Shiba Inu Price Falls 13%: What’s Next for SHIB Investors?
Shiba Inu (SHIB) experienced a sharp 13% decline in the past 24 hours, falling from a high of $0.000033 to $0.000029. This drop follows a strong rally earlier in the week, where SHIB broke through key resistance levels. Notably, the price previously broke out of a bullish pennant pattern, raising hopes for a sustained uptrend. Market analysts suggest that SHIB’s recent correction may be due to overbought conditions. The Relative Strength Index (RSI) indicates a cooling-off phase as SHIB entered overbought territory during its rally. Despite the drop, on-chain data reveals that 73% of SHIB holders remain profitable at current price levels, signaling that most investors are still in the money. Source: CoinMarketCap Whale Activity Drives Volatility Large holders, or “whales,” have played a significant role in SHIB’s recent price movements. With 74% of SHIB’s supply concentrated among these major players, whale activity has driven both the rally and subsequent sell-off. Over the past week, transactions exceeding $100,000 totaled $1.63 billion, highlighting strong participation from these investors. Related article: SHIB Burns Surge Over 5,000%: Can It Fuel a Price Rebound? SHIB’s next crucial support level sits at $0.000027. If the token holds this level, a rebound could occur, driven by renewed interest from both institutional and retail investors. For SHIB to regain its bullish momentum, it needs to break through resistance levels at $0.000033 and $0.000036. Long-Term Holders Show Confidence Despite the recent downturn, SHIB continues to show strong network activity. A notable 77% of holders have kept their positions for over a year, reflecting confidence in the token’s long-term fundamentals. Related article: Shiba Inu Price Rebounds: Will It Sustain Momentum? While the current correction may signal consolidation, further declines remain possible if selling pressure persists or broader market conditions worsen. Investors should monitor key support and resistance levels closely. A sustained rally could follow if market sentiment improves and support holds, but caution remains essential in navigating this volatile period.
JasmyCoin (JASMY) Holds Key Support Amid RSI Weakness Despite 7.75% Surge in Last 24 Hours
JasmyCoin (JASMY) has experienced a notable pullback after recent gains, but it still holds above important support levels. Despite a decline in momentum, the token remains above the 20 EMA, suggesting that bulls may still have some control. This 24-hour analysis highlights JASMY’s price dynamics, focusing on RSI trends and EMA levels. Price Analysis: Support Levels in Play Over the last 24 hours, JASMY’s price action has fluctuated between $0.02978 and $0.03076. Currently trading at $0.03004, the token is attempting to consolidate near the $0.030 mark. This level is pivotal, as holding above the 20 EMA could set the stage for another potential rally. The RSI Divergence (5, 14) at -7.80 suggests that bullish momentum is weakening. This divergence indicates increased selling pressure, making it critical for bulls to defend the $0.02966 support. If the RSI divergence worsens, JASMY could face additional downward pressure in the short term. Read also: XRP Ledger to Power Reserve Bank of India’s Digital Rupee Initiative EMAs Highlight Key Levels for Bulls and Bears JASMY is currently above the 20 EMA ($0.02966), which is acting as short-term support. The 50 EMA ($0.02871) is the next crucial level, offering stronger support should the price dip further. On the flip side, the 100 EMA ($0.02762) represents a significant safety net for bulls. Breaking above the recent high of $0.03076 could signal renewed bullish interest. Conclusion JasmyCoin is at a critical juncture, with key EMA levels providing essential support. Despite bearish signals from the RSI divergence, the price holding above the 20 EMA offers hope for bulls. JASMY must break above $0.03076 to regain upward momentum, while a failure to hold the 20 EMA could trigger a test of the 50 EMA. Traders should stay alert to price action near these key levels.
