Shiba Inu Struggles Against Resistance at $0.00001605 Despite Historic UAE Partnership
As of February 11, 2025, Shiba Inu (SHIB) is trading at $0.00001605, facing resistance despite achieving a significant milestone. The meme coin remains under pressure, with market sentiment divided between optimism surrounding a historic UAE partnership and concerns over fading speculative interest. Shiba Inu’s UAE Partnership: A Game-Changer for Web3 Integration Shiba Inu has entered into a landmark partnership with the UAE government, signalling a major shift in the national adoption of Web3 technologies. Implementing Shiba Inu’s Operating System™ across all Emirates sets a precedent for blockchain integration in governance, marking a significant milestone for institutional acceptance of SHIB. Shytoshi Kusama, the lead developer of the Shiba Inu Ecosystem, emphasized that this is more than just another crypto collaboration—he describes it as a “nationwide movement” that could influence how governments leverage decentralized technologies. Institutional Interest and Market Sentiment The announcement has triggered heightened discussions across social media, with SHIB-related mentions surging 22% in just 24 hours. However, whale activity has slowed despite this spike in engagement, raising concerns over whether this partnership will translate into sustained institutional investment. Read also: Shiba Inu Holders on Edge as Price Fluctuates: What’s Next? Technical Price Analysis: SHIB Faces Key Resistance As shown in the attached image, the 1-hour SHIB/USDT chart from Binance presents mixed signals about SHIB’s near-term price trajectory. Outlook: Will SHIB Break Through or Pull Back? While the UAE partnership signals long-term bullish potential, the immediate price action suggests SHIB is struggling to break out. A decisive move above $0.00001640, backed by volume, could trigger a rally toward $0.00001700. Conversely, if SHIB fails to hold $0.00001585, the next downside target would be $0.00001550.
Shiba Inu Holders on Edge as Price Fluctuates: What’s Next?
Shiba Inu (SHIB) experienced a turbulent trading session over the past 24 hours, dropping by 1.26% to $0.00001597. Despite the dip, SHIB showed resilience, bouncing back toward $0.00001600 after touching a daily low of $0.00001518. The day’s high of $0.00001611 reflects SHIB’s struggle to maintain momentum in a volatile crypto market. Market Cap and Trading Volume Take a Hit SHIB’s market cap slid 1.26%, settling at $9.4 billion, showing that investors remain cautious. Trading volume also declined, dropping 3.95% to $267.88 million, a sign of reduced activity. The volume-to-market cap ratio at 2.85% suggests moderate liquidity but a lack of aggressive buying pressure. Looking back, SHIB’s all-time high of $0.00008845 on October 28, 2021, seems like a distant memory, with the price now 82% below that peak. Related article: Shiba Inu Falls Below Crucial Support: Is a Recovery Possible? However, the meme coin’s legendary rise from its all-time low of $0.00000000008165 on September 1, 2020, represents an astronomical 19,499,605.99% gain. This reinforces SHIB’s ability to surprise the market. What’s Next for SHIB? With SHIB fluctuating near the $0.00001600 mark, traders are eyeing the next move. If buying pressure increases, SHIB could retest its daily high of $0.00001611, potentially breaking into higher resistance zones. 24 hours price chart- source: CoinMarketCap However, if bearish momentum persists, the coin could revisit the $0.00001550 – $0.00001520 support range. Shiba Inu’s price action reflects broader market uncertainty, but its ability to rebound hints at underlying strength. The dip may present a buying opportunity for risk-tolerant traders, while long-term holders remain focused on SHIB’s ambitious roadmap. As always, the meme coin market is unpredictable—expect the unexpected.
Shiba Inu Falls Below Crucial Support: Is a Recovery Possible?
