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?

According to important on-chain metrics, Dogecoin has been exhibiting indications of possible bullish momentum lately. There are not many big selling clusters in the near future that could open the door for swift upward movement, according to the Global In/Out of the Money indicator.

Although data shows Dogecoin (DOGE) dropped by 2.59%, trading at $0.1063, the popular meme cryptocurrency has hidden bullish potential. Within the past 24 hours, DOGE has soared in market volume, climbing 22.78%.

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 price of Dogecoin (DOGE) has fallen between moving average lines since October 1. The negative trend was halted by the 50-day SMA.

Significant activity has been displayed by Shiba Inu, as evidenced by a spike in large transaction volume of 4.1 trillion SHIB over the last day, almost reaching its seven-day peak. The increase in significant transactions is frequently a sign of increased interest from larger holders, or whales, who may have a significant impact on future price movement.

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.

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.

A Tesla Inc (NYSE:TSLA) Cybertruck owner has turned heads by wrapping the electric pickup in a design featuring Dogecoin (CRYPTO: DOGE), the cryptocurrency inspired by internet memes and known for its Shiba Inu dog logo. What Happened: Chris, who goes by “Doge Tipping” on social media platform X, told Tesla Owners Silicon Valley that the combination of two popular internet phenomena – the Cybertruck and the “doge” meme – inspired his unique vehicle wrap.

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.

Billy Markus reiterates that it is not Peter Todd as the HBO documentary claims.

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.

Crypto analyst James has compared Dogecoin (DOGE) and Bitcoin (BTC) and provided insights into what to expect from these major cryptocurrencies in this market cycle. Based on his analysis, the foremost meme coin will likely outperform the flagship cryptocurrency in this bull run.

The new HBO documentary “Money Electric: The Bitcoin Mystery,” which aired on October 8, has ignited intense debate within the crypto community. The film suggests that Canadian Bitcoin developer Peter Todd is Satoshi Nakamoto.

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.

On Wednesday, the crypto market experienced a sudden wave of selling pressure as Bitcoin headed for the $60k breakdown. While most major altcoins followed this downward momentum, Dogecoin showed resilience, posting a 0.4% intraday gain.

The Dogecoin price could soon witness another price rally following a recent accumulation trend from crypto whales. Onchain data shows that these whales have bought billions of DOGE tokens in the last week, which could trigger a price surge for the foremost meme coin.

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.

Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,248 -1.2% Ethereum (CRYPTO: ETH) $2,412 -0.9% Solana (CRYPTO: SOL) $140.6 -1.5% Dogecoin (CRYPTO: DOGE) $0.1087 +1.98% Shiba Inu (CRYPTO: SHIB) $0.00001697 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%.

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.

Meme coin watchers are betting big on Flockerz ($FLOCK), a new kind of meme coin that makes voting and community building both fun and profitable.

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.

XRP and Dogecoin have experienced a slump due to crypto market consolidation over the past week. Despite the recent stability, these two top-10 digital assets show signs of potential gains this October.

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

The Dogecoin price has recovered by 2% in the past 24 hours, returning to $0.1103 as the crypto market loses 1.5% today.

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.

A popular crypto trader thinks one Dogecoin (DOGE) rival could be headed for a breakout soon. The pseudonymous analyst known as Altcoin Sherpa tells his 224,000 followers on the social media platform X that if the Solana (SOL)-based memecoin dogwifhat (WIF) manages to break above the $2.845 range, it could surge toward $3.50.

The market is trading sideways as the rates of some coins remain in the green zone, while others have started going down, according to CoinMarketCap.

Popular meme cryptocurrency Dogecoin (DOGE) is experiencing a new stress test in its growth trajectory. The meme coin's ability to attain new price levels depends on whether it can pass current resistance levels.

Three private banks in Taiwan have expressed interest in offering crypto custodial services, with the initiative expected to begin in the first quarter of 2025.

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.

Billy Markus, who is known on social media as Shibetoshi Nakamoto (a playful reference to Satoshi Nakamoto) and who built Dogecoin in collaboration with Jackson Palmer in 2013 based on the Bitcoin code, has named the person (and his friends) who he believes was most likely the Satoshi Nakamoto, who created Bitcoin.

Bitcoin (BTC) remained muted, registering a marginal decline over the past 24 hours. It continues to hover just under the $62,500 mark.

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.

Billy Markus, who created a Bitcoin parody called Dogecoin together with Jackson Palmer in 2013, has commented on the likely effect of the "Money Electric: The Bitcoin Mystery" documentary that was released by HBO earlier today.

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.