A developing double-bottom formation that can be seen on the daily chart suggests that Shiba Inu may be indicating a possible reversal. The long-awaited catalyst for SHIB investors may be this traditional bullish pattern, which is frequently linked to a shift in the market.

A substantial movement of Shiba Inu (SHIB) tokens sent ripples through the cryptocurrency community. A transaction involving an enormous 2.88 trillion SHIB tokens, valued at approximately $65.7 million, was flagged by Whale Alert, a well-known crypto tracking platform.

The Shiba Inu (SHIB) price is stabilizing in the low-$0.000020s in wake of last week's impressive bounce from its 200DMA around $0.000018s, a sign that will fill the SHIB bulls with optimism. The post Shiba Inu Price Stays Firm Following Bullish 200DMA Bounce – What's Next for SHIB? appeared first on Cryptonews.

‘Dogecoin Killer' Shiba Inu's (CRYPTO: SHIB) relatively flat performance over the past week has not stopped its burn rates from increasing. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002167 $12.8 billion -5.2% -2.2% Dogecoin (CRYPTO: DOGE) $0.314 $46.3 billion -5% -1.5% Pepe (CRYPTO: PEPE) $0.00001743 $7.3 billion -5.5% -1.2% Technical Analysis: Benzinga technical analysis shows Shiba Inu's RSI is oversold at 28.6.

Shiba Inu (SHIB) price has declined 10% over the past seven days, following its December 7 peak when it reached its highest levels since January 2024. The recent pullback highlights weakening momentum, with key indicators such as RSI and DMI reflecting a bearish shift in market sentiment.

Although the price of the popular meme-inspired cryptocurrency, Shiba Inu (SHIB), has lost over 35% in the past two weeks, its misadventures may not end there. The fact is that on the price chart of the Shiba Inu token, a "death cross" is rapidly forming, as the event is called, when a lower-order moving average crosses a higher-order moving average from top to bottom.

As Bitcoin (BTC) continues to dominate headlines with its impressive rally—up 46% since November's election and 133% year-to-date—investors are increasingly turning their attention to altcoins with high growth potential at a lower price point.

Sellers might have seized the initiative, according to CoinStats.

Meme coin prices crashed on Thursday, erasing most of the gains made during the Santa Claus rally on Christmas Eve. Fartcoin (FARTCOIN), one of the top meme coins in the Solana ecosystem, dropped by 16.

TL;DR Shiba Inu has launched SHIB: The Metaverse, an immersive digital world built on Shibarium, aiming to drive higher adoption rates for SHIB and create new interaction opportunities. The platform features a land map supported by Chainlink's CCIP, allowing users to own land as NFTs, explore the virtual world, and generate passive income.

The Shiba Inu price has recorded a significant decline today as the broader crypto market retreated amid investors' holiday mood. However, despite the recent dip, traders remained optimistic about the long-term trajectory of SHIB, indicating strong confidence in the crypto.

While whales are becoming active, more participation is needed to drive the price action.

"Nothing in life is free. Even the things that seem free often come with hidden costs or risks," Shiba Inu's team alerted.

A staggering 2.88 trillion SHIB worth $65.7 million was transferred from Turkeys BTCTurk to an anonymous wallet, sparking intrigue among crypto enthusiasts. The transfer coincides with the SHIB Metaverse debut on the Shibarium blockchain, marking a pivotal moment for Shiba Inu.

Prominent blockchain tracker Whale Alert has spotted a mammoth-sized SHIB transaction that carried almost three trillion meme coins. In this transaction, a top crypto exchange in Turkey was involved.

Volatility has always been a feature of the cryptocurrency markets. The collective value of all coins and tokens in existence recently hit an all-time high of nearly $3.9 trillion, but the market is in correction territory again, with a 12% drop as of this writing.

Shiba Inu (SHIB), the 17th largest cryptocurrency by market capitalization, has made remarkable progress since its modest beginnings as a meme coin.

Shiba Inu's recent recovery attempt failed, and the price was unable to break above the crucial 100 EMA resistance level, resulting in a major setback. As a result of this significant drop in bullish momentum, traders and investors are beginning to doubt whether a long-term upward trend is possible.

Shiba Inu's (SHIB) ecosystem developers have finally opened early access to the much-awaited SHIB: The Metaverse. It comes after the team re-scheduled the launch from December 2023 to 2024/2025 due to unforeseen circumstances. Understanding SHIB: The Metaverse The new platform aims to transform the Shiba Inu ecosystem with community-centered developments and immersive experiences.

A massive 6.26 million SHIB was delivered to a dead address. The introduction of “SHIB: The Metaverse” this past Christmas was seen by the community.

Optimism toward a meme coin has increased as a result of Shiba Inu's recent recovery above the 100 EMA at $0.0000230. But this rebound is still not enough to verify a legitimate trend reversal.