Shiba Inu Unveils Christmas Giveaway Plans
The Shiba Inu ecosystem team plans a special Christmas giveaway for its community. Lucie, the project’s marketing lead, revealed the news yesterday, confirming that the team has approved a budget for an “incredible Christmas giveaway.” Dubbed the “Amazing Christmas Bone December,” the event promises significant rewards for participants. Lucie hinted that prizes may include Bone ShibaSwap (BONE), Shibarium’s official gas token, or other related incentives. Although the giveaway hasn’t officially launched yet, the team encourages community members to stay updated. Key Accounts to Follow Lucie urged followers to track updates from Shiba Inu developers Shytoshi Kusama and Kaal Dhairya on X. She also recommended following two Shiba Inu-related projects: TREAT and Shibarium Updates. According to Lucie, staying connected is crucial as the event will be “HUGE.” Related article: Shiba Inu Price Plummets: Can It Regain Bullish Momentum? The announcement sparked excitement among community members. However, some questioned why BONE, rather than SHIB, is the focus of the giveaway. Neither Lucie nor other team members have addressed this yet. The decision may aim to boost BONE’s visibility and adoption during the festive season. BONE’s Market Performance Currently, BONE trades at $0.5378, reflecting a 1.99% daily decline. Despite this, BONE remains up 3.78% over the last seven days and has gained 35.67% over the past month. The planned giveaway could further enhance its market presence. Related article: Shiba Inu Price Rebounds: Will It Sustain Momentum? This Christmas giveaway follows similar initiatives from previous years. Last year’s “Shibarium Giveaway Party” featured collaborations with partners like Bad Idea AI and Welly. The event concluded with the distribution of ten branded blockchain wallets to participants. In addition to holiday giveaways, the team hosted several promotional events in 2024. These include a $2,000 contest for Shibarium users, an airdrop of 500,000 PHIL tokens for SHIB holders, and a raffle offering 300 Shibacals store credits. Shiba Inu’s Christmas event promises excitement and engagement for the community. With substantial rewards at stake, fans eagerly await further updates.
Cardano Faces Resistance: What’s Holding Back the Rally?
Cardano (ADA) has struggled to maintain its position above the $1 mark despite crossing it several times in recent days. According to data from CoinMarketCap, ADA reached a high of $1.11 on multiple occasions but quickly dropped below $1 afterward. These rapid fluctuations highlight the intense volatility in the market. Investors had hoped that ADA would solidify its position above $1, with some predicting a test of the $1.50 resistance level. However, the token’s erratic price action shows that it is facing significant resistance. Broader Market Sentiment Impacts ADA’s Momentum The broader cryptocurrency market’s sentiment appears to be influencing ADA’s performance. Bitcoin’s inability to surpass the highly anticipated $100,000 mark has dampened the outlook for altcoins like Cardano. Related article: Cardano (ADA) Investors Seize $130 Million Opportunity Amid Price Dip Many investors expected Bitcoin’s rally to have a positive spillover effect, boosting other digital assets. Instead, Bitcoin’s stalled momentum has made investors hesitant to increase their exposure to ADA. Without a clear upward trend from Bitcoin, confidence in ADA’s potential rally remains low. Volatility Remains a Key Challenge As of now, ADA trades at $0.9949, reflecting a 2.08% decline in the past 24 hours. The token has experienced significant price swings during this period, hitting a high of $1.03 before dropping to a low of $0.9852. Source: CoinMarketCap Although ADA attempted a rebound, it still struggles to convert the $1 mark from resistance into support. This ongoing volatility signals that the market remains unstable and uncertain. Analysts have used the Fibonacci sequence to predict ADA’s potential price levels during the current bull market. Related article: Cardano Enhances User Experience with Lace 1.17.5 Wallet Update Their projections place $2.453 as a significant target. However, for now, the market’s sentiment does not seem strong enough to push ADA toward this goal. Investors continue to watch for signs of a sustained rally and hope for a positive shift in the coming weeks. Cardano’s delayed rally underscores the influence of broader market forces and the challenges posed by volatility. Until Bitcoin regains momentum, ADA’s path to higher levels remains uncertain.