Shiba Inu (SHIB) has surprised the cryptocurrency market with an unexpected bearish move, diverging from the broader market’s bullish trends. While major assets like Bitcoin and Ethereum continue to rally, SHIB has underperformed, breaking below crucial support levels. This has raised concerns about the token’s outlook and shaken investor confidence. Breakdown Below 200 EMA Signals Weakness The most alarming aspect of SHIB’s performance is its drop below the 200-day Exponential Moving Average (EMA), a key technical indicator for long-term trends. Historically, the 200 EMA has served as reliable support. When an asset falls below this level, it often signals prolonged bearish momentum. Related article: Shiba Inu on the Edge: Can SHIB Sustain the Momentum? In contrast to the wider market’s upward trajectory, SHIB’s inability to maintain its position above this crucial level highlights its weaker position. This divergence not only impacts SHIB’s immediate prospects but also casts doubt on its ability to attract investor interest in the near term. Struggles Around $0.00002000 Level Currently trading near $0.00001999, SHIB is struggling to reclaim the $0.00002000 mark. Holding above this level is critical for any potential recovery. Failure to do so may pave the way for further declines, potentially targeting $0.00001850 or even lower. 24 hours price chart- source: CoinMarketCap The bearish trend is exacerbated by rising sell volume, indicating growing pessimism among market participants. The lack of buying interest further reinforces the downward pressure, creating a challenging environment for SHIB. Related article: Shiba Inu Sees 105% Burn Rate Spike and Price Surge SHIB’s poor performance stands out, especially when the broader cryptocurrency market is thriving. While major assets experience upward momentum, SHIB’s inability to capitalize on these conditions reinforces its weaker standing. This discrepancy may push investors to shift their focus toward better-performing cryptocurrencies, further diminishing SHIB’s appeal. Recovery Hinges on Key Resistance Levels To reverse the bearish trend, SHIB must regain momentum above the 200 EMA and recover the critical $0.00002226 resistance level. A strong rebound at these levels could restore investor confidence and signal renewed interest in the asset. Until such a recovery occurs, the bearish sentiment may persist, warranting caution among traders. SHIB’s performance in the coming days will determine whether it can recover or continue its downward slide. For now, staying cautious and avoiding risky trades around SHIB could help investors safeguard their portfolios. Monitoring these critical levels will be essential for informed decision-making.
Shiba Inu on the Edge: Can SHIB Sustain the Momentum?
Shiba Inu (SHIB) had an intriguing week, marked by fluctuating prices and soaring trading volumes. The week opened with SHIB priced at $0.00002079, quickly climbing to its 7-day high of $0.00002203. This surge came amid a significant 118.41% spike in 24-hour trading volume, reaching $1.58 billion. This increased activity hinted at growing market interest, especially as SHIB held a $12.41 billion market cap. Mid-Week Peaks: Fueling the Rally The rally’s momentum peaked mid-week, pushing SHIB beyond $0.000022 for the first time in weeks. Traders’ optimism stemmed from SHIB’s ability to hold ground above $0.000021 for several days. This level had become a psychological benchmark, driven by anticipation of ecosystem updates and rumors of new utility integrations. 7-days price chart- source: CoinMarketCap However, by the week’s close, SHIB’s value retraced to $0.00002108, representing a slight recovery after dipping to $0.00001977. Related article: Shiba Inu Sees 105% Burn Rate Spike and Price Surge This pullback, despite a weekly gain of 1.02%, underscores SHIB’s ongoing battle with market volatility. Its market cap dropped 4.53%, reflecting broader bearish sentiments as speculative traders locked in profits. Technical Insights: Volume and Supply Dynamics Interestingly, SHIB’s 12.74% volume-to-market cap ratio highlighted the intense trading activity throughout the week. With 589.25 trillion tokens circulating, the pressure to maintain stability remained high. The token’s fixed supply ensures scarcity, but its expansive circulating supply adds a layer of unpredictability. It’s worth noting SHIB’s all-time high of $0.00008845 from October 2021, a far cry from its current levels. Nevertheless, its astronomical rise from the all-time low of $0.00000000008165 (September 2020) reflects its potential for exponential growth. Related article: Shiba Inu: Can It Reclaim Momentum and Attract Bulls? Shiba Inu’s recent performance showcases its resilience, with trading volume and price action offering glimmers of hope for bullish traders. However, with macroeconomic factors and profit-taking influencing short-term trends, SHIB faces hurdles in sustaining upward momentum. Investors will likely watch for ecosystem updates or collaborations to reignite the rally. As it stands, SHIB’s volatility is both a risk and an opportunity for traders looking to ride the crypto wave.
Shiba Inu: Can It Reclaim Momentum and Attract Bulls?
