Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level?
Shiba Inu (SHIB) faces a critical moment as on-chain data highlights significant risks to the token’s future. The 67 trillion SHIB support level, closely tied to high transaction volumes and market stability, appears increasingly fragile amid a bearish market. Struggling Below Key Support Levels SHIB has failed to maintain crucial support levels on the daily chart. The token recently dropped below its 50 EMA, a key indicator of market strength, and now trades near $0.0000222. The 200 EMA, typically the last line of defense for bullish momentum, is dangerously close. Source: CoinMarketCap If SHIB loses this level, the price could tumble further, targeting $0.0000204 or even lower. This threatens to erase most of the gains from its prior bullish rally. On-chain metrics paint a concerning picture. Related article: Shiba Inu Battles Resistance: Will It Break Through $0.000027? Large transaction volumes have sharply declined, indicating reduced interest from whales and institutional investors. Profitability metrics also show that most SHIB holders are currently at a loss, further contributing to bearish sentiment. Risks of Panic Selling Breaking important support levels could trigger panic selling, potentially creating a cascading effect. As selling pressure mounts, the 67 trillion SHIB level may vanish, adding to the asset’s downward spiral. This level not only represents a psychological threshold but also serves as a crucial technical indicator for market stability. Related article: Shiba Inu Profitability Drops: What It Means for the Future Despite the bearish outlook, SHIB still has a chance to recover. If the token bounces off the 200 EMA and enters oversold territory on indicators like the RSI, speculative buying could drive a recovery. In such a scenario, the 50 EMA at $0.0000250 and the psychological barrier at $0.0000300 would become immediate resistance levels to watch. Investors should monitor SHIB’s volume and key support zones closely. A stable recovery at these lower levels could attract new buyers, providing hope for a turnaround. However, the risk of further losses remains high if selling pressure persists.
Ripple Pushes Crypto Growth with 17 Million RLUSD Transfers
Ripple’s newly launched RLUSD stablecoin has seen significant movement in the last 12 hours. According to data from the Ripple Stablecoin Tracker on X, nearly 20 million RLUSD was transferred across almost a dozen transactions. These transfers occurred shortly after minting, reflecting Ripple’s growing efforts to expand its stablecoin presence. Ripple Treasury Leads the Transfers Ripple Treasury minted nine batches of RLUSD and moved them through wallets marked as “unknown” to anonymous destinations. The largest transfers included 3,000,000 RLUSD and 2,999,990 RLUSD, while smaller amounts moved 1,201,088 RLUSD and 500,000 RLUSD. These wallets, likely affiliated with Ripple Treasury, facilitated the transfers just days after the stablecoin’s official launch. Last Friday, Ripple moved 10 million RLUSD in just one hour. Related article: XRP Loses Position as Third-Largest Crypto Amid Stablecoin Delay These transfers occurred in one-million-lump transactions, with some sent to the Uphold exchange in Lithuania. Ripple has actively promoted its new stablecoin, with top executives highlighting its potential to revolutionize the market. Community Buzzes with Optimism Ripple’s actions have sparked excitement among crypto enthusiasts. Many speculate about XRP’s price surge, posting optimistic predictions like “$5.89 XRP” and “XRP at $20.” Others humorously discussed the impact of RLUSD and related cryptocurrencies on their lives. Related article: Ripple’s RLUSD Stablecoin Gains Traction, XRP Hits New Highs Meanwhile, comparisons to other cryptos like USDT and SHIB have also emerged, with users commenting on Tether’s stability and Shiba Inu’s potential rally. XRP, Ripple’s fourth-largest cryptocurrency, has shown resilience. The coin recently gained 4.2%, trading within the $2.23 range since Saturday. XRP aims to break through resistance at $2.23674 and reclaim its previous high near $3. Ripple’s momentum, combined with RLUSD’s activity, continues to keep the market intrigued.
XRP Consolidates Near $2.24: Is a Major Move Imminent?
