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.
Trending Now: The Hottest Coins to Buy Right Now!
Discover the top cryptocurrencies to invest in today! Stay informed with the latest updates on the crypto market, but remember, token rankings and performance vary. These trending coins are worth exploring, but always Do Your Own Research (DYOR) before making investment decisions. Cardano (ADA) Cardano (ADA) is trading at $0.9548, down 6.2% in the last 24 hours. ADA remains a prominent player in the crypto market, with a market cap of $34.2 billion and a circulating supply of 35.86 billion tokens. You can trade ADA on major centralised exchanges (CEXs) like Binance, Coinbase Exchange, and MEXC. While trading volume has dropped 28.3% in the past day, ADA’s price is still 4,863.43% higher than its all-time low but 69.04% below its all-time high (ATH). ADA is underperforming against the global crypto market and other Smart Contract Platform cryptocurrencies. Over the past week, its price has declined by 12.50%. Despite this, Cardano’s founder continues to defend IOG amid criticism regarding ADA holdings. Shiba Inu (SHIB) Shiba Inu (SHIB) is trading at $0.00002126, down 3.0% in the past 24 hours. With a market cap of $12.52 billion and a circulating supply of over 589 trillion tokens, SHIB continues to attract attention. SHIB’s trading volume has dropped 9.40% in the last day, but the token remains a sensation, trading at an astronomical 37,849,723.86% above its all-time low, though it’s still below its ATH. You can trade SHIB on popular CEXs, including Binance (with SHIB/USDT as the most active trading pair), OKX, and DigiFinex. Read Also: Listing Announcement: What Does Binance Listing Mean for… Fantom (FTM) Fantom (FTM) is priced at $0.7001, with a 1.2% decline in the past 24 hours. Despite recent price dips, FTM has shown resilience. FTM is tradable on platforms like OKX, Bybit, and Kraken. It’s underperforming the market, as are other similar FTX Holdings coins. However, according to recent news, FTM surged past the $0.7 resistance alongside positive developments with Sonic Chain. Jambo (J) Jambo is revolutionising the on-chain economy with its cutting-edge JamboPhone and JamboApp. The platform has already onboarded millions of users, offering features like rewards, discounts, and payouts through the Jambo Token. This utility token powers Jambo’s decentralised ecosystem, shaping the future of blockchain and mobile technology. Lightchain AI (LCAI) Lightchain AI (LCAI) is a groundbreaking project combining Ethereum’s decentralised ecosystem with advanced AI technology. Scheduled for launch in late January, LCAI aims to create seamless integration between AI and blockchain, driving innovation, efficiency, and community empowerment. Stay ahead of the curve and explore these opportunities to make informed decisions in the dynamic world of cryptocurrency!
Shiba Inu Drops 4.24% in a Week: Can SHIB Bounce Back?
