With a recent 9% decline, Shiba Inu broke through the crucial 50 EMA level and made contact with the 100 EMA, another important support level. The asset is in a risky position going forward as a result of this loss of support, which emphasizes how flimsy SHIB's recent rally was.

The cryptocurrency market is seeing a day of big sell-offs in Thursday's trading. Bitcoin's token price was down 4.8% over the previous 24 hours of trading as of 4 p.m.

A significant Shiba Inu (SHIB) transfer has caught the attention of traders today, December 19, as an early and highly profitable SHIB whale moved nearly 400 billion tokens. On-chain analysis service Spot On Chain (@spotonchain) highlighted that this well-known early buyer deposited 399.99B SHIB (worth $9.69 million) to Gemini, building on a history of substantial gains after initially acquiring 15.2 trillion SHIB in August 2020 for a mere 10 ETH.

Meme coins have turned small investments into millions, showcasing their explosive potential but also high risks.

Shibarium aids Shiba Inu's ecosystem with token burns, but SHIB's price continues to struggle.

The crypto market felt the aftershock of the latest 25 bps cut and the Fed's hawkish comments on Bitcoin hurt Bitcoin price and the other altcoins within the market. Seems that the downtrend triggered large whale sell-offs, commonly referred to as whales, in the hope to profit from previous gains.

Dogecoin and Shiba Inu prices have significantly crashed in the last 24 hours. This is partly due to Jerome Powell's speech, which painted a bearish picture for crypto assets despite the announcement of a 25 basis point (bps) rate cut.

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) is expected to see a major rally despite its current stagnation. What Happened: Lookonchain data highlights an early SHIB whale who recently sold 250 billion SHIB (worth $6.05 million) for profit.

The crypto market has turned red, according to CoinStats.

Shiba Inu ($SHIB) and the family of large-cap doge-themed meme coins have taken some heavy losses over the last 24 hours and over the last week as Web3 investors throw their money into smaller projects, banking on some festive upside. Shiba Inu fell 6.9% overnight and 17.

The Shibburn data tracking platform has revealed that the SHIB community has succeeded in removing SHIB meme coins from circulation. However, there is nuance with this massive burn that does not make it look that good.

Shiba Inu investors panicked after whales dumped $6 million worth of SHIB, leading to widespread selloffs and liquidations. Analysts now highlight key resistance levels and on-chain activity pointing toward a potential price recovery.

A major Shiba Inu whale's sale of 250 billion tokens worth $6.05 million triggered a 22% weekly price decline to $0.0000241, while maintaining strong community support and technical possibilities for recovery.

According to the analytics X account @Spotonchain, earlier today, two staggering amounts of Shiba Inu meme coins were sold.

There was a notable sell-off in the last hour as a Shiba Inu whale recently liquidated 250 billion SHIB worth $6.05 million. With a mere $3,800, this whale made its first foray into the SHIB market on Aug. 6, 2020, purchasing an incredible 15.28 trillion SHIB, which reached its peak value of $1.22 billion.

Shiba Inu price fell more than 10% today and 22% in a week, with some early SHIB whales booking profits in meme coins including Shiba Inu coin. As CoinGape warned last week, the price fell to $0.000024 level.

Shiba Inu (SHIB) is proving it's more than just a meme coin, turning heads with an impressive 153.3% price increase over the past year. Recently a savvy Shiba Inu whale has reportedly sold 250 billion SHIB tokens worth $6.05 million in the past few hours, reflecting an overall profit of $109 million.

Shibarium Trustwatch sounded the alarm again: here's the latest threat for SHIB users.

Pudgy Penguins (CRYPTO: PENGU) newly launched token has found its way into established media, coinciding with a rally on Wednesday. What Happened: In a FOX Business interview on Tuesday, Robinhood CEO Vlad Tenev expressed skepticism about meme coins, calling them “distractions.

Shiba Inu (SHIB) has seen intense bearish pressure as its price slips below the critical $0.00002631 level. This downward move reflects growing market challenges, with SHIB struggling to maintain its position above the 100-day Simple Moving Average (SMA).

Here's why SHIB may chart additional price decline in the near future.

Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

Shiba Inu (CRYPTO: SHIB) continues to attract attention as its burn mechanism drives supply reduction, sparking optimism among traders despite subdued broader market activity. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002566 $15.12 billion -3.1% -11.5% Dogecoin (CRYPTO: DOGE) $0.3849 $56.7 billion -3.1% -7.9% Pepe (CRYPTO: PEPE) $0.00002144 $9 billion -5.6% -14.6% Trader Notes: Crypto trader InvestingHaven outlined their 2025 price forecast for SHIB, suggesting a potential high of $0.0000998 and a low of $0.0000234.

