Shiba Inu (SHIB) has been on a downward trend in recent weeks, with its price dropping by over 34% since February. This latest movement has drawn some attention amongst investors, mainly because the token is approaching a support level.

An uninspired, fairly directionless cryptocurrency market was draining value from a wide range of altcoins on Tuesday. This wasn't quite a rout, but still, the general gloom hanging over various types of investments shaved the prices of quite a few of the less popular cryptos.

Amid the ongoing price decline, Shiba Inu (SHIB), the popular and second-largest meme coin, has seen a rise in its token burn rate and is now gaining significant attention from crypto enthusiasts.

The impact of large holder exits on Shiba Inu's market value dates back to early 2022, Glassnode study revealed.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are struggling despite positive on-chain metrics and technical buy signals. While SHIB's burn rate is soaring and DOGE whales are accumulating, broader market sentiment remains cautious.

The last few days on the cryptocurrency market have not been as prosperous for crypto enthusiasts as is commonly believed. Let's face it, the last few weeks have been pretty tough, full of pain, controversy, doubt and, of course, fear and greed.

The bounce back might have finished, according to CoinStats.

Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme cryptocurrencies (dog-coins) by market capitalization, are both in worst performer list today. Meanwhile, once-leading meme coins like Floki (FLOKI), Dogwifhat (WIF) or Murad's pick SPX6900 (SPX), are losing steam in the top 100.

With recent price action indicating that bearish momentum may intensify, Shiba Inu is at a level it cannot breakthrough. Concerns that SHIB may be on the verge of another decline have been confirmed by the token's inability to rise above the 26-day Exponential Moving Average.

Shiba Inu's layer-2 blockchain, Shibarium, has been active and continues to register significant growth in the Ethereum ecosystem. The L2 protocol is now on the verge of hitting a major milestone in the number of blocks mined.

Dog-themed cryptocurrency Shiba Inu (SHIB) is at a crucial turning point as it faces a major supply test that could determine its next big price move. Ahead of Shiba Inu is a significant price range where 549 trillion SHIB are currently held, and a breakout past this level could trigger a 50% rally, making this a critical time for SHIB holders and traders.

Ethereum cofounder Vitalik Buterin recently got rid of a bunch of meme coins, selling a mix of lesser-known and fake tokens. According to data from OnChain Lens, Buterin made 315,382 DAI and sold a bunch of meme tokens, converting them into a total of 71.69 ETH, which is about $136,684.

The downward trend is even more pronounced when analyzing historical data.

Shiba Inu (SHIB) price has gained significant attention amid market volatility. With the potential for a 500% surge before April, the meme coin future remains uncertain.

SHIB whales have been exerting significant selling pressure on the memecoin.

Shiba Inu (SHIB) is at a pivotal moment as it tests its 26-day Exponential Moving Average (EMA), a key resistance level that could determine its short-term trajectory. After a prolonged downtrend, SHIB has managed a recovery, inching toward this crucial barrier.

As it tests its 26-day Exponential Moving Average, Shiba Inu is currently encountering a significant technical obstacle. The asset's near-term trajectory will probably be determined by the outcome of this level, which has historically served as a significant resistance point.

The 6-hour chart illuminated that SHIB was trading under a local resistance at $0.0000138, a level that rebuffed the bulls on the 16th of March.

Shiba Inu price has been facing a downturn over the past few months, dropping nearly 63% since December 2024. Despite this, a key metric has shown positive signs that may help the meme coin recover.

Prominent crypto chart analyst Ali Martinez has shared insights into his trading strategy, demonstrating how disciplined execution and risk-reward balance have helped him generate significant profits despite occasional setbacks. What Happened: In an X post on Monday, Martinez emphasized that losses are an unavoidable part of trading but managing them effectively ensures that winning trades outweigh the losses over time.

Shiba Inu is gaining momentum as its price breaks above the critical 100-day moving average, a sign that bullish sentiment may be strengthening. This breakout marks an important shift in SHIB's market structure.

A prominent Wall Street expert has weighed in on Shiba Inu (SHIB) reaching $0.01, noting that with its current price at $0.000012, such a surge would require an 85,800% increase, a challenge despite ongoing token burns. Meanwhile, crypto whales are doubling down on Mutuum Finance (MUTM), currently in its presale at $0.

A recent report published by the on-chain data aggregator CryptoQuant shows that the second largest meme cryptocurrency, Shiba Inu (SHIB), has faced a massive decline in one of its key metrics – the SHIB reserve stored on crypto exchanges.