XRP has recently experienced a noticeable drop in volatility, trading within a bearish flag pattern. The price currently hovers around $2.24, reflecting market indecision. Neither bulls nor bears have made decisive moves, resulting in a calm price action and low trading volumes. Bearish Flag Signals Market Equilibrium On the daily chart, XRP displays a bearish flag, a continuation pattern typically seen during downward trends. While this may seem negative, the absence of a breakout in either direction suggests the market is currently balanced. Related article: XRP Breakout Expected Above $20, Analyst Predicts Traders are waiting for stronger signals before making significant bets. The narrow price range and reduced activity often signal hesitation among traders. However, declining volatility could indicate a lack of buying interest. Source: CoinMarketCap If XRP breaks below the $2.20 support level, lower targets at $1.69 and $1.38 may come into play. Such a scenario aligns with the bearish flag’s continuation pattern, which often points to further declines. Potential for Bullish Reversal Remains Despite the bearish technical pattern, low volatility can also signal the potential for a major price move. If market sentiment shifts positively, XRP could break above the flag’s upper boundary at $2.40. In such a case, the price may target previous highs near $2.80. This highlights the importance of monitoring the consolidation phase as a possible turning point. Related article: XRP Holds Steady Amid Volatility: Can It Break Past $2.50? The current phase indicates that the market is waiting for a catalyst. Whether the next move is upward or downward, this consolidation serves as a buildup to XRP’s next significant price action. Investors should closely watch for volume spikes and directional breakouts, as these are key indicators of what lies ahead. For now, XRP remains in a critical holding pattern, with both risks and opportunities on the horizon.
Shiba Inu Battles Resistance: Will It Break Through $0.000027?
Shiba Inu (SHIB) continues to face hurdles in sustaining an upward trend, as Bitcoin’s price stagnates below the critical $100,000 mark. Currently, SHIB is trading at $0.00002172, reflecting a 1.39% decline over the last 24 hours, according to CoinMarketCap. Recent data highlights contrasting trends within the Shiba Inu ecosystem. Trading volume dropped sharply by 21.39%, while the burn rate surged by an impressive 404% overnight. This volatility underscores the uncertainty surrounding SHIB’s short-term prospects. Key Sell Wall at $0.000027 A significant sell wall looms over SHIB, posing a critical challenge to its price momentum. Data from IntoTheBlock reveals that approximately 73.96 trillion SHIB faces resistance near the $0.000027 price level. Meanwhile, SHIB struggles to surpass the smaller $0.000023 mark, where 36,810 addresses collectively acquired 56.62 trillion SHIB. Source: IntoTheBlock These holdings could trigger massive sell-offs if prices rise to this level, further complicating SHIB’s recovery. Investors must resist the urge to liquidate during ongoing market uncertainty for SHIB to maintain its growth. Related article: Shiba Inu Profitability Drops: What It Means for the Future If sellers remain cautious, SHIB could push past the $0.000027 resistance. However, breaking through this level remains a formidable challenge that could stall the token’s upward momentum. Role of Whales in Sustaining Growth Shiba Inu’s future trajectory heavily depends on Bitcoin’s price action. If Bitcoin attempts to surpass its all-time high of $108,000, the resulting market enthusiasm could catalyze a bullish rally for SHIB. Despite a slowdown in large transaction activities, SHIB whales have played a crucial role in maintaining the token’s momentum. Related article: Shiba Inu Burns 131.2 Million Tokens, But What’s the Real Impact? Over the past week, the number of active SHIB whales has increased, showcasing their confidence in the token. Shiba Inu’s low price continues to attract investors seeking long-term opportunities. If the broader SHIB community and the 213 addresses holding at the $0.000027 level refrain from selling, the token could potentially reach $0.00003 in the near future. With disciplined investor behavior, SHIB could overcome current obstacles and reclaim its upward trajectory.
