After recording a bearish weekend, the bearish influence over the crypto markets escalated. With the huge drop in the S&P 500, the crypto markets also slashed, wiping out over $200 billion. The major tokens like Bitcoin, Ethereum, and Solana faced huge pullbacks, forming fresh bottoms.

Bulls remain weaker than bears today, according to CoinStats.

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According to on-chain data, 60% of Shiba Inu holders are currently losing money, which presents a harsh reality. Many investors were caught offguard by the meme coins' recent price decline, especially those who purchased during recent rallies in anticipation of another leg up.

According to the data shared publicly by the Shibburn blockchain tracker, over the past day, an important metric of the second largest meme coin, Shiba Inu, has soared to display a three-digit rise, with millions of SHIB coins disappearing forever.

The cryptocurrency market faced a sharp downturn over the past 24 hours, with Bitcoin (CRYPTO: BTC) dropping to a low of $87,115 before stabilizing at $88,850, marking a 7% decline. Ethereum (CRYPTO: ETH) saw an even steeper drop of 10%, trading at $2,420.

A move above $0.00001570 is crucial for bullish momentum for Shiba Inu, while $0.00001350 is an important support level.

Despite burns, Shiba Inu is facing some resistance, and price recovery remains uncertain without catalysts.

DOGE, SHIB, PEPE, and BONK are seeing massive losses, while BTC and XRP continued to outperform, maintaining significant post-election price gains.

Shiba Inu (SHIB) price is facing a challenging market environment as bearish trends dominate the meme coin. Over the past month, SHIB price has experienced a decline, reflecting concerns within the crypto market.

Bitcoin and most altcoins crashed on Tuesday morning, continuing a trend that has been going on in the past few months. BTC crashed to $91,000 for the first time since February 3rd and 15% below its highest level this year. Other altcoins were also in the red.

Shiba Inu (SHIB) gained attention through its community-driven momentum, but its future growth remains uncertain without strong utility. Meanwhile, Mutuum Finance (MUTM) is emerging as a promising DeFi project, offering real financial applications through decentralized lending. Currently priced at $0.015 in its presale, MUTM has already raised over $1.

Ali Martinez, a well-known crypto trader on X, has highlighted a worrying trend for Shiba Inu (SHIB), revealing a 79% drop in whale activity over the past three months.This sharp decline suggests that market sentiment toward SHIB may have weakened, mirroring the broader downturn in meme coins during this period.

Monday is considered to be the most unpleasant day of the week, and the cryptocurrency market is proving that fully today. With the U.S. stock market opening at a three-week low, prices on the crypto market were hit so hard that $349.34 million were liquidated in 24 hours.

The once dominant Shiba Inu (SHIB) is enduring a severe cryptocurrency downturn, seeing a significant 26% price reduction in the last month. Current data indicates the meme token is trading at $0.00001476, with a market capitalization of around $8.7 billion.

Shiba Inu (SHIB) has slumped below its key $0.000015 support, dropping 5% in a day as its burn rate plunges.

Shiba Inu (SHIB) boasts a staggering supply of 589 trillion tokens, a number that has weighed on the meme coin's price growth despite periodic burns. The Shiba Inu community continues to burn SHIB tokens daily, but the impact on the price has been limited due to the massive supply.

For the first time since 2024, Shiba Inu's price has fallen below the $0.000015 level, which means it faces yet another crucial moment. After soaring on waves of speculative excitement, the meme coin is currently facing fierce selling pressure and seeing a sharp decline in value as it approaches crucial support levels.

The collapse of Shibarium hits Shiba Inu like a thunderclap: 96% fewer transactions, a wreck for the meme crypto, taking with it the hopes of investors.

Shiba Inu (SHIB), one of the most popular coins, has captured the attention of investors and crypto enthusiasts alike. Central to the ongoing narrative of its price evolution is the concept of “SHIB burns.

Shiba Inu (SHIB), one of the most widely recognized coins in the cryptocurrency market, is showing signs of a potential recovery. Over the past few days, whale activity has surged, with large holders driving a remarkable 90% increase in inflows.

As Shiba Inu successfully breaks above a significant resistance level, it is indicating that a potential reversal may be imminent. After struggling under a descending trendline, the meme coin is now making an effort to break out of its bearish trend, giving investors new hope.

The meme coin market has seen a remarkable transformation in the past year, large-cap tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) have managed to stay in the forefront. Specifically, the SHIB token has experienced impressive growth, increasing in value by roughly 65% in the past year.

