On-chain data points to major ramifications for the asset's future, placing Shiba Inu at a pivotal point. As the market continues to exhibit bearish tendencies, the enormous 67 trillion SHIB support level — which is strongly correlated with high transaction volumes and market stability — is in jeopardy.

Shiba Inu (SHIB), one of the most talked-about meme coins in the cryptocurrency space, has seen a notable surge in whale activity in the past 24 hours. Particularly, data from on-chain analytics platform IntoTheBlock reveals a 265% increase in whale transactions within the past 24 hours.

After Donald Trump's crypto pump, Bitcoin crossed $108,000 for the first time. This also means the money could possibly flow to altcoins, ultimately triggering the altseason, which is considered the most profitable period of a bull market.

The 50 EMA, a crucial technical level that serves as a solid support for bullish momentum, has been breached by Ethereum. The asset is at a turning point, and the sustainability of its bullish trend is called into question, as is its capacity to sustain its recent recovery.

Shiba Inu (SHIB) price has entered a critical phase as multiple technical indicators suggest conflicting signals for its short-term trajectory. The popular meme coin has faced significant selling pressure over the past week, dropping 20% and seeing its market cap decline from $15 billion to $12.5 billion.

Shiba Inu (SHIB) has become a popular strategy for those seeking early retirement, but how much of this digital asset do you need to accumulate to reach the $2 million retirement threshold? While the answer depends on factors such as the price of SHIB and the size of your initial investment, we'll break down potential scenarios to give you an idea of what it takes to retire early with this cryptocurrency.

Crypto analyst Master Kenobi has presented a master plan, suggesting that Floki (FLOKI), a dog-themed meme coin, is on the brink of a massive breakout. While Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced notable price surges in the past, Floki is projected to skyrocket by at least 1,100% in Q1 2025.

Shiba Inu has achieved a 936% surge in its burn rate, permanently removing millions of SHIB tokens from circulation. Despite the milestone, SHIBs price remains locked below critical levels, struggling to gain upward momentum.

Shibburn tracking platform spread the word about a substantial increase in the pace at which SHIB meme coins are being driven out of the circulating supply. Several million SHIB have been transferred to dead-end wallets.

Bears have turned out to be more powerful than bulls at the beginning of the week, according to CoinStats.

Shiba Inu (SHIB) price is struggling to maintain an uptrend as Bitcoin remains stunted below the $100,000 mark. Shiba Inu's price is pegged at $0.00002172, down by 1.39% in 24 hours, per CoinMarketCap.

Offering on various networks increases visibility and distribution for a token, helping drive investment and usage among network users.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) show strong fundamentals, but the trader community remains hesitant about their potential to outperform other trending cryptocurrencies. What Happened: Shibburn data shows 6.02 million SHIB tokens burned in the past 24 hours, driving the burn rate up by 661.7%.

As on-chain data shows, almost half of its investors are losing money as Shiba Inu is currently going through a difficult period. Only 53% of SHIB holders are in the money or have profitable investments at the moment, while 43% are losing money, according to profitability metrics.

Few assets have demonstrated more millionaire-maker potential than Shiba Inu (SHIB -0.92%), a controversial cryptocurrency that soared by 45,278,000% in 2021. But this unprecedented rally was based on hype instead of sustainable fundamentals, and the token gave back most of its gains by mid-2022.

The concerns over meme coin season have increased, as witnessed by the volatile trading with many top coins like DOGE, SHIB, WIF, and others, continuing their declines today. Meanwhile, the decline comes amid a gloomy sentiment noted in the broader crypto market, indicating a shifting market focus.

The token's alignment with key technical levels and on-chain signals suggests that the current phase could mark the foundation for future gains.

Shiba Inu has fallen sharply, erasing its market recovery gains and dropping below crucial support levels. With whales driving high-volume sell-offs, the token faces significant challenges as retail enthusiasm wanes, casting uncertainty over its future.

Shiba Inu price, a popular meme-based cryptocurrency, has seen a significant decline over the past week amid bearish market trends. Despite minor market rebounds, SHIB's price action indicates potential for growth as it hovers near critical support levels.

The popular meme-inspired cryptocurrency Shiba Inu (SHIB) is not having the best of times, or rather we are talking about its price. As a result of various shakeouts, shakeouts and huge liquidations in recent weeks, the price of SHIB has landed at $0.000022.

After lounging at the edge of the abyss, the Shiba Inu aims for a dazzling peak. 235%, they say.

Shiba Inu's (SHIB) rally after a dip has failed for the second time. Cryptocurrency price analysis brought by Coinidol.com.

