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Shiba Inu (SHIB) recently experienced a huge uptick in its value along with the overall market. As of now Bitcoin is facing a pullback after a huge surge, and meme coins are following, including SHIB. SHIB hit its recent high at $0.0001561 but could not sustain upward and fell back, triggered by market volatility. Currently, […]
Shiba Inu, a meme coin often referred to as a “Dogecoin killer,” was created in August 2020 as an alternative to meme coins, including Doge. [...]
Shiba Inu has dropped 0.75% over the last 24 hours to $2.63, as crypto market participants scramble to salvage their investments as crypto prices continue [...]
Shiba Inu price has escaped from a pennant indicating the strength among buyers to fuel an uptrend. This was supported by the appearance of a [...]
Shiba Inu price turned down during the early Asian trading hours on Thursday as bears focused on dimming the meme coin hype that saw SHIB [...]
Shiba Inu appears to be losing the upward momentum it has had since the beginning of the year. The meme token was trading above the [...]
Shiba Inu (SHIB) has been trading in a tight range between $0.00000889 and $0.00000946 since November 23 with no directional bias. The decentralized coin has [...]
Various cryptocurrencies have made several millionaires in one hand. On the other hand, most people have lost most of their life savings. In 2021, many [...]
Shiba Inu (SHIB) price had a remarkable close of the week. It rose 15% in market value between Thursday and Saturday to record an intra-day [...]
A significant Shiba Inu (SHIB) transfer has caught the attention of traders today, December 19, as an early and highly profitable SHIB whale moved nearly 400 billion tokens. On-chain analysis service Spot On Chain (@spotonchain) highlighted that this well-known early buyer deposited 399.99B SHIB (worth $9.69 million) to Gemini, building on a history of substantial gains after initially acquiring 15.2 trillion SHIB in August 2020 for a mere 10 ETH. Spot On Chain wrote via X: This early $SHIB whale with a $108M profit just further deposited 399.99B $SHIB ($9.69M) to Gemini in the past hour. Notably, on Aug 7, 2020, this whale bought 15.2T SHIB for just 10 ETH. Now, the whale still holds 2T SHIB ($48.54M) with an estimated total profit of $107.7M (3.7x return) from SHIB. This is not the first time such profit-taking has occurred by the anonymous whale. In mid-November, Spot On Chain noted that the same early buyer (address 0xd6b) was back to offload tokens after 8 months of inactivity, depositing 100 billion SHIB (worth $2.81 million at the time) to Gemini. Prior to that, the whale was last active in March, transferring 200 billion SHIB to both Gemini and Crypto.com. Related Reading: Shiba Inu Price Ready For 130% Surge With Bullish Patterns Marked By Higher Highs Shiba Inu Price Drops Within the last 24 hours, SHIBs price has declined roughly 6.2%, extending a short-term downward move that saw a 10% drop on December 18. Notably, much of this weakness aligns with the broader crypto market downturn following the recent Federal Open Market Committee (FOMC) press conference. Although the expected 25 bps rate hike was delivered, Fed Chair Jerome Powells emphasis on a more restrained approach to interest rate cuts in 2024 resulted in a bearish market response across digital assets. Despite these macro headwinds and the high-profile whale sell-off, Shiba Inus higher time-frame technical structure remains relatively stable. In the daily chart, SHIB held key support which is the 100-day EMA which has proven to be a formidable support level for SHIB since the price first ascended above it in late September. Related Reading: Shiba Inu Bulls Aim Higher As SHIB Sights $0.00002960 For A Fresh Rally Marked by the yellow circles on the chart, this EMA has repeatedly served as a crucial pivot point for price action, sustaining support for the fifth time during the observed period. Currently, the 100-day EMA sits at approximately $0.00002264 Additionally, SHIB remains above the 0.382 Fibonacci retracement level at $0.00002409, another critical threshold currently being watched by analysts. The 0.5 Fibonacci level at $0.00002821 marks a pivotal midpoint from the recent high-to-low range, serving as a psychological test for traders should SHIB attempt a recovery. Beyond that, further upside resistance levels await at the 0.618 Fib ($0.00003234) and 0.786 Fib ($0.00003821), potential barriers if bullish momentum returns. Featured image from Shutterstock, chart from TradingView.com
Shiba Inu (SHIB) has been indicating a major bullish trend in recent days, which has brought the attention of the crypto enthusiasts back to this asset. In a recent X post, Javo Marks pointed to a very clear reaffirmation of a bullish trend for SHIB. He noted that the coin seems poised for more upside […]
Is Shiba Inu bullish? Will Shiba Inu prices continue to go up? Let's analye in this Shiba Inu price analysis article.
Shiba Inu (SHIB) is still under bearish pressure as further analysis shows expanding bearish waves. In an X post, Alan Santana warns of bearish indicators on the price chart of SHIB even as it rallied in markets for a brief period. This downtrend, he suggests, could open new short selling opportunities as continued formation of […]
Javon Marks has suggests that the SHIB token could be preparing to surge. In a recent post on X, Marks pointed out that the Shiba Inu will most probably regain its value and hit the 162% gain in the past several months. This has been supported by a Hidden Bullish Divergence which indicates possibility of […]
Shiba Inu lead developer Shytoshi Kusama says SHIB price is not solely dependent on burns. The comment comes after the community burnt a staggering 3.26 [...]
Shiba Inu (SHIB) surged in attention recently due to its highly anticipated layer-2 solution, Shibarium. Excitement grew as Shytoshi Kusama, the mastermind behind the project, [...]
Shiba Inu (SHIB) price is down a negligible 1%, a remarkable feat considering selling pressure from billions of SHIB tokens sold over the last 24 [...]
We aim to provide potential trajectories for Shiba Inu prices for 2023, 2024, and 2025. Let's take a look at this Shiba Inu price prediction in more detail.
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