Shiba Inu (SHIB) remains a legendary name in the crypto market after its historic 2021 rally. Starting at a microscopic $0.000000000077 per token in January 2021, SHIB skyrocketed to an all-time high of $0.00008841 by October 2021, a gain exceeding 1,000,000%.

Shiba Inu (SHIB) is in the green days after posting a recent death cross, a technical indicator that typically signals bearish momentum. A death cross occurs when a shorter-term moving average, often the 50-day, dips below the longer-term 200-day moving average.

The market is mainly falling today, however, there are some exceptions, according to CoinStats.

Shiba Inu (SHIB) has lost a key support level, says Ali Martinez in a recent price outlook for the popular meme-inspired cryptocurrency. The next major support zones to watch are $0.000011 and $0.000008 per SHIB, predicts Martinez.

Shiba Inu (SHIB), one of the most talked-about cryptocurrencies in recent years, has shown remarkable volatility, often swinging from lows to explosive highs. Despite a recent dip to $0.000014, its price has recovered slightly to $0.00001520, leading many investors to wonder: could a $1,000 investment in SHIB today lead to significant returns if it replicates its past surge?

SHIB's price has suffered a lot in the past month, is there hope?

Shiba Inu's Shibarium has suffered a heartbreaking decline in activity, dropping to new lows not seen in a long while. Reports reveal that the Layer 2 network has seen its daily transaction count plummet by over 96%, signaling a slowdown in user engagement and network usage.

Shiba Inu recovery could be around the corner as there's a substantial rise in whale activity. With more than a 90% increase in inflows, there's certainly a bullish tendency around large SHIB holders.

Despite the 79% drop in whale activity, Shiba Inu's future may still hold promise.

Liquidation heatmap and the 4-hour chart revealed that SHIB is likely to consolidate within a range in the near-term.

Shiba Inu (SHIB) the top meme coin is showing strong bullish potential with a confirmed double-bottom pattern and rising open interest. Shiba Inu (SHIB) Price Prediction for February 23 After a notable price drop following Bybit's $1.4 billion crypto heist, the overall cryptocurrency market appears to be recovering.

A single transaction totaling 13,046,414 SHIB has recently caught the attention of the Shiba Inu community.

In the last seven days, Shiba Inu (SHIB) has dropped in value by a significant 8.09%. The dog-themed meme coin has fallen more profound in the previous 30 days, declining by 22.81%.

Cryptocurrency prices fell in the early Saturday trading session, with major cryptocurrencies XRP, Dogecoin (DOGE), Shiba Inu (SHIB) and Cardano (ADA) all in red. Traders had reacted to an over $1.5 billion heist of the Bybit exchange, which analysts claim was the biggest crypto theft ever.

Cryptocurrency analyst and trader Ali Martinez has shared a chart provided by the on-chain data aggregator Santiment.

Shiba Inu price remains bullishly eyed by traders and investors despite the broader market volatility as its burning chronicles constantly kill supply. The latest burn metrics indicated that nearly 128 million SHIB was burnt over the past week.

On-chain data shows Bitcoin (CRYPTO: BTC) has maintained its strength comparatively to overall crypto market volatility as a major market move may be imminent. What Happened: In a post on X on Friday, analytics provider Glassnode showed meme coins experiencing sharp declines, with TRUMP (CRYPTO: TRUMP) dropping by 33.1% and Shiba Inu (CRYPTO: SHIBA) falling by 27.9%.

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A new player is capturing the attention of investors tired of chasing outdated memecoins. Mutuum Finance (MUTM), priced at just $0.01 in the opening phase of its presale, has already raised over $1 million from more than 1,900 holders.

Shiba Inu has faced significant challenges in recent months, failing to break free from its ongoing downtrend. Despite the altcoin's struggles, recent investor activity indicates a potential shift.

One of the biggest resistance levels in Shiba Inu's recent trading history is currently in the market. It may be difficult for the asset to break through because more than 515 trillion SHIB tokens are positioned at a critical price level.

A total of 20,423,263 SHIB have been shifted in one swoop, attracting the attention of the Shiba Inu community.

Shiba Inu price is gearing up for a potential 300% surge as it holds firm above strong support. The leading assets within the crypto market demonstrate a recovery as the broader market experiences small improvements.

Technical analysis shows Shiba Inu breaking out of a Falling Wedge pattern with increased volume, while whale activity and declining futures interest create mixed market dynamics that traders are closely monitoring.