Shiba Inu has erased almost all of the gains made during the market recovery a month ago by retracing to pre-pump levels. There are concerns regarding the asset's condition and the actions of important market players in light of this steep drop.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen its price drop from recent highs. Shiba Inu fell significantly in the past week amid broader caution in risk assets.

Shiba Inu price shows renewed strength after rebounding to $0.00002203. Analysts foresee a massive 235% surge as key support at $0.00002424 fuels bullish momentum.

The Shiba Inu (SHIB -2.58%) cryptocurrency has seen big sell-offs in this week's trading. The popular meme coin was down 22.7% over the last seven days of trading as of 4 p.m.

Shiba Inu (SHIB) whales have sparked a bullish resurgence, moving 12.16 trillion tokens in just 24 hours. This surge includes 520 large transactions exceeding $100,000, igniting optimism for SHIB to recover lost value and achieve new price highs.

Data shared by the prominent Shibburn wallet tracker reveals a massive jump in the SHIB burn rate over the last 24 hours. Millions of meme coins have been removed from the circulating supply.

The cryptocurrency market has shown resilience following a significant downturn, with Shiba Inu (CRYPTO: SHIB) leading the recovery. What Happened: A prominent market analyst predicts the dog-themed token could achieve a massive 235% rise, reaching a new yearly high of $0.00005816.

The cryptocurrency market has shown signs of recovery following a sharp downturn that saw Bitcoin lose over 10% of its value, dropping to approximately $93,000. The decline triggered selling pressure across altcoins, including Shiba Inu (SHIB), which revisited its major support level near $0.0000185.

Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion. Shiba Inu (SHIB) price rose by 12.6% to an intraday high of $0.

Dog-themed cryptocurrency Shiba Inu (SHIB) rebounded sharply in Friday's trading session after four days of losses, bouncing off a key support level. Shiba Inu rebounded upon reaching $0.0000185, a level near the daily 200-day Simple Moving Average (SMA), as traders rushed to buy the dip.

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Shiba Inu (SHIB) is getting a major defining moment as whales within the ecosystem are currently pushing for new heights. Per data from the crypto analytics platform IntoTheBlock, SHIB whales have moved 12.16 trillion tokens in 24 hours, a figure that marks a 41% surge in 24 hours.

As of midday Dec. 19, the cryptocurrency industry sported a total market cap of more than $3.4 trillion. This puts the digital asset market's value near record territory.

Is SHIB on the verge of a pivot after the latest bearish onslaught? We explore its latest performance and a deal that could sweeten the long term outlook.

The Shiba Inu price has crashed below $0.000022, declining by more than 20% in just one week. This massive crash has left 43% of SHIB investors facing losses.

Shiba Inu is under pressure, with whales moving 2.75 trillion SHIB out of key wallets in just 24 hours. The tokens 23% price slump highlights the effects of increased volatility and bearish market sentiment.

Shiba Inu (SHIB) could be on the cusp of a major lift-off following a groundbreaking partnership with Chainlink (LINK), a leader in blockchain interoperability.

The crypto markets faced a massive sell-off that began ever since Bitcoin marked the highs at $108,000 a few days ago. However, the top memecoins, Dogecoin & Shiba Inu, had triggered much before the BTC price crash, which suggests the market participants have exited the memecoin space much before and entered the star token.

Bloomberg Senior ETF analyst Eric Balchunas showcased a PR pitch he received on mail, revealing the 20 best-performing meme coins of 2024. What Happened: Balchunas highlighted a list of the top-performing meme coins of 2024, compiled by Kryptocasinos.

Shiba Inu has taken a significant step forward by partnering with Chainlink to enhance cross-chain functionality and data integration across its ecosystem, according to a Dec. 19 statement. This collaboration introduces cutting-edge interoperability features and positions the Shiba Inu network for broader adoption.

"We're excited to enter a partnership with Shiba Inu and grow its ecosystem together," Chainlink's CBO said.

Shiba Inu has entered into a strategic partnership with Chainlink, according to a press release published in SHIB Magazine.

Like other cryptos in the market, Shiba Inu's (SHIB) price experienced a double-digit decline in the last 24 hours. This price decrease could be linked to the rising dominance of SHIB bears, as bulls appear to have taken a backseat.

Although Shiba Inu and Dogecoin have been capturing headlines for some years, a new contender, PropiChain, is positioning itself as the future of blockchain innovation. Industry analysts predict that PropiChain could soar by 65,000% by January 2025, leaving meme coins like Dogecoin and Shiba Inu in the dust. This surge isn't just speculation.

The Shiba Inu price has plummeted by 20% today, with the meme token dropping to $0.00001927 amid whale dumps and a general market selloff. The post Shiba Inu Price Crashes as $6M Whale Sell-Off Sparks Chaos – Buy the Dip or More Selling to Come? appeared first on Cryptonews.