Shiba Inu (SHIB) has experienced a turbulent week, reflecting broader uncertainty in the crypto market. Opening the week at $0.00002165, SHIB witnessed fluctuating momentum as it dipped to a low of $0.0000210 before climbing towards $0.0000220. However, price swings were pronounced, keeping traders on edge. The token’s current value sits at $0.0000216, showcasing minimal net growth over the week. The Mid-Week Surge and Pullback On January 12th, SHIB briefly surged past $0.0000225, its weekly high, sparking optimism for a potential rally. This rise coincided with an uptick in trading volume, hinting at increased buying interest. However, the excitement was short-lived as profit-taking and broader market corrections drove the price back to the $0.000021 level. Transitional moments, such as the sharp dip on January 13th to near $0.0000205, highlighted lingering bearish pressures. 7-days price chart- source: CoinMarketCap Market performance suggests SHIB is consolidating within a tight range, possibly preparing for a decisive breakout. Despite the fluctuations, Shiba Inu has shown resilience, holding above its critical support levels. Technical indicators signal neutral momentum, with neither bulls nor bears gaining full control. Related article: Shiba Inu Sees 105% Burn Rate Spike and Price Surge In the past 24 hours, SHIB traded between $0.0000236 and $0.00002458, further underscoring the token’s short-term range-bound movement. While trading volumes remain steady, market sentiment is tepid as investors weigh SHIB’s potential against macroeconomic factors. Long-Term Metrics and Potential Shiba Inu’s long-term metrics remain compelling. The token’s all-time high of $0.00008845 (October 2021) feels distant, with a 73.16% drawdown since then. Yet, its meteoric rise from an all-time low of $0.00000000008165 in September 2020 reflects its enormous growth potential, boasting a staggering 29,078,225% increase since inception. Related article: Shiba Inu Drops 4.24% in a Week: Can SHIB Bounce Back? The road ahead for SHIB depends on a mix of technical patterns and market developments. If SHIB breaks above $0.0000225 with conviction, it may spark renewed bullish momentum. Conversely, a failure to defend the $0.000021 support could trigger a downward move. Shiba Inu remains a speculative favorite, attracting both skeptics and optimists. Its current performance underscores its status as a highly volatile asset, capable of delivering surprises for both traders and long-term holders. As SHIB’s journey continues, its next move will undoubtedly capture the crypto community’s attention.
Crypto Predictions for Q1 2025: SHIB Targets $0.0001, XRP Eyes $8.50, and RXS Aims for $10
Donald Trump’s return as U.S. president signals brighter days for cryptocurrencies, following regulatory challenges under Joe Biden’s tenure. With Trump’s pro-crypto stance, the community is optimistic about friendlier policies that could accelerate crypto adoption. This optimism is fueling bold forecasts for Q1 2025, with Shiba Inu (SHIB) targeting $0.0001, Ripple (XRP) eyeing $8.50, and Rexas Finance (RXS) aiming for $10. Shiba Inu (SHIB): The Push Toward $0.0001 SHIB is inching closer to the elusive $0.0001 mark, with several factors driving this momentum. Over the past week, whales added 2.32 trillion tokens to their holdings, reducing selling pressure and boosting market sentiment. Token burns have surged by 105%, increasing scarcity and creating a natural upward price trajectory. Shibarium, SHIB’s Layer 2 blockchain, is gaining traction with enhanced transaction efficiency and growing adoption. This utility-driven demand positions SHIB for sustained growth. On the technical side, bullish indicators like RSI and Stochastic crossovers support upward momentum. Breaking key resistance at $0.000025 could set the stage for a rally to $0.0001, especially with market optimism surrounding Trump’s crypto-friendly administration. Read Also: Don’t Miss Out! The Best Crypto Telegram Channel you need to join in 2025. Ripple (XRP): Targeting $8.50 XRP’s recovery above $2.40 has reignited predictions of a meteoric rise to $8.50. Japan’s banking sector recently announced plans to integrate XRP, and even a 10% adoption of Japan’s $6.37 trillion banking market could push XRP well beyond $8.50. Ripple’s XRP Ledger continues to transform cross-border payments, attracting institutional confidence. Whales recently accumulated over 350 million XRP tokens, signalling strong market support. Technical charts show a bull flag pattern, suggesting a breakout to $8.50 or higher. Regulatory clarity and potential approval of Ripple ETFs could further boost investor sentiment, positioning XRP for exponential growth in Q1 2025. Rexas Finance (RXS): Racing Toward $10 Rexas Finance (RXS) is emerging as a game-changer in decentralised finance, leveraging real-world asset (RWA) tokenisation to revolutionise traditional finance. By turning assets like real estate and commodities into digital tokens, RXS enables fractional ownership and opens up investment opportunities for all. The project has gained significant traction during its presale, which began at $0.03 and surged to $0.175 by stage eleven, raising over $35 million. With just weeks until its token launch, investor interest remains high. Strategic listings on major exchanges and a million-dollar community reward initiative are expected to drive RXS toward the $10 mark. Its CertiK audit and listing on platforms like CoinMarketCap and CoinGecko add further credibility. RXS’s innovative approach and fast-growing community position it as a leader in decentralised finance, with analysts confident it can achieve its ambitious targets in early 2025. Read More: Trending Now: The Hottest Coins to Buy Right… Conclusion SHIB, XRP, and RXS are poised for significant growth in Q1 2025, backed by strong market fundamentals and strategic developments. SHIB could finally reach $0.0001, XRP may scale to $8.50, and RXS is well to hitting $10. With RXS currently priced at $0.175, this could be the perfect time to invest and capitalise on its potential. Don’t miss the opportunity to ride the next wave of crypto growth!