Ripple CTO Sparks XRP Price Surge Debate with Cryptic Tweet
Ripple’s Chief Technology Officer (CTO), David Schwartz, recently stirred a heated debate within the XRP community through a single tweet. The discussion revolved around the potential price surge of XRP, the fourth-largest cryptocurrency by market capitalization, which had already jumped nearly 13% over the weekend. Schwartz Highlights Phrase Tautology Schwartz shared an image of a plastic can labeled “Pre-Mix Bubble Solution,” promising “10x times the bubbles.” His focus, however, was on the redundancy in the phrase “10x times,” suggesting it should simply read “10x” or “10 times.” The playful tweet prompted XRP enthusiasts to speculate whether Schwartz was hinting at XRP reaching $10 or experiencing a tenfold price increase. Related article: XRP Holds Steady Amid Volatility: Can It Break Past $2.50? The tweet quickly ignited conversations on social media. Community members debated XRP’s potential price trajectory, particularly if it undergoes a 10x increase. Some viewed the tweet as symbolic, linking it to the cryptocurrency’s future milestones. Whale Alert Reports Massive XRP Transfers Meanwhile, Whale Alert, a blockchain tracker monitoring significant cryptocurrency movements, reported substantial XRP transfers over the weekend. Ripple moved approximately $200 million worth of XRP, split into two transactions of 50 million XRP and 40 million XRP. The funds, valued at $111.7 million and $89.6 million respectively, went to unidentified cryptocurrency wallets. Earlier, Whale Alert recorded additional XRP transfers totaling 182 million XRP. These included amounts of 99.9 million, 52.7 million, and 30 million XRP, cumulatively valued at $411 billion in fiat. These high-value movements raised eyebrows, prompting further speculation about Ripple’s intentions. Related article: Why XRP May Never Achieve a $1,200 Price Target: Analyst Predicts Crypto analyst Ali Martinez identified $2.20 as a crucial price level for XRP. He predicted consolidation around this point before attempting to breach the $2.70 resistance. However, if XRP loses the $2.20 support, he warned the price could dip to $1.96. Currently, XRP trades at $2.20, showing little movement. This follows a sharp decline last week when XRP plummeted 28%, falling from $2.71 to $1.96. Investors remain watchful, closely monitoring XRP’s next move.
Shiba Inu Profitability Drops: What It Means for the Future
Recent on-chain data reveals a tough period for Shiba Inu (SHIB) investors, with 43% of holders currently at a loss. Only 53% of SHIB investors enjoy profitability, highlighting challenges in the asset’s market trajectory. Profitability metrics, a key reflection of market health, point to growing concerns over SHIB’s performance. Decline in Large Transactions Signals Weak Momentum Large transactions involving SHIB have dropped by 60.9% in the past week, signaling reduced activity from whales and institutions. This decline significantly affects bullish momentum, as these players typically drive major price surges. Without their involvement, SHIB’s potential for recovery faces additional hurdles. Source: CoinMarketCap Major players control 73% of SHIB’s total supply, leaving the asset prone to sharp price swings. Currently, SHIB trades near the 100-day Exponential Moving Average (EMA), a critical support level. Related article: Shiba Inu Burns 131.2 Million Tokens, But What’s the Real Impact? A breach of this level could trigger further losses, potentially testing the 200 EMA. On the upside, resistance at $0.000023 remains key. Breaking this resistance might spark bullish sentiment, though current market conditions suggest this is unlikely in the near term. Slowing Network Growth Raises Concerns SHIB’s network growth shows troubling signs, with fewer new wallet activations. This indicates declining interest from new investors, a crucial factor for sustaining momentum in speculative markets. Additionally, community engagement on platforms like Telegram has slightly dropped, reflecting waning enthusiasm among supporters. Related article: Massive Transfer of 400 Billion SHIB from Early Whale Shocks Major US Exchange SHIB needs a shift in market sentiment to regain stability. Increased whale activity, stronger network growth, or a decisive break above resistance levels could help reverse its fortunes. For now, cautious optimism may be the best approach for SHIB holders. Investors should closely monitor the $0.000020 and $0.000023 price zones, as these levels could shape SHIB’s near-term outlook.
XRP Holds Steady Amid Volatility: Can It Break Past $2.50?
