The price of Shiba Inu (SHIB) has reached a key support level, but ongoing market trends could push it lower. Is SHIB headed for a deeper decline?

With a bullish failure to regain a decisive rally, the top meme coins are facing massive overhead supply pressure. Amid the bear market, Shiba Inu price action reveals a constant struggle to overcome the bearish influence.

The October cryptocurrency market presents opportunities for explosive crypto coin growth. Despite past downturns, several promising coins show potential for significant appreciation, offering the chance to turn a $100 investment into $100K.

The cryptocurrency market has witnessed a notable decline in the prices of popular meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). Over the last 24 hours, SHIB has decreased by 3.72% and is now valued at $0.000016, while DOGE has fallen by 2.5% and is currently priced at $0.106.

Shiba Inu (SHIB) has continued to pursue new growth triggers on the market, this time focusing on its Decentralized Finance (DeFi) ecosystem. When the team launched Shibarium last year, one of the key expectations hinged on its sustained growth to compete with other layer-2 scaling solutions like Arbitrum.

Conor Grogan, head of product business operations at Coinbase, claims that the Federal Bureau of Investigation (FBI) has doxxed its wallet.

Shiba Inu whales have been noticed recently making a lot of moves despite the high volatility of the meme coin right now. Most importantly, these large whales more than doubled their volume in 24 hours, which could have serious implications for the SHIB price.

The Shiba Inu is going through a tumultuous period, far from the past euphoria of meme coins. While its price struggles to break out of a narrow range, the activity of Shibarium, its layer 2 network, is dangerously waning.

The price chart of Shiba Inu has formed a symmetrical triangle, signifying a period of consolidation. Volume has been gradually declining as the price has stabilized, as the volume profile shows.

Shiba Inus burn rate increased by 450%, removing nearly 3 million SHIB from circulation in the last day. The tokens price has surged 32% over the past month, and analysts forecast a potential 30x price increase based on market momentum.

Ki Young Ju, founder and CEO of On-chain analytical platform CyproQuant, is convinced that meme coins can find order and become less chaotic. He made this statement in a post he shared on X, responding to meme coin analyst Murad Mahmudov's predictions.

The market capitalization of meme coins is trading sideways over the last 24 hours, with a majority of established memes like Shiba Inu (CRYPTO: SHIB), Pepe (CRYPTO: PEPE) and Dogwifhat (CRYPTO: WIF) failing to back up their September gains. What Happened: Crypto trader Unipcs highlighted that despite the hype around newer coins, established ones like Dogecoin (CRYPTO: DOGE), Shiba Inu, Floki (CRYPTO: FLOKI), Bonk (CRYPTO: BONK), Dogwifha, and Pepe are poised for a significant rally.

The Meme coins category has continued recording a volatile price action over the past few days. This highlights increased price action for these projects in the market.

Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.

SHIB stuck to the positive market sentiment it has experienced over the last month.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen 1.99 trillion SHIB in large transaction volume, according to data from IntoTheBlock.

Dogs (DOGS) and Notcoin (NOT), two major cryptocurrencies of The Open Network (TON) ecosystem, just finished their first joint token burn event. So far, it looks like the community remains unimpressed by the effects of the action, as both assets are losing value.

Buyers are becoming weaker as most of the coins have returned to the red zone, according to CoinStats.

Shiba Inu price remained in a tight range, underperforming some of the newly minted meme coins like Popcat, Neiro, and SPX6900. Shiba Inu (SHIB) was consolidating at $0.00001718 on Oct.

Considering the trajectory of the token's price, the 435 trillion Shiba Inu cluster has substantial potential. Based on the on-chain data the most active addresses hold SHIB between $0.000016 and $0.000017 and the cluster forms around this narrow range.

After an unexpected price drawdown in the past 24 hours, Shiba Inu (SHIB) is finally getting back to the game. The meme coin project is gradually seeing an uptick in growth metrics, including the burn rate.

Amid the broader market consolidation, the SHIB Price is once again picking up pack gaining over 3% as the Shiba Inu burn rate soared by 450% in the last 24 hours. As a result, more than 2.9 million SHIB coins have moved out of circulation thereby putting an upward price pressure.

The Shiba Inu teams marketing expert, Lucie, has urged the SHIB community to avoid gambling on risky new meme coins, citing an imminent supercycle and the rising dangers of sudden rug pulls. Instead, she emphasized the importance of supporting projects with real-world value.