"I'm sure he will have a lot to talk about once he returns to socials," LUCIE stated.

Despite being incredibly diverse and varied, the cryptocurrency market often tends to end up in a ‘winner takes all' scenario.

As fresh data points to a sharp drop in whale activity, Shiba Inu is still having trouble on the market. Large-holder inflows have decreased by an astounding 85% in the last week, according to the most recent on-chain metrics, indicating a precipitous drop in investor confidence.

Shiba Inu (SHIB) burn rate shot up 50,000% in the past day with a massive 13 million tokens being removed from the circulating supply.

Shiba Inu (SHIB) has been on a downtrend because of a bearish sentiment in the broader crypto market. However, analysts are bullish that Shiba Inu price could be on the verge of a breakout that could lead to 2x or 3x gains.

Shibburn blockchain data aggregator spreads the word about a massive five-digit increase in the burn rate over the past day.

Shiba Inu burn rate once again propelled significant investor optimism by gaining over 1500% on Monday. The latest burn metrics signaled that roughly 13 million coins were ditched from the crypto's circulating supply intraday.

The burn rate of Shiba Inu (CRYPTO: SHIB) has skyrocketed by over 62,000%, resulting in the removal of 505 million SHIB tokens from circulation within a single day. What Happened: The burn rate of Shiba Inu surged by an astounding 62,000%, leading to the permanent removal of 505.6 million SHIB from circulation.

They were said to be dead, those brave SHIB. But the team is barking, burning tokens in batches and preparing a revenge that could bite much harder than expected.

Large holders are leaving the market at an alarming rate, which is a worrying trend for Shiba Inu. Recent data shows a startling 70% drop in whale transactions, pointing to a significant change in institutional and high-net-worth investors' attitudes.

Shiba Inu's price action in the past 24 hours has been characterized by a brief recovery after hitting a low of $0.00001237. This 24-hour price recovery is part of a 15% recovery after Shiba Inu reached a low of $0.00001102 on March 11, which is its lowest point in over a year.

Shiba Inu (SHIB) is once again attempting to recover lost ground, but strong resistance and an ongoing downtrend continue to limit its upside potential. Currently hovering around $0.000012, this level has acted as a crucial support zone in recent months.

The official SHIB social media marketing expert, known to the community under the pseudonym Lucie, has addressed the SHIB army. Her message was particularly aimed at those who have been criticizing and underestimating SHIB and its layer-2 solution, Shibarium.

Shiba Inu (SHIB) is gearing up for a massive 150% surge, with analysts pointing to growing whale accumulation and bullish market sentiment. As SHIB gains momentum, another rising star, Mutuum Finance (MUTM) is emerging as a potential safe haven and a hidden gem still flying under the radar at $0.

Shiba Inu price has been stuck in a downtrend for 100 days, which has raised concerns among investors about when the meme coin could stage a comeback. With selling pressure, dominating the market, SHIB is struggling to regain momentum, thus the question, when will the meme coin end its 100 day price downtrend.

The price of Shiba Inu (SHIB) is recovering after breaking above the $0.00001100 support twice.

The weekend has begun with the market bounce off, according to CoinStats.

Shiba Inu's layer-2 blockchain, Shibarium, is nearing a key milestone as the total number of blocks is set to hit 10,000,000. This remains significant for the Shiba Inu ecosystem, reflecting the network's growing adoption.

The cryptocurrency market finally recovered after losing nearly a trillion in the earlier crash. However, not all crypto tokens are worth holding, and investors should focus on the best one to benefit from amid these changing market sentiments.

Shiba Inu (SHIB) whales are showing initial signs of awakening, according to on-chain data. According to IntoTheBlock data, Shiba Inu's large transaction volume, an indicator that signals whales' activity, has increased by 72.48% in the last 24 hours, reaching $20.85 million, or 1.63 trillion SHIB.

The cryptocurrency market has continued to consolidate over the past couple of days. Despite this development, traders, particularly meme coin holders, remain optimistic about the future.

Shiba Inu's lead ambassador, Shytoshi Kusama, has been silent on social media since early March, leaving netizens to ponder over what the pseudonymous marketer and the decentralized crypto's developers are up to.

Shiba Inu price garnered significant investor attention on Saturday, surging against the backdrop of a weekly SHIB burn saga. The latest burn metrics by the coin's community indicated a staggering 535 million tokens destroyed in the past 7 days.

Shytoshi Kusama, the enigmatic Shiba Inu lead, has remained silent on X, bringing his social media presence almost down to zero.