XRP Targets $2: Bullish Momentum Builds Amid Market Shift
XRP is steadily climbing toward the $2 mark, signaling strong intent to reach its long-awaited target. Despite a generally neutral crypto market, the token has broken out from its bearish flag pattern, igniting fresh bullish momentum. With Bitcoin’s dominance gradually declining, altcoins like XRP now have an opportunity to capitalize on this shift. Currently, XRP trades at $1.45, supported by rising investor confidence and increased trading activity. The recent breakout reflects changing market sentiment, drawing interest from traders anticipating further gains. However, trading volume remains somewhat muted, which could temper the pace of XRP’s rally. Related article: XRP Breakout Looms: Can It Sustain Momentum Above $1.50? Key Technical Levels Support Continued Gains From a technical perspective, XRP has reclaimed support above $1.40, establishing a strong base for its next upward move. Previously, the token encountered resistance at $1.70, which now stands as the next critical level to overcome. Source: CoinMarketCap A successful break above this level, especially with significant volume, could propel XRP toward the psychological $2 barrier. On the downside, the $1.20 support zone remains crucial. If bullish momentum falters, this level may face retests. Despite this, XRP’s outlook remains promising due to the rising popularity of altcoins amid Bitcoin’s waning influence. Cautious Optimism as Volume Holds the Key While market sentiment around XRP is improving, caution is still warranted. The token’s upward movement heavily depends on sustained trading volume and broader market dynamics. Related article: XRP Rebounds Strong: Will It Hit $1.50 Next? External factors could still influence price action, making it essential for investors to remain vigilant. A gradual climb toward $2 appears likely, though a sharp surge will require stronger trading activity to support the move. For now, XRP’s path remains upward, bolstered by a favorable environment for altcoins and growing market interest.
SHIB Burns Surge Over 5,000%: Can It Fuel a Price Rebound?
The Shibburn tracker reported a major surge in SHIB coin burns over the past 24 hours. The community sent 61,468,595 SHIB tokens to “inferno” wallets, removing them from circulation. This effort pushed the burn rate up by an astonishing 5,154%. A single transaction of 48,266,929 SHIB, accounting for nearly 81% of the total burn, fueled this spike. The wallet responsible for this transfer remains unidentified, adding intrigue to the event. Following this, two smaller burns occurred, involving 6,008,171 and 3,938,558 SHIB, respectively. Altogether, these transactions highlight the SHIB community’s ongoing commitment to reducing the token’s supply. SHIB Price Struggles After Brief Surge Despite the burn, SHIB’s price attempted a rally but failed to sustain momentum. Initially, the token climbed by 7.5%, hitting $0.00002652. This marked a peak in a 12% increase since Tuesday. Related article: Shiba Inu Price Plummets: Can It Regain Bullish Momentum? However, SHIB soon dipped by 4.3%, falling to $0.00002539 at the time of writing. The price fluctuation underscores SHIB’s volatile nature despite community-driven supply reduction efforts. SHIB’s Lead Marketer Urges Patience Lucie, Shiba Inu’s marketing lead, addressed the community with a message of patience and perseverance. She discouraged pumping millions into projects or influencer campaigns, emphasizing organic growth. According to her, unless one is a crypto billionaire, the best strategy involves staying committed to long-term goals. Related article: Shiba Inu Price Rebounds: Will It Sustain Momentum? Lucie advised SHIB holders to “focus on doing what you love” and let projects grow naturally. She also cautioned against shady individuals profiting without adding value, urging the community to ignore negativity and continue building. The SHIB community’s dedication to burning tokens highlights its determination to impact the coin’s supply. However, price volatility remains a challenge. As the SHIB team pushes for long-term growth and discourages shortcuts, the community’s patience will likely play a key role in shaping the token’s future.
Dogecoin Battles Key Resistance: Will $0.40 Hold or Break?
