Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.

Historically, Shiba Inu and Dogecoin have moved in tandem. For SHIB to break out, it needs to leverage this dynamic.

At $0.000019, a significant resistance level that has established itself as a formidable obstacle for the meme coin, Shiba Inu is presently having difficulty breaking through. SHIB's upward momentum has been capped by this resistance, which has caused it to oscillate within a small range.

Recently, Shiba Inu (SHIB) has exhibited promising momentum, thereby attracting the attention of both investors and traders. After achieving a significant 30-day high, SHIB has embarked on an upward trajectory, leading many to speculate about its potential to attain new heights—perhaps even its all-time high (ATH).

A Shiba Inu (SHIB) whale has transferred 597 billion tokens, valued at over $11 million, stirring excitement and concern in the crypto community. As SHIB nears a key resistance, market watchers are weighing the potential for a bullish breakout or a bearish turn in response to this whale activity.

Popular meme-inspired cryptocurrency Shiba Inu (SHIB) saw its quotes rise by 17.82%, reaching a multi-month high at $0.0000199. However, as the token approaches the crucial $0.00002 price mark, a major obstacle may be standing in its way.

Following a 10% rally on Wednesday, Pepe (CRYPTO: PEPE) has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains. What Happened: Crypto analyst Bluntz remarked that "frogs are back in fashion" looks like frogs are back in fashion, $pepe downtrend break with volume.

In the wake of a bullish Trump election win, an influx in trading volume has sent Shiba Inu's token-burning mechanism into overdrive, axing over 53.3 million SHIB and stoking rally hopes. The post Shiba Inu Burn Rate Soars 3,674% in 24 Hours – Is a Massive Rally Next? appeared first on Cryptonews.

The market structure on the daily chart is still bullish, and the OBV has made higher lows in the past five weeks.

A recent on-chain transaction showed that 597 billion SHIB tokens worth more than $11 million have been moved from an unidentified whale address.

Shiba Inu price could follow Dogecoin's footsteps and rise by 4X after SHIB whale accumulation skyrocketed by over 7,000% in the past 7 days. Whale accumulation is a signal that large investors are confident in the crypto asset and are anticipating that the price will move up in the future.

On November 6, Shiba Inu saw a 3674% increase in its burn rate, with 53.31 million SHIB tokens removed from circulation. This massive burn, spearheaded by a single address, has lifted market sentiment, suggesting positive price momentum as optimism swells across the crypto market.

Shiba Inu (SHIB) recently witnessed a significant increase in its burn rate, surging 3,674% on U.S. presidential election day. Interestingly, this spike has come amid reignited interest in the SHIB price.

Optimism toward the popular dog-themed meme coin, Shiba Inu, is gaining traction following a recent price rebound at the beginning of the week triggered by a positive market sentiment. Despite recent price fluctuations, several analysts are confident that SHIB is still capable of a short-term rally.

Shiba Inu (CRYPTO: SHIB) is up 2% in Wednesday trading and continues to burn tokens, fueling trader speculation about positive price action on the horizon. What Happened: Data from Shibburn shows Shiba Inu's burn rate increasing by 3,674%in the past 24 hours.

Crypto markets cheered Donald Trump's win by pushing Bitcoin to a new all-time high above $75,000, signaling the start of the next leg of the uptrend.

Dogecoin and the Shiba Inu price have recorded double-digit rallies in the last 24 hours, up 25% and 10%, respectively. The foremost meme coins have witnessed these massive price rallies thanks to developments in the US election, which present a bullish outlook for them.

Today marked not only a new all-time high for Bitcoin but also a major breakout on the Shiba Inu (SHIB) price chart. According to Binance, the popular meme-inspired cryptocurrency "shot up" 11.44% today, going from $0.00001785 to $0.0000199.

Shiba Inu's price held steady on Wednesday as most meme coins bounced back, with a golden cross pattern nearing. Shiba Inu (SHIB), the second-largest meme coin, rose to $0.000020, marking an 82% increase from its lowest level in August.

Shiba Inu (SHIB) surprised the crypto world with a massive burn rate spike of 3,674% in just one day. With over 53 million SHIB tokens sent to burn wallets, this effort is a big step in Shiba Inu's mission to reduce its circulating supply.

After facing recent volatility and liquidations summing up to approximately $350 million, Bitcoin price is now settling at $73,000. With this in mind, investors are searching for potential alternatives that could earn them good profits.

The price of Shiba Inu (SHIB) has risen above the moving average lines for the fourth time as it recovers from the low of the chart. SHIB is currently trading above the moving average lines.

Shiba Inu (SHIB), the second-largest memecoin by market capitalization, has seen an 8% daily surge following Bitcoin's surge to $70,000. Amid the market volatility, the token is trying to recover a key resistance level, which could propel the price to a 110% rally.

Amid a remarkably bullish market on Tuesday, the SHIB meme cryptocurrency once again nabbed substantial investor attention by displaying a whopping surge in its burn rate. Recent stats indicate that the Shiba Inu burn rate witnessed a remarkable 3674% uptick, projecting bullish market sentiments on the coin's future price movements.