32.74 Trillion Shiba Inu Transferred to Unknown Wallet: The Full Story
A staggering 32.74 trillion Shiba Inu tokens were moved to an unidentified wallet by Crypto.com, leaving the Shiba Inu community astonished. The large-scale transfer was first highlighted by Whale Alert, a blockchain tracker, and sparked various speculations within the crypto space. What Happened in Detail It was revealed by Whale Alert on Tuesday that Crypto.com executed a significant transfer of Shiba Inu tokens. The exchange moved an initial batch of 1.634 trillion SHIB, worth approximately $39 million, from its hot wallet labeled “0xf2B0” to an unidentified wallet, “0xa23f.” The transfer occurred at 13:47 (UTC). Additional data showed that similar transactions were repeated multiple times within the same hour. The exchange transferred identical amounts in five separate transactions. Upon further examination, it was discovered that Crypto.com executed 20 consecutive transfers to the same receiving wallet. The total transferred amount reached an astonishing 32.74 trillion SHIB, valued at $390.39 million. Internal Transfers Confirmed An in-depth on-chain analysis conducted by The Crypto Basic clarified the situation. The investigation concluded that the enormous transfer was an internal shuffle within Crypto.com. The receiving address was identified as a deposit wallet owned by the exchange, as confirmed by data from Arkham. This internal movement involved shifting excess Shiba Inu tokens from the hot wallet to a more secure deposit address. Such internal transfers are common practices for major trading platforms, typically carried out to bolster security measures and maintain liquidity. Mixed Reactions from the Shiba Inu Community The Shiba Inu community reacted with a mix of confusion and speculation to the transfers. Some enthusiasts expressed concerns, questioning the reasons behind the massive movement of tokens. A few members speculated that Crypto.com might have been hacked, suspecting that the tokens were being stolen. Related Article: On the other hand, other users interpreted the transfer differently. They believed it indicated a large-scale whale accumulation, suggesting that an investor might be purchasing enormous amounts of Shiba Inu and moving them to a private wallet. The movement of 32.74 trillion Shiba Inu tokens by Crypto.com was confirmed to be an internal process aimed at enhancing the exchange’s operational efficiency. While some members of the crypto community viewed the transfers with skepticism, others perceived them as bullish signals indicating whale accumulation. Related Article: As the Shiba Inu market continues to navigate these developments, the incident highlights the need for transparency in large-scale crypto transactions to avoid unnecessary panic within the community.
Shiba Inu (SHIB) Burn Rate Hits Multi-Week Low
A significant decline in the burn rate of Shiba Inu (SHIB) has been observed, indicating one of the lowest levels in recent weeks. According to data from Shibburn, the burn rate has dropped by 88.65% in the past 24 hours, with less than one million SHIB being removed from circulation. SHIB Burn Rate Dips Dramatically As per Shibburn’s records, only 606,465 SHIB were transferred to dead wallets in the last 24 hours. The burn involved a single wallet, “0x56f…80b5,” which was recorded 12 hours before the time of reporting.This latest burn brings the total number of SHIB burned to 410,742,905,471,145 tokens. Meanwhile, the circulating supply stands at 584,163,863,061,304 SHIB, highlighting the extensive effort still required to significantly reduce the token supply. Although a burn of 5,441,220 SHIB was recorded on December 29, accompanied by a 972% surge in the burn rate, the current drop to a multi-week low is not entirely negative. It is believed that this dip could precede a larger burn initiative, potentially impacting the token’s price. Deflationary Metric Reflects Shiba Inu’s Growth The decline in the burn rate serves as a key indicator of Shiba Inu’s overall network health as the year comes to an end. Related Article: Shiba Inu Faces Mixed Signals: Rising Price but Declining Burn Rate This deflationary mechanism is seen as a crucial factor in the protocol’s long-term growth and market performance. Shiba Inu Price Update A correlation between Shiba Inu’s burn rate and price has once again been noted, as the token’s value fell by 2.66% over the last 24 hours to $0.00002172. Read more : Doge and SHIB Rank Among Top Assets on MetaMask Over the past month, SHIB has experienced a 19.65% decline, reflecting broader challenges within the cryptocurrency market.Despite this, there are signs that Shiba Inu might be poised for a rebound. https://x.com/acinemaboy/status/1853516056528036321?t=NN_MYrtlrnQkyfraeKAeXg&s=19 With less than 48 hours remaining in the year, a recovery could potentially see the token regain the $0.000025 level in the short term.
