With its price falling below the crucial 200 EMA, Shiba Inu has had a wild ride lately. Traders were alerted by this move because it implied a possible move into bearish territory.
Traders must be cautious - The CMF showed that capital flows were slightly negative.
Shiba Inu (SHIB) has been consolidating above the critical support level of $0.00002093, struggling to break out and post rallies.
Meme coins have faced intense volatility in the last two weeks. Data from CoinMarketCap shows that the total meme coin market capitalization has fallen below $100 billion, with most of these coins registering double-digit percentage losses in just one week.
Cardano (ADA) has been showcasing a bullish macro outlook, suggesting the crypto is primed for a significant price jump upon breaking out from its current symmetrical triangle pattern.
Shiba Inu debuts its reward token TREAT on three major exchanges amid a dramatic 2,229% surge in SHIB burn rate, signaling potential market implications.
Peanut The Squirrel (CRYPTO: PNUT) has rebounded with a 22% single-day surge but remains down 47% on the month, with traders questioning its near-term potential. Cryptocurrency Price Market Cap 24-Hour Trend 24-Hour Trading Volume Peanut The Squirrel (CRYPTO: PNUT) $0.6217 $621.6 million +24.8% $572.8 million Shiba Inu (CRYPTO: SHIB) $0.3519 $51.8 billion +8.1% $371.9 million Dogecoin (CRYPTO: DOGE) $0.00002138 $12.6 billion +4.9% $3.2 billion Pepe (CRYPTO: PEPE) $0.00001724 $7.3 billion +5.3% $874.01 million Trader Notes: Crypto Bull expressed confidence in PNUT, predicting it's time for the meme coin to reach $1 following its Coinbase listing.
As the broader cryptocurrency market registers an altcoin rally, Dogecoin (DOGE) has taken a staggering lead. The meme coin has soared past other notable assets like XRP, Solana (SOL) and Cardano (ADA), which have all recorded impressive price upticks in the last 24 hours.
The price of popular meme-inspired cryptocurrency Shiba Inu (SHIB) may be on the verge of stunning price action in the coming weeks. In particular, as the Bollinger Bands indicate on the weekly price chart of SHIB, the price of the asset found support at a median level, despite a painful sell-off yesterday.
Most of the coins are back in the green zone today, according to CoinStats.
The Cardano price currently finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction. The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs).
Yoroi, the largest noncustodial wallet for the Cardano (ADA) blockchain ecosystem, shared the details of its 5.0 version. Thanks to new feature-rich integrations, Cardanians do not have to leave Yoroi for crypto-to-cash conversion any longer.
Dog-themed meme coin Shiba Inu (SHIB), has seen its Open Interest soar amid the ongoing rebound on the cryptocurrency market. According to CoinGlass data, 18.64 trillion SHIB worth $399.79 million in outstanding derivatives contracts were opened in the last 24 hours.
"We've already had a call with the RLUSD people. We are actively talking," Cardano's founder said.
As became known thanks to data from IntoTheBlock, the amount of Shiba Inu (SHIB) tokens outflowing from the wallets of large holders in the past 24 hours skyrocketed by a staggering 475%.
Shiba Inu burn rate has surged significantly in the last 24 hours. Over 21 million SHIB tokens have been burned in the last 24 hours, bringing down the circulating supply to create scarcity and mark upticks in price.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are gaining momentum, trading significantly up on Tuesday morning. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3475 $51.3 billion +9.7% -10.1% Shiba Inu (CRYPTO: SHIB) $0.00002133 $12.6 billion +6% -10.1% Pepe (CRYPTO: PEPE) $0.00001721 $7.2 billion +6.6% -15.4% Trader Notes: Crypto trader Kevin highlighted that Dogecoin's price action remains strong as long as it holds above $0.26 within its bullish falling channel.
Cardano (ADA) looks set to reclaim the $1 level, which it slipped from due to market dynamics. This time, the coin might sustain the rally to breach the resistance level drawing on three unique factors in its ecosystem.
The price of Cardano (ADA) has continued to range and has fallen below the moving average lines. Cryptocurrency price analysis brought by Coinidol.com.
Cardano nears a critical juncture as it consolidates at $1 resistance. A Ripple RLUSD integration could boost adoption.
De Cardano koers bevindt zich nog altijd in moeilijk vaarwater. Een daling van meer dan 13% in 7 dagen tijd heeft de Cardano koers tot onder de $1 gebracht.
Shiba Inu (SHIB) currently trades at $0.00002148, reflecting a 5.07% rise in the past 24 hours, lifting its market capitalization to $12.65 billion.