Shiba Inu (SHIB) is experiencing renewed interest due to ETF speculation and long-term growth projections, but its future price movement remains uncertain and subject to market dynamics.

Shiba Inu (SHIB) was announced by a prominent crypto personality as the most donated meme coin as these type of coins continue to grow in importance for charitable causes. This kind of recognition shows how these digital assets can benefit communities and gain business traction.

SHIB is one of the best-performing cryptocurrencies today (October 9).

Shiba Inu price has been performing well recently, gaining 33.5% in the last 30 days. SHIB broke out of a bullish reversal pattern, and the market anticipates that it will rise even higher as speculation of a Shiba Inu ETF floods the crypto space.

Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu (CRYPTO: SHIB) ecosystem, shared a cryptic post, sparking intrigue and speculation in the cryptocurrency community.

ETFSwap (ETFS) is quickly emerging as the cryptocurrency to watch, with experts predicting that it will outclass popular tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE combined.

The price of Shiba Inu might be currently declining, but an analyst says the meme coin is gearing up for a bullish run as it is currently flashing a buy signal. According to Cantonese Cat, SHIB is now flashing a strong buy signal based on the L3 Banker Fund Flow Trend Oscillator, a relatively lesser-known indicator.

Memecoins are up today and have strongly outperformed the entire crypto market over the last month.

Kraken, one of the leading cryptocurrency exchanges, has listed the cat in a dogs world (MEW) meme coin, according to a Thursday announcement.

Dogecoin and Shiba Inu prices have crashed again following their recent upward trend, which led to significant price gains. These price crashes are primarily due to the current macro environment and market uncertainty, which don't favor risk assets like these meme coins.

Shiba Inu's social media marketing expert, Lucie, has addressed the SHIB community with a message, in which she warned them against “gambling” on new crypto tokens at this particular time.

Shiba Inu is back in the meme coin spotlight with a series of surges. But a price correction seems to be on the way. That turns attention to Shiba Shootout, a hot play-to-earn game centered around a crypto wild west.

Data provided by the Shibburn platform, which tracks transactions targeted at reducing the circulating supply of Shiba Inu, shows a gigantic plunge in the SHIB burn rate that has been observed since yesterday morning.

On-chain analytics platform Lookonchain highlighted traders booking significant profits with Solana (CRYPTO: SOL) meme coin Popcat (CRYPTO: POPCAT), which could go higher still, according to analysts. What Happened: One trader executed eight trades since Aug. 20, all of which have been profitable, resulting in a total profit of over $1 million.

This calculated move from the SHIB trader appears to have paid off and he is now holding an unrealized profit of over 67%.

Just recently, an economist predicted that both Dogecoin (DOGE) and Shiba Inu (SHIB) could reach new all-time highs in the upcoming crypto cycle, drawing attention from investors hoping to capitalize on the incoming success. However, while these well-known tokens are expected to make significant gains, this $0.

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a 109% surge in large transaction volume over the last 24 hours as the market faced profit-taking.

Based on on-chain data showing an increase in whale activity, Shiba Inu looks to be close to a possible recovery. More than three trillion tokens were transferred through major transactions on SHIB in the last day, which represents a notable increase in volume.

Shiba Inu is showing signs that a potential price reversal could be underway. SHIB is currently consolidating after bouncing off important support levels following a protracted downtrend over the previous few months.

A SHIB trader who made history earning $145 million has once again caused up a stir across the broader market, primarily by switching trade positions. On-chain data on Tuesday revealed that the trader swapped his Neiro Ethereum (NEIROETH) holdings for First Neiro on Ethereum (NEIRO), sparking optimism on the token's future price movements.

"As we expected, the chart touched the box and received a bullish reaction from there. Now the rise will accelerate in these weeks," one analyst stated.

Shiba Inu (SHIB) is subtly positioning itself for a potential breakout. Recently, SHIB has risen above its 200-day exponential moving average (EMA), a crucial indicator often signaling a change in market sentiment.

Shiba Inu (SHIB) finds itself in a challenging position. Despite initial signs of recovery following a recent market crash, the digital asset has struggled to gain traction, leading to a persistent downturn in its value.

Doggy-themed meme coin, Shiba Inu (SHIB) could be on the verge of a major market downturn as recent data reveals a major crash in the cryptocurrency's whale transaction volume. This sharp decline in whale activity could have far-reaching implications for its price outlook, hinting at a possible decline.