Shiba Inu Market Stability Amid 99.5% Whale Activity Decline
Shiba Inu (SHIB), a popular meme-based cryptocurrency, continues to face dramatic changes both in its market performance and on-chain activities. A notable event occurred recently with a 99.5% drop in bullish whale activity within just one day. Significant Whale Inflow Collapses Two days ago, large investors holding at least 0.1% of SHIB’s total supply saw their net inflow of tokens rise sharply. According to data from IntoTheBlock, this figure surged from 60.75 billion tokens to 2.97 trillion. Related article: Shiba Inu Price Drops: Can SHIB Regain Bullish Momentum? However, the inflow plummeted to a mere 14.8 billion tokens today, marking the lowest level of the week. The analysis shows minimal changes in token outflows from these wallets during the same period. Source: IntoTheBlock Despite this, inflow levels showed significant volatility. Initially, inflows jumped by nearly three trillion SHIB tokens daily before dropping to 760.82 billion tokens. Price Reacts to Whale Movements As whale inflows surged, SHIB’s price increased by over 6%, demonstrating the impact of large-scale buying activity. Once inflows normalized, the token’s price stabilized, trading with a slight decline of 2.32%. This stability suggests limited selling pressure from major investors, which helped avoid a severe price drop. Source: CoinMarketCap The sharp decline in net flows primarily reflects the correction of an unusual spike in inflows rather than a mass exodus of whale holdings. This indicates ongoing interest from large investors, with purchases reaching approximately $66 million daily. Related article: Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level? The lack of significant outflows further supports a positive outlook for SHIB, as it avoids the risk of a large-scale sell-off. While the on-chain activity of Shiba Inu whales has experienced fluctuations, the market impact remains manageable. With continued interest from prominent investors and limited selling pressure, SHIB’s price stability offers reassurance to its supporters.
Shiba Inu Price Drops: Can SHIB Regain Bullish Momentum?
Shiba Inu (SHIB) faced a major setback after its recent recovery attempt failed to break through the crucial 100 EMA resistance level. The price, which currently trades around $0.00002215, reversed its upward movement, causing concern among traders and investors. The 100 EMA, positioned near $0.00002255, acted as a strong resistance and halted SHIB’s rally. This rejection highlights the persistence of bearish sentiment, with the market lacking the strength to sustain a long-term upward trend. Declining Volume Signals Waning Interest Adding to the challenges, SHIB’s trading volume has dropped significantly. A decline in volume during a failed recovery often indicates reduced market interest. This reduced participation makes it harder for the price to maintain bullish momentum. Related article: Analyst Predicts Shiba Inu’s Progression Toward $0.000081 Without notable market catalysts, speculative interest in SHIB has faded, further contributing to its lackluster performance. Looking ahead, SHIB finds immediate support near the 200 EMA, approximately at $0.00002055. A break below this support could trigger a steeper decline, possibly pushing the price toward the psychological support level of $0.00001900. Source: CoinMarketCap On the upside, reclaiming the 100 EMA at $0.00002255 remains critical for SHIB to regain bullish momentum. If successful, the price could aim for the next resistance level at $0.00002494. Challenges in Staying Relevant Despite overall market growth, SHIB struggles to stay relevant among investors. Its poor performance underscores the importance of finding new market participants and maintaining critical support levels. Related article: Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level? For SHIB to stage a recovery, traders should monitor volume and momentum indicators closely. These factors will likely determine whether the token can reverse its downward trend and regain investor confidence. With bearish pressure persisting, SHIB faces an uphill battle. Only a significant increase in volume or market catalysts can shift its trajectory and renew optimism among investors.
