Shiba Inu (SHIB) Breakout Blockers—Is A Crash To $0 On The Table?
Shiba Inu (SHIB), one of the market’s largest memecoins, is still far from its glory days. The token is trading more than 90% below the all-time highs it reached in October 2021. Even with gains of about 5% during April’s price action, the rebound looks limited in the broader context—especially as investors weigh the long-term forces that can either lift a token or keep it pinned. No Fast Scarcity, Bigger Downside A recent Motley Fool report points to several structural factors that have helped shape Shiba Inu’s current performance and could continue to influence where it goes next.....
Related News
Shiba Inu’s marketing lead, Lucie, has provided optimism for community members amid the SHIB price crash. She mainly alluded to the layer-2 network Shibarium, highlighting how it has maintained its strength over time. Shiba Inu Exec Breaks Silence Amid SHIB Price Crash In an X post, the Shiba Inu marketing lead stated that Shibarium stands […]
Shiba Inu price has dipped by 2.03% overnight and is now at a current price of 0.000012 USD. Nevertheless, the most popular meme coin is now ranked as the 15th largest crypto according to market cap. SHIB currently has a live market cap of $6,573,280,152 USD and with $428,085,679 USD of 24-hour trading volume. The coin currently has a total circulating supply of 549,063,278,876,302 SHIB coins. Despite the entire crypto space in the red for the past couple of months, SHIB has been performing well and have in fact raised their price by 31%. With that being said, many crypto investors have....
The Shiba Inu burn rate is facing new challenges amidst a corresponding lull in the Shiba Inu price. According to data from Shiba Inu burn tracker Shibburn.com, the number of SHIB tokens burned in the past 24 hours has declined noticeably, which gives rise to a concern about the activity surrounding Shiba Inu and whether […]
Shiba Inu’s active addresses have crashed over 50% in three months, providing a bearish outlook for the top meme coin. This development has also coincided with the SHIB price crash during this period. Shiba Inu’s Active Addresses Crash Over 50% Santiment data shows that Shiba Inu’s active addresses have crashed by over 50% since they peaked on May 2 at around 7,800. Since then, this metric has been on a downtrend, dropping to as low as 2,500 earlier in June. Now, the number of active SHIB addresses is currently at an average of 3,000. Related Reading: Shiba Inu Exec Gives Reasons To Keep....
The Shiba Inu breakout appears almost ten days after SHIB's addition to Binance Card. Shiba Inu (SHIB) broke out of its prevailing "cup-and-handle" pattern on Aug. 14, raising its prospects of securing additional gains in the coming weeks.Shiba Inu could soar 50%A cup-and-handle appears when the price falls and rises in a U-shaped trajectory in the first stage, followed by a swift move sideways or downward in the second. Notably, the price trend develops under a common resistance level.Typically, cup-and-handle patterns resolve after the price breaks above the resistance level; SHIB did....