Cardano (ADA) is attempting to recover from a low of $0.8769, currently consolidating near $0.950 with improved technical indicators, while facing key resistance at $1.00.
A widely followed crypto analyst is warning that Ethereum (ETH) rival Cardano (ADA) could suddenly plummet due to one main factor. In a new video update, crypto strategist Benjamin Cowen tells his 857,000 YouTube subscribers that if bad US economic data comes out, ADA may collapse to much lower levels.
Public burn tracker Shibburn has revealed that another large SHIB stash has been transferred to a “virtual furnace” over the past day. The burn rate, respectively, has shown a four-digit rise.
XRP, ADA, and SUI form critical technical setups following a crypto market rebound. XRP eyes $3.30, ADA targets $1.20, and SUI aims for a 150% rally toward $12.40.
Shiba Inu price remains steady this week, reflecting the broader crypto market trend. The SHIB is trading above $0.00002, exhibiting sideways movement.
Shiba Inu has reversed its trajectory above the 200 EMA at $0.00002082, avoiding a critical breakdown. SHIB has proven resilient after testing this crucial support level and enduring a bearish wave, which is much-needed relief for its investors.
Cardano price started a fresh decline below the $0.9550 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level.
Cardano (ADA) could be on the verge of a significant bullish breakout, according to prominent crypto analyst Ali Martinez. Despite facing headwinds from macroeconomic conditions and a recent pullback, Cardano has captured the attention of market experts who believe a bullish trend is imminent.
Cardano founder Charles Hoskinson confirmed today that the blockchain is considering integrating RLUSD, Ripple's new stablecoin.
Kaal Dhariya, a leading developer within the Shiba Inu ecosystem, has strongly refuted claims that the team behind Shiba Inu could still mint Bone ShibaSwap (BONE) tokens, despite prior assurances that the token's supply was fixed. The confusion arose after a claim from a Solidity developer known by the username @shallowhal-i4n, who suggested that the Shiba Inu team could exploit a loophole in the contract to mint additional BONE tokens.
Both XRP and Cardano (ADA) have found themselves on the receiving end due to heavy dumping by whales.
Bitcoin's fall below $90,000 is a negative sign, but the bulls are expected to vigorously defend the $85,000 level.
Cardano (ADA) showed strong resilience on Sunday, trading firmly despite difficulties that saw the ninth-largest crypto asset lose around 9% in the past week.
Eligible KuCoin, Gate.io, and Bitget users will receive millions of TREAT tokens.
Here's why SHIB could escape the bearish territory soon.
The price of leading meme coin Shiba Inu has fallen by more than 10% over the past week. On-chain data suggests that this double-digit price decline has made the meme asset undervalued, presenting a buying opportunity for investors looking to trade against the market.
Dog-themed cryptocurrency Shiba Inu (SHIB) has dropped to the psychological $0.00002 level amid an ongoing crypto market sell-off, stoking questions about what might happen next for the cryptocurrency.
Charles Hoskinson, founder of Cardano, returns to the spotlight after responding to the criticisms of a former employee of Input Output Global (IOG). The discussion touched on key topics such as IOG's ADA holdings, the integration of stablecoin, and the future of the blockchain network.
Shiba Inu (SHIB) is showing signs of a potential price reversal after weeks of decline, with key market indicators pointing toward a possible surge. Despite recent losses, including a sharp 12.31% dip in one week and a 26.72% decline over the month, Shiba Inu is starting to exhibit early signs of recovery.
TL;DR The crypto market loses momentum with drops of up to 9.35% in altcoins like Cardano, reflecting a generalized bearish trend. Bitcoin remains relatively stable with a 3.72% decline, maintaining a market cap of $1.8 trillion. Macroeconomic factors like a strong dollar, rising bond yields, and inflationary pressures are severely impacting risk assets.
Due to its inability to sustain important support levels, Shiba Inu is on the verge of entering a bearish phase. SHIB is currently trading at $0.00002025, below its 200 EMA, which has historically served as a strong support level.
The market seems unlikely to make a reversal, according to CoinStats.
The month of January is nearly halfway through, and the crypto market has had a subdued start to 2025. With Bitcoin struggling to break past the $95,000 mark, altcoins have faced challenges in recovering or posting significant rallies.
The mid-range level at $0.98 has served as both support and resistance over the past six weeks.
Cryptocurrency prices have brought little to no joy in recent days, and the popular meme coin Shiba Inu (SHIB) is no exception. Losing nearly 20% since its January high of $0.000025 is painful to say the least, but as the price chart and the formations on it for SHIB show, this could be just the beginning of misfortune for the popular meme cryptocurrency.