Shiba Inu (SHIB) price has seen a 10% decline over the past seven days, yet it remains the second-largest meme coin in the market, only trailing Dogecoin. Despite the recent pullback, SHIB's RSI has been climbing steadily, indicating improving buying momentum and a potential shift in market sentiment.

The significant surge in Shiba Inu burn rate has once again garnered notable investor attention toward the renowned dog-themed meme crypto, SHIB. Recent burn data indicated that millions of coins were taken out of the token's circulating supply, sparking noteworthy optimism surrounding the crypto amid recent ecosystem developments.

Shytoshi Kusamas latest update about More TREATS has sent waves of excitement through the Shiba Inu community. With the SHIB price rebounding and Shibarium reaching major milestones, optimism around the tokens future is on the rise.

Meme cryptocurrency Shiba Inu (SHIB) is witnessing a short-term price correction, but technical indicators suggest that the coin might target new highs.

According to the recent data shared by the Shibburn tracking service, over the past day, the SHIB community has managed to push a substantial amount of meme coins out of the circulating supply.

If you're into Shiba Inu and all things virtual, here's exciting news for you. As a Christmas gift, the team has finally launched Shiba Inu Metaverse. It's not just an ordinary release. This platform is meant to change the way we interact online.

In a festive twist, dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 7% increase in price within the last 24 hours. The cryptocurrency market experienced a boost heading into the Christmas holiday.

Shiba Inu price appears to be gearing up for a major rally ahead, primarily in the wake of recent ecosystem advancements. On Wednesday, the token's lead developer, Shytoshi Kusama, spotlighted ‘SHIB: The Metaverse' launch while also saying ‘more TREATS soon,' sparking optimism across the SHIB community.

Recent network activity on Shiba Inu has significantly decreased, with activity levels falling by 30%. The state of SHIB's ecosystem and its possible effects on the token's price trajectory have caused some investor outflow.

The Shiba Inu ecosystem has witnessed an increase in SHIB burning endeavors in the 24 hours leading up to Christmas day. According to data from Shibburn.com, Shiba Inu's burn tracker, the meme coin has witnessed a 41.87% increase in the number of Shib tokens burned when compared to the previous 24-hour timeframe.

Pseudonymous Shiba Inu team's marketing lead Lucie has published a tweet dedicated to the SHIB Metaverse – a project that has been in the works for the past two years but no updates about it have been released for a long while already.

Shibarium, the layer-2 blockchain solution for Shiba Inu (SHIB), has hit a significant milestone. As the world marks Christmas Day, Shibarium soared past 700 million transactions.

SHIB has finally rebounded, charting a 4% rise on a 24-hour scale.

SHIB's price tumbled by nearly 50% in weeks but is that all about to change?

Shiba Inu News: The meme coin sector has gained notable traction lately, with SHIB emerging as a leading player in the space. The crypto has caught the eyes of investors lately, especially after the crypto market witnessed volatile trading after the latest US FOMC.

Here's what you need to know if you want to become a SHIB millionaire.

Shiba Inu (SHIB) investors are eyeing ambitious price targets in the hope of significant returns. Despite the dog-themed cryptocurrency's struggles in recent times, with a 10.21% dip in value over the last month, there's a renewed sense of optimism.

Shiba Inu (SHIB), the popular and second-largest crypto meme coin by market cap, is poised to break its ongoing consolidation, which it has been facing for the last five trading days.

According to widely-followed crypto influencer ‘artchick,' Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) will not be the main meme coin beneficiaries of a rally. The influencer's forecast hinges on Bitcoin (CRYPTO: BTC) maintaining its momentum and Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) outperforming.

The Shiba Inu burn rate has displayed a massive decline, according to the data recently shared by the Shibburn blockchain tracker. In the meantime, the SHIB price has shown a movement in a totally different direction.

Shiba Inu confronts a critical juncture as the 67 trillion SHIB level nears a breakdown. With key support levels weakening and bearish market sentiment intensifying, SHIBs path forward hinges on regaining investor interest and stability.

Dog-themed cryptocurrency Shiba Inu (SHIB) has recently experienced a surge in large holder net flows, skyrocketing by an astonishing 1,445%.

Although Shiba Inu price has crashed by over 30% from its December high, its ecosystem is doing well, pointing to an eventual rebound. SHIB price comeback will be supported by its futures open interest and the NPL indicator, which points to capitulation.

Shiba Inu surges 13%, hitting an 8-month high amid renewed meme coin interest. Explore what's next for SHIB traders.

Leading meme coin Shiba Inu (SHIB) has seen a 4% price increase in the past 24 hours, reflecting the uptick in the broader crypto market. However, this price rally may be shortlived as bearish sentiment continues to overshadow the meme coin.

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.