Shiba Inu (SHIB), one of the most well-known meme coins in the cryptocurrency market, has declined 4.24% over the past seven days. Currently trading at $0.00002124, SHIB’s recent performance reflects both market challenges and the evolving landscape of its ecosystem. Despite the dip, the token’s community remains optimistic about its future potential. SHIB 7-day price chart coinmarketcap Market Overview Shiba Inu’s market capitalization sits at $12.51 billion, reflecting a slight decrease of 2.17% over the week. Meanwhile, the 24-hour trading volume has fallen significantly by 25.66%, totalling $608.77 million. This reduction in volume suggests a cooling of investor activity, likely tied to broader market trends and profit-taking. SHIB’s fully diluted valuation (FDV) matches its market cap at $12.52 billion, signalling a relatively consistent valuation despite its price fluctuations. The token’s circulation is near its total supply, with 589.25 trillion SHIB tokens circulating. Price Performance Over the last seven days, SHIB has experienced volatility, trading between a low of $0.00002047 and a high of $0.00002182. While these fluctuations are minor, they highlight the token’s sensitivity to market sentiment. Shiba Inu is down 75.95% from its all-time high of $0.00008845, reached on October 28, 2021. However, its long-term performance remains staggering, with a 26,054,938% increase from its all-time low of $0.00000000008165 on September 1, 2020. Read Also: XRP’s 24-Hour Drama: Will It Soar or Sink from $2.30? Ecosystem Developments The recent launch of “TREAT,” a new token within the Shiba Inu ecosystem, has captured attention and could be pivotal for SHIB’s future. The introduction of TREAT indicates Shiba Inu’s efforts to expand its ecosystem and provide additional utility for its community. These initiatives aim to transition SHIB from a meme token to a more functional digital asset. Community sentiment remains strongly optimistic, with 89% of participants expressing bullish views on SHIB’s potential. This optimism is primarily driven by the token’s massive following and the team’s consistent efforts to innovate and expand. Key Challenges Despite its strong community backing, Shiba Inu faces several challenges. The decline in trading volume suggests waning interest among short-term traders, and the broader crypto market’s volatility continues to weigh on SHIB’s price. Additionally, its ample circulating supply raises concerns about inflationary pressures, which could hinder significant price gains without robust demand. Technical Analysis From a technical perspective, SHIB’s support level at $0.00002047 will be critical for maintaining stability. If this level holds, SHIB could attempt a rebound towards the $0.000022 mark, where resistance will likely be met. Breaking past this resistance could pave the way for further upside while failing to hold support might result in a retest of lower levels. Conclusion Shiba Inu’s 4.24% decline over the past week reflects the challenges meme tokens face in an evolving crypto market. However, the token’s massive community support, ongoing ecosystem developments, and long-term growth potential ensure it remains a compelling asset for many investors. As the team continues to roll out new initiatives like TREAT, SHIB could see renewed interest and utility. For now, traders and investors should monitor key support and resistance levels while monitoring ecosystem updates that may influence SHIB’s trajectory. While the road ahead may be uncertain, Shiba Inu’s resilience and loyal following suggest plenty of fight.
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 Sees 105% Burn Rate Spike and Price Surge
The Shiba Inu community continues its push to reduce the SHIB meme coin supply, achieving a 105% increase in the burn rate. The second-largest canine-themed cryptocurrency saw its price rise by nearly 8% in the same period. The Shibburn tracking platform reported that the SHIB community burned 1,877,749 coins in the last 24 hours. A single transfer accounted for 1,000,707 SHIB, significantly impacting the overall burn rate. Over the past year, the community eliminated a staggering 44.6 billion SHIB, worth just under $1 million. Despite these efforts, many SHIB enthusiasts remain skeptical. They argue that the burns are too small to significantly reduce the circulating supply within a year or two. Source: Shibburn Burn Efforts and Goals Token burns aim to reduce the total supply, increasing scarcity and potentially driving up the price. However, SHIB still has a long way to go. Only half of its initial quadrillion supply has been burned so far. In 2021, Ethereum co-founder Vitalik Buterin burned a massive portion of SHIB after receiving it from SHIB’s founder, Ryoshi. Related article: Shiba Inu Market Stability Amid 99.5% Whale Activity Decline Last December, SHIB fans sent 2.67 billion coins to dead-end blockchain wallets. While these efforts contribute to the burn initiative, the pace needs acceleration to make a noticeable difference soon. SHIB Price Sees Unexpected Growth In the last 24 hours, SHIB’s price surged by nearly 10%, climbing from $0.00002084 to $0.00002270. The meme coin mirrored Bitcoin’s performance, as BTC rose 3.81% since January 1, reaching $96,520. Related article: Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level? SHIB, like many cryptocurrencies, closely follows Bitcoin’s price movements. This connection underscores the broader market’s influence on SHIB’s performance. While SHIB’s community-driven burn efforts continue, the coin’s price remains tied to the volatility of the larger crypto market. With both burns and price spikes drawing attention, the SHIB community remains hopeful for long-term growth.
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.