Dogecoin (DOGE), the popular meme-inspired cryptocurrency, stands at a pivotal point as it approaches a crucial resistance level. According to crypto analyst Ali Martinez, DOGE is currently battling resistance at $0.40. A sustained breakout above this level could pave the way for further gains, attracting increased buying interest. Martinez highlights that if DOGE manages to hold above $0.40, it could trigger a bullish signal. In this scenario, Dogecoin might aim for $0.43, potentially setting the stage for a stronger upward momentum. Downside Risks: Support Levels to Monitor However, failure to break past the $0.40 resistance may lead to another decline. The immediate support levels to watch are $0.36 and $0.34. Related article: Can Dogecoin Reach $1? Analysts Predict a 120% Surge for DOGE A dip below these points could indicate bearish sentiment, at least in the short term. Such a move might prompt further losses, pushing the price toward the $0.30 mark. Recent Price Action and Future Outlook In today’s session, Dogecoin attempted to breach the $0.40 mark but fell short, hitting intraday highs of $0.399. Despite this, DOGE rebounded, trading at $0.394 at the time of writing—up 4.16% in the last 24 hours. This recovery follows a dip to $0.364 during Tuesday’s sell-off. Over the next few days, traders will closely watch whether DOGE can break above or fall below the $0.40 level. Related article: Dogecoin Struggles at $0.40: Will It Reclaim Its Monthly High? A successful breakout could push Dogecoin to retest its yearly high of $0.48. If bullish momentum strengthens, DOGE might target $0.50 and eventually $0.59. Conversely, a drop below $0.36 and $0.34 could signal a loss of bullish control, triggering a deeper correction. In a positive turn for DOGE, Valour, a cryptocurrency fund issuer, has launched the first Dogecoin exchange-traded product (ETP). This ETP will trade on Sweden’s Spotlight Stock Market, offering both retail and institutional investors regulated exposure to Dogecoin. This development could enhance DOGE’s appeal and provide additional support for its price in the coming months. As Dogecoin hovers near critical levels, traders and investors should remain alert to potential shifts in momentum.
XRP Breakout Looms: Can It Sustain Momentum Above $1.50?
XRP has surged significantly in the ongoing cryptocurrency market rally. The token has already broken through key resistance levels of $1.20, $1.30, and $1.40. Now, it stands on the verge of surpassing a critical milestone at $1.50. Investor optimism and positive sentiment continue driving XRP’s price upward, despite lingering regulatory hurdles. Price Fluctuations Reflect Market Volatility Earlier this week, XRP briefly touched $1.62 before retreating due to market volatility. This correction brought the price down to $1.29, where it struggled to stay above the crucial $1.20 support level. Source: CoinMarketCap The volatility coincided with reports of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s possible resignation, which briefly boosted XRP’s price. XRP’s rebound followed news of a strategic partnership between Ripple Labs and Archax. Related article: XRP Rebounds Strong: Will It Hit $1.50 Next? The collaboration aims to launch a tokenized money market fund, giving investors access to abrdn products through the XRP Ledger. This development reignited bullish momentum, with expectations that XRP could breach $1.50 and potentially test the $2 level if it holds steady. Growing Interest in XRP ETF Fuels Optimism Market sentiment around XRP remains positive. Open interest in XRP futures recently hit $2.6 billion, signaling growing investor enthusiasm. Speculation around a potential XRP exchange-traded fund (ETF) has further fueled optimism. WisdomTree became the latest asset manager to join the race for an XRP ETF, filing its application on November 25. Related article: XRP Price Hits $1.26 Amid Legal Uncertainty and Trump Presidency Hopes Other firms, including 21Shares, Canary Capital, and Bitwise, have also filed for similar products. Many investors expect a regulatory shift that could benefit Ripple Labs after January 20. Anticipation of reduced legal pressure has strengthened support for XRP, with many betting on sustained price gains. If XRP manages to hold above $1.50, it could pave the way for further upward movement, potentially testing new highs in the near future.
Shiba Inu Price Rebounds: Will It Sustain Momentum?