Despite ongoing market turbulence, XRP continues to display remarkable strength. While the asset has lost some of its previous upward momentum, it remains in a more favorable position compared to its pre-bull run phase. XRP’s price movement reveals a struggle to sustain a breakout above a descending price channel. This lack of momentum led to a pullback, with XRP now trading near the $2.14 mark. Key Support and Resistance Levels The 50-day Exponential Moving Average (EMA) plays a pivotal role as a support zone, aligning closely with XRP’s current price. This alignment highlights the significance of the $2.10-$2.14 range, where XRP’s consolidation indicates market indecision. Related article: XRP Price at a Crossroads: Can It Reclaim Bullish Momentum? However, the absence of a sharp sell-off below key support levels suggests bearish pressure may not be as intense as it seems. The 100-day EMA, positioned at $1.56, stands as a crucial support marker. Source: CoinMarketCap If XRP’s price declines further, this level could serve as a potential target. On the upside, a rebound from the $2.10-$2.14 range could signal a rally toward the $2.50 resistance level. Surpassing this resistance would pave the way for a possible move toward the $3.00 mark. Spot Trading Signals Lower Leverage Unlike some other assets, XRP has not faced significant liquidations. This indicates a relatively low level of leveraged trading, suggesting that spot trading is the primary driver of its market movements. This shift could signal a more stable foundation for XRP’s long-term growth potential. Related article: Why XRP Price Is Dropping Amid Broader Market Selloff XRP’s future hinges on its ability to maintain key support levels and revive its bullish momentum. A successful climb above $2.50 would open the path to $3.00 as the next target. However, a failure to hold the $2.14 level may result in further declines, with $1.90 and $1.56 serving as key support zones. While XRP faces market headwinds, its current setup highlights its resilience. If it holds its support and attracts fresh buying interest, it could regain momentum. For now, traders and investors must remain patient and watch how XRP’s next move unfolds.
Shiba Inu Burns 131.2 Million Tokens, But What’s the Real Impact?
The SHIB community has successfully burned 131.2 million Shiba Inu (SHIB) tokens, according to data from the Shibburn tracking platform. This effort aimed to reduce the token’s circulating supply. However, the burn coincided with a 10% drop in SHIB’s market price, raising concerns about its overall impact. Despite the large token removal, the weekly burn rate declined by 67.29%, as revealed in a recent tweet. Daily Burn Rate Shows Improvement On a more positive note, the daily SHIB burn rate surged by 69.28%, but the total amount burned was significantly smaller. Only 6,181,175 SHIB tokens were sent to a dead-end wallet through eight burn transactions. The largest burns included 2,874,467, 1,701,750, 1,463,776, and 1,000,000 SHIB tokens, showcasing active community efforts to limit supply. Since its inception, the SHIB community has transferred a total of 410.7 trillion SHIB tokens to unspendable wallets. Related article: Shiba Inu Whale Sells 250 Billion SHIB Worth $6.05 Million Meanwhile, 584.1 trillion SHIB remain in circulation on the cryptocurrency market. These figures highlight the ongoing attempt to control the token’s supply and, by extension, its market value. Early Whale Sells Massive SHIB Holdings An early SHIB investor, who initially purchased over 15 trillion SHIB four years ago, recently sold two substantial batches totaling 650 billion SHIB. The larger transaction involved 400 billion SHIB, valued at $9.69 million, which was sent to the Gemini crypto exchange. The smaller batch of 250 billion SHIB was also sold, but its destination remains unknown. After these sales, the whale’s SHIB holdings have dropped to approximately 2 trillion SHIB, worth about $48.54 million. Related article: Analysts Identify Bullish Potential for Shiba Inu (SHIB) to Surge to $0.000070 SHIB’s price dropped by 10% in the past 24 hours, falling from $0.00002617 to $0.00002338. However, it has since recovered by 4.27%, trading at $0.00002440. This decline followed the broader cryptocurrency market’s reaction to Bitcoin’s sudden plunge. Bitcoin’s drop below $100,000 occurred after Federal Reserve Chair Jerome Powell announced a smaller-than-expected interest rate cut of 25 basis points instead of the anticipated 100 basis points. This shift triggered a ripple effect across the entire crypto market, affecting tokens like SHIB. While the SHIB community’s efforts to reduce token supply remain active, the impact on price appears mixed. The massive whale sales and broader market trends, including Bitcoin’s decline, have added to the uncertainty surrounding SHIB’s future price movements. The SHIB community’s ability to maintain a steady burn rate and limit major sell-offs could play a critical role in shaping the token’s long-term value.