Shiba Inu (SHIB) price, a popular meme cryptocurrency, has seen a significant uptick in price amid a broader market recovery following the recent U.S. elections. The post-election market uplift has invigorated the crypto sector, positioning SHIB to capitalize on the strengthened outlook following former President Trump's win, sparking renewed activity across the digital asset landscape.

Shiba Inu (SHIB), the popular memecoin, is back in the news after a crypto expert issued a bold projection predicting a tenfold growth in its market capitalization. Zach Humphries outlined certain hopeful variables that might propel SHIB to a market capitalization of $100 billion, bringing its price to $0.000171—a whopping 890% increase over present levels.

Shiba Inu (SHIB) is in the spotlight in the meme coin world today as its most important metrics are in the positive zone. In particular, the SHIB burn rate has skyrocketed by 3,674% in 24 hours, sending 53,312,864 SHIB to dead wallets.

Shiba Inu's Shibarium layer-2 scaling solution is back at near-full capacity, driving renewed investor interest and increased network activity.

The value of Pepe remains under pressure, while the S.H.I.B. initiative aims to make the United States a hub for blockchain.

Strong momentum in the asset's price action is indicated by Shiba Inu's notable 30-day high. Investors have taken notice of this upward trend and many are now speculating about whether SHIB can continue to rise and possibly reach its all-time high (ATH).

Shiba Inu (CRYPTO: SHIB), the second-largest meme coin by market capitalization, surged Tuesday night, joining the broader market rally pinned on Donald Trump's increased odds of victory. What happened: The popular dog-themed cryptocurrency spiked over 10% in the last 24 hours, taking its market capitalization past $11 billion.

Shytoshi Kusama, Shiba Inus lead, has introduced the S.H.I.B. initiativea high-stakes proposal to transform the U.S. into a global blockchain leader.

Shiba Inu (SHIB) is charging ahead with a 40% rise in trading volume, signaling revived bullish momentum as it nears a golden cross formation. This potential technical breakout could spark further gains, with SHIBs price currently up 6.1% to $0.0000179.

Around $68,685, the price of Bitcoin is beginning to show indications of a possible reversal, suggesting a fresh upward trend toward or perhaps above the $70,000 mark. Following resistance close to recent highs, Bitcoin has consolidated steadily, indicating that buyers may regain control for a bullish continuation.

Shiba Inu (SHIB) faced downward pressure on Monday, slipping 1.71% over the past 24 hours to $0.00001678 amid broader market consolidation.

SHIB's detailed proposal to Kamala Harris & Donald Trump on election day accelerates a 8% rally for the canine crypto.

Shiba Inu (SHIB) price is showing signs of potential growth, with multiple indicators suggesting room for an upward trend. After 5% gains in the last 24 hours, the 7-day MVRV metric highlights that SHIB holders are near break-even, reducing immediate selling pressure and allowing space for further gains.

Pseudonymous crypto trader Nachi has voiced strong confidence in Donald Trump winning the presidential election, resulting in a bullish outlook for AI-driven meme coins, particularly Goatseus Maximus (CRYPTO: GOAT). What Happened: The trader highlighted on X that Solana (CRYPTO: SOL) meme tokens like Popcat (CRYPTO: POPCAT) and Dogwifhat (CRYPTO: WIF) have recently corrected to attractive buy levels.

Here's the latest threat for SHIB users.

Bitcoin's resilience may keep crypto unaffected by the 2024 US election. Economic trends, and not political shifts, drive crypto growth and long-term value.

Bears are not going to give up so easily, according to CoinStats.

The role of artificial intelligence in price forecasts

Today, the SHIB price appears to breathe new life with a reversal of its recent downtrend, reigniting anticipations of a bullish golden cross. The post Shiba Inu's Golden Cross Faces Resistance – What SHIB Traders Need to Know Now appeared first on Cryptonews.

TL;DR The creation of a strategic hub for blockchain innovation in the US, called SHIB, is proposed The plan includes economic incentives, talent development, advanced infrastructure and sustainable practices. The initiative seeks to position the US as a global leader in blockchain technology and sustainable development.

Shiba Inu (SHIB) has seen its fair share of ups and downs in recent weeks, but one technical indicator that traders have been eagerly anticipating—the golden cross—has faced a significant setback. A golden cross, a widely-followed bullish signal in technical analysis, occurs when a short-term moving average (like the 50-day) crosses above a longer-term moving average (such as the 200-day), signaling potential for price momentum to the upside.

The popular meme-inspired cryptocurrency Shiba Inu (SHIB) saw more than 40% growth in trading volume today, according to data from CoinMarketCap. Currently, Shiba Inu tokens have a combined turnover of nearly $400 million on the spot markets.

The Shiba Inu (SHIB) ecosystem is seeing a positive change as Shibarium, its layer-2 scaling solution, is operating at near-full capacity again. This comeback comes after network struggles and SHIB price rebounds, showing that investors and the wider crypto community are regaining confidence.