Shiba Inu (SHIB) recorded a slight rise in large transactions, increasing by 5.32% in the last 24 hours. Data from IntoTheBlock shows that the total large transaction volume hit $268.71 million, equivalent to 11.04 trillion SHIB. Despite this increase, SHIB’s price showed only a minor gain of 1.89%, trading at $0.0000247. Whale Activity Remains Cautious Large transactions, typically involving amounts of $100,000 or more, often reflect whale activity. The 5.32% rise suggests cautious reengagement from these large holders. However, this moderate spike falls short of the more significant moves SHIB has seen in the past. Related article: Shiba Inu Price Plummets: Can It Regain Bullish Momentum? Earlier this week, Shiba Inu’s price dipped as Bitcoin fell, prompting investors to secure profits from previous gains. Despite this, the overall crypto market has started to rebound, with SHIB among the assets trading in the green. Price Recovery and Resistance Levels Shiba Inu dropped from a high of $0.00002813 on November 24, facing declines over three consecutive days. However, buyers seized the opportunity to purchase during the dip. SHIB rebounded from a low of $0.00002334 and now trades at $0.0000247. If buyers maintain momentum, SHIB could test resistance levels at $0.00002813. Source: CoinMarketCap A sustained rally might push SHIB towards $0.00003044 and eventually to $0.000032. However, sellers are expected to defend these levels aggressively. If buyers overcome this resistance, SHIB could climb to $0.000045. Related article: Massive 200 Billion SHIB Acquisition: Is Gemini Positioning for a Market Shift? On the downside, the 50-day Simple Moving Average (SMA) at $0.00002087 serves as key support. A break below this level may trigger further declines to the 200-day SMA at $0.0000184 or even $0.000015. While SHIB’s recent price movement remains modest, sustained buying could spark a new rally. Investors continue to monitor whale activity and broader market trends for signs of a stronger recovery.
Shibarium TVL Surges to All-Time High of $8.57 Million
Shibarium, the layer-2 protocol tied to Shiba Inu (SHIB), recently experienced a surge in activity that led to significant milestones. The total value locked (TVL) on Shibarium hit an all-time high (ATH) of $8.57 million, as confirmed by Lucie, Shiba Inu’s marketing lead. This achievement reflects the growing adoption of the platform and increasing user confidence, as more funds flow into the ecosystem. Lucie expressed gratitude to the Shibarium community, acknowledging their support with a heartfelt message: “Thank you, SHIBARIUM FAM.” TVL Experiences a Decline Amid Market Crash Following the ATH, data from DeFiLlama shows a drop in Shibarium’s TVL, which now stands at $4.58 million. Analysts attribute this decline to a recent market flash crash, affecting the broader crypto market. Despite the dip, the community continues to stake funds across multiple projects, maintaining active engagement within the ecosystem. Related article: Shiba Inu Price Plummets: Can It Regain Bullish Momentum? Shiba Inu remains the largest contributor to Shibarium’s TVL, accounting for $3.06 million. Other projects like WoofSwap and ChewySwap trail behind with $875,270 and $497,016, respectively. Additional contributions come from platforms like MARSWAP, DogSwap, Mint Club V2, and PunkSwap, which collectively support Shibarium’s growth. User Engagement on the Rise The network has seen a sharp increase in active wallet addresses, nearing the 1.9 million milestone. This rise indicates greater user participation within the Shiba Inu ecosystem. Many of these new wallets have likely staked funds, contributing to the earlier record-breaking TVL. Related article: Shiba Inu Gains 3.5%: Is a Breakout Imminent? The drop in Shibarium’s TVL correlates with SHIB’s recent price decrease. Earlier in the month, Shibarium’s growth aligned with a rebound in SHIB’s value. However, SHIB has since fallen by 8.03% to $0.00002392, and trading volume has dropped 9.92% to $1.48 billion. This decline underscores the challenge of maintaining investor interest amid fluctuating market conditions.