Shiba Inu Whale Sells 250 Billion SHIB Worth $6.05 Million
A major Shiba Inu (SHIB) whale recently sold 250 billion SHIB tokens, valued at $6.05 million, triggering concerns in the market. This move came as part of a broader trend of large-scale liquidations that could impact the overall sentiment of retail investors. The whale first entered the SHIB market on August 6, 2020, with an initial investment of just $3,800. This investment allowed the whale to amass an impressive 15.28 trillion SHIB tokens. At its peak, the value of these holdings surged to a staggering $1.22 billion. Over the course of this period, the whale secured a total profit of $109 million. Despite the recent liquidation, the whale retains 2.15 trillion SHIB, currently valued at around $52.18 million. Market Impact: How Whale Activity Influences Retail Sentiment Large-scale sell-offs like this one often shift retail market sentiment. Whale liquidations tend to increase volatility, especially when prices approach key support levels. Many smaller investors interpret these moves as warning signs, potentially leading to further selling pressure. Related article: Analysts Identify Bullish Potential for Shiba Inu (SHIB) to Surge to $0.000070 SHIB’s price has recently fallen below the 50-day Exponential Moving Average (EMA), a level often seen as a strong support point. This decline underscores a lack of bullish momentum and growing selling pressure. Source: CoinMarketCap SHIB’s current trading price stands at approximately $0.00002408. Analysts have identified the next crucial support levels at $0.00002283 and $0.00002045. A failure to maintain these levels could result in a more significant correction. Importance of Whale Monitoring for Price Forecasting The swift liquidation highlights the need to monitor whale activity for insights into potential price movements. Whales’ buying and selling actions can offer real-time indicators of the asset’s performance, especially in volatile markets like SHIB. Their behavior often precedes major price shifts, making it essential for both new and experienced investors to stay alert. Related article: Shiba Inu Investors on Edge: Will Support at $0.000025 Hold? While Shiba Inu continues to attract interest from DeFi enthusiasts and the meme culture community, the short-term outlook remains uncertain. The whale’s profit-taking move adds further pressure on SHIB’s price. Investors should exercise caution and keep a close watch on whale activity, as it could signal future market trends. For those looking to navigate the unpredictable market, staying informed on these large movements will be crucial to making timely investment decisions.
Shiba Inu Investors on Edge: Will Support at $0.000025 Hold?
The past week has been challenging for Shiba Inu (SHIB) holders as the meme-inspired cryptocurrency saw a sharp price decline. After an impressive 100% surge earlier in November, SHIB’s price dropped approximately 23% over the last nine days, hitting a critical support level at $0.000025 per token. Although the decline may seem alarming, it opens up potential opportunities for investors. The drop, which amounts to less than one-third of the previous rally, indicates a healthy market correction. More importantly, SHIB’s ability to maintain support at $0.000025 suggests it could be poised for a fresh upward move. Related article: SHIB Price Prediction: Analyst Forecasts 150% Rally to $0.000074 Key Support Level Holds Strong The support level at $0.000025 remains crucial for SHIB’s future price movement. Liquidity is heavily concentrated around this area, particularly following the December 10 price drop. Source: CoinMarketCap Traders and investors now view this point as a pivotal zone, with the 50-day simple moving average (SMA) lending further support at this price level. This alignment strengthens the case for a potential rebound. Bollinger Bands Signal Possible Price Movement Technical analysis reveals another key factor to watch—the Bollinger Bands indicator. According to this tool, SHIB’s price could slip to $0.00002456, where the lower band currently sits. While this would represent an additional 4.4% drop, it might not be all bad news. Related article: Shiba Inu Burn Rate Skyrockets by 319,571% – What’s Fueling the Surge? If SHIB finds a local bottom at this level, it would still form a higher low than the one recorded earlier in December. This higher low would keep the bullish bias intact, giving investors hope for an eventual recovery. While SHIB’s recent price action has caused concern among holders, there’s a silver lining. The current correction appears to be part of a healthy market cycle. If the price maintains support at $0.000025 or finds a bottom near $0.00002456, the stage could be set for a bullish resurgence. For now, investors are watching closely to see where SHIB’s next move will lead.
