In Brief Shiba Inu’s price has been consolidated for the past month and might continue moving sideways. The meme coin failed to capitalize on the recent meme coin craze due to selling by investors. The altcoin also faces a resistance of $1.54 billion worth of SHIB that would become profitable after a 19% rally. While…
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In Brief Shiba Inu’s price is stuck within a downtrend despite multiple fakeouts noted in the past two months. SHIB whales have been exhibiting skepticism since the beginning of March, which is evident in their selling. The meme coin is following Bitcoin’s footsteps and could potentially end up being a victim of corrections. Shiba Inu (SHIB) is…
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In Brief SHIB may reach new highs or sink due to key technical levels. Bullish SHIB signals hint at a potential rise to $0.000072323. Bearish risk if SHIB dips below $0.000021, may trigger selling. Shiba Inu (SHIB) stands at a critical point. As traders watch closely, SHIB faces potential turning points that could propel it…
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In Brief Shiba Inu (SHIB) bounces off golden ratio support, triggering a bullish surge. Factors like market sentiment and resistance levels will determine SHIB’s uptrend. Despite recent gains, SHIB faces resistance levels and a potential short-term downturn. After reaching the golden ratio support, Shiba Inu (SHIB) experienced a bullish bounce. How far the price might…
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In Brief SHIB average transaction size saw a significant 60% decline over four days, hinting at a potential wane in investor interest. The RSI for SHIB remains overbought, signaling possible upcoming corrections. Consolidation is apparent in the EMA lines, implying that SHIB price might stabilize this week. The Shiba Inu (SHIB) price has seen a…
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In Brief Shibarium has experienced a significant surge in Total Value Locked (TVL). This surge is primarily attributed to the introduction of DAMN meme coin. Still, Shiba Inu ecosystem witnessed a notable decline in SHIB’s burn rate. Shibarium, the Layer 2 blockchain within the Shiba Inu (SHIB) ecosystem, has reached noteworthy milestones, indicative of its…
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In Brief SHIB average transaction size dropped by 50% in the last two weeks, indicating Shiba could be losing momentum. Its RSI is still in the overbought stage, which could indicate more corrections are coming soon. EMA Lines are forming a potential bearish scenario, which could cause the coin to enter a downtrend. The Shiba…
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In Brief Shiba Inu’s (SHIB) price broke out from a descending resistance trend line but failed to sustain the upward trend. The daily time frame readings are undetermined, but the six-hour chart leans bearish because of the price action. Despite the bearish SHIB price prediction, breaking out from the parallel channel can trigger a significant…
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In Brief K9 Finance DAO announced the launch of the KNINE utility token that will earn BONE rewards for confirmed transaction blocks. The Shibarium upgrade will include new SHIB and BONE token utilities, set to launch as part of the upgrade planned for 2025. A newer collection of Sheboshi NFTs, built with the ERC-404 token…
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In Brief The Shiba Inu burn rate reached a new high, with 191.69% increase in 24 hours ending on Feb. 9, 2024, burning 7.65 billion SHIB. The SHIB token price is up by 3.30% in the past week and 0.9% in the past 24 hours, trading at $0.000009427 amidst recent burns. New registrations in the…
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