Shiba Inu has tumbled 23 percent, but the tokens key support level at $0.000025 remains intact. Analysts suggest the current correction is creating favorable conditions for a possible bullish recovery.

The last few days have been ugly, to say the least, for holders of the popular meme-inspired cryptocurrency Shiba Inu (SHIB). After a huge surge of nearly 100% since the beginning of November, the price of SHIB has dropped nearly 23% in the last nine days and recently hit a major support level at around $0.000025 per token.

Shiba Inu price has not been left behind in the ongoing altcoin sell-off. It has retreated by over 22% from this month's high, but several catalysts could lead to a strong SHIB rebound.

Bitcoin market dominance may decline over the next few weeks as altcoins are ready for another explosive period. The AI coin, IntelMarkets (INTL), is clearly one of the most promising.

Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu protocol, is on the verge of a major historical record. Since its inception, the protocol has recorded a total transaction count of 669,053,714 as it looks set to breach another major milestone.

On the daily chart, Shiba Inu is under a lot of pressure and is currently going through a noticeable decline. The asset's price has decreased by 2.43% to $0.00002568, its lowest level to date.

Riding the currents of market excitement and community-driven momentum, Dogecoin (DOGE) and Shiba Inu (SHIB) have long been investor favorites. But when both tokens go into periods of consolidation, a new competitor is taking the front stage with more returns and creative features.

The Shiba Inu (SHIB) price is on the back foot this Tuesday, sliding back to the low $0.000026s as Bitcoin continues to suck liquidity out of the broader crypto market, and as the newly launched Pudgy Penguins (PENGU) token steals the limelight. The post Shiba Inu Price Slumps, Eyes This Key Support Zone – Is Its Run Over? appeared first on Cryptonews.

Despite ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest crypto meme coin by market cap has gained significant attention from crypto giants, as reported by the on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that the large transaction volume of SHIB has skyrocketed by 238.58% in the past 24 hours.

The newly-launched Pudgy Penguins (CRYPTO: PENGU) token has been listed on Binance, prompting speculation that it could soon join the ranks of the top meme coins. What Happened: According to Lookonchain data, a savvy trader made $8.4 million profit by trading PENGU in under 20 minutes.

Shiba Inus (SHIB) whale activity skyrocketed 258%, with 6.42 trillion SHIB worth $175 million moved in 24 hours. Market watchers are speculating on whether this signals accumulation or a looming price breakout.

Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a significant increase in whale moves, with large transaction volumes up 258% in the last 24 hours, according to data from IntoTheBlock.

XRP is getting closer to breaking through its descending resistance line, which could signal a recovery. The asset has been battling within a declining trend for the past few weeks, but if momentum keeps building, its recent price movement suggests a potential recovery.

Shiba Inu price, a popular meme-based altcoin, has shown strong upward momentum following Bitcoin's recent all-time high of $107k. Over the past 30 days, SHIB recorded a notable 10% price gain, signaling growing investor interest.

Prominent crypto tracker Shibburn has published data showing that the SHIB community has remained dedicated to removing meme coins from the circulating supply.

Most of the coins have returned to the green zone, according to CoinStats.

Check out which users will be eligible for the token distribution.

In the last two days, over 1.78 trillion SHIB has been moved to exchanges.

Shiba Inu (SHIB -0.30%) entered the cryptocurrency scene with a bang. It generated a return of 45,278,000% in 2021, which remains one of the best annual gains in the history of financial markets -- it would have been enough to turn an investment of just $3 into more than $1 million!

The Shiba Inu ecosystem on Tuesday announced an exclusive airdrop of its new meme coin, Shifu (SHIFU). SHIFU has a total supply of 100,000,000,000 tokens, and it will be launched on both the Ethereum and Shibarium blockchains. The announcement was made in an official post on the social media website X (formerly Twitter).

Bitcoin and Ethereum have led top crypto asset gainers following the last price rebound. Most traders expect a positive run based on both assets, citing growing institutional demand and the decentralized finance (DeFi) ecosystem.

Shiba Inus burn rate skyrocketed by 3,600% in 24 hours, erasing 35.6 million tokens. As SHIB battles critical resistance levels, bullish sentiment builds for a potential price rally.

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are gaining momentum as Bitcoin reaches a new all-time high above $107,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.4118 $60.6 billion +1.9% -5.5% Shiba Inu (CRYPTO: SHIB) $0.00002784 $16.4 billion +0.4% -6.5% Trader Notes: Benzinga's technical analysis shows that SHIB's Relative Strength Index (RSI) stands at 42.85.

Year-to-date (YTD), Shiba Inu (SHIB) price has rallied by 150%, amassing billions in volume as fresh capital flowed into the cryptocurrency at some point. However, between December 10 and the time of this writing, the Shiba Inu coin volume has decreased by $2.80 billion.