Shiba Inu Price Could Jump 200% To $0.00006 In October, Heres Why

Shiba Inu has been on an uptrend recently, after suffering losses for the better parts of the second and third quarters of the year. This recovery going into the new month plays into the high expectations for the meme coin, especially in Q4, when the altcoins price is expected to more than double. Using historical [...]

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Is Shiba Inu Ready For A New All-Time High Above $0.00008? Analyst Says Yes

Doggy-themed meme coin, Shiba Inu (SHIB), could be gearing up for a major rally to new all-time highs this bull cycle. Given the cryptocurrencys recent bullish performance, analysts predict that Shiba Inu can surge above its all-time high of $0.000086.  Shiba Inu Targets New All-Time Highs The price of Shiba Inu recently jumped from around [...]

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Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible

Shiba Inu (SHIB) may be on its way to reclaim former price highs, as a crypto analyst identified as the Charting Guy has confirmed the reappearance of a unique symmetrical triangle pattern on the SHIB price chart. A breakout from this symmetrical triangle could see Shiba Inu potentially rallying above 200% from its current price.  Shiba Inu Triangle Pattern Points To Breakout On September 23, Charting Guy took to X (formerly Twitter) to unveil a new trend pattern in Shiba Inus price chart. The chart highlighted three wave patterns and several Fibonacci retracement levels which acted as resistance and support zones for Shiba Inus price. Related Reading: Analyst Predicts 8,500% Rally For Cardano To Reach $31 As Indicators Turn Bullish In classic wave 1 and 2, Shiba Inus price movements exhibited a series of fluctuations, followed by a brief upward momentum before sliding downwards again. Now in wave 3 which the analyst has predicted would be an explosive one, Shiba Inu has formed a historical symmetrical triangle pattern which could trigger a potential surge to new highs at $0.0.0000493, representing a 244% rally.  Currently, Shiba Inu is trading at $0.0000143, with its next key resistance at the 0.382 Fibonacci retracement level, near $0.0000164. If the meme coin fails to surpass this resistance, the 0.236 Fibonacci retracement level at $0.000011 could provide strong support.  In contrast, if Shiba Inu exceeds resistance levels at $0.0000164, the cryptocurrency could see its price breakout to $0.0000226. More resistance can also be seen at Fibonacci retracement levels around 0.618 and 0.702, representing the $0.0000312 and $0.0000392 price marks, respectively.  If Shiba Inu can successfully break out of these key levels, the cryptocurrency would experience an explosive surge to $0.0000493, a price level well above its previous March high of around $0.000045.  Interestingly, this price level is not the highest Shiba Inu can reach based on its symmetrical triangle pattern. According to the Charting Guy, if SHIB can break above the 0.888 Fibonacci retracement level at $0.0000651, the meme coin could potentially skyrocket to new all-time highs at $0.0000884, corresponding to the 1 Fibonacci retracement level and marking a massive rally of approximately 518%.  However, in the event that Shiba Inu fails to surpass this key level, it is likely to find support at the 0.786 Fibonacci retracement level of $0.00004936.  Related Reading: Diamond Hand Ethereum Whale Moves 15,000 ETH, Heres The Destination SHIB Price Analysis Supporting the optimism surrounding Shiba Inus future outlook, the cryptocurrency has been on a steady upward trajectory. In the past week, the price of Shiba Inu increased by an impressive 8.91%. However, it has recently retraced some of those gains, experiencing a 1.52% decline in the last 24 hours.  Earlier in March, Shiba Inu witnessed a significant rally, positioning it as one of the top gainers. According to data from CoinMarketCap, the cryptocurrency has seen a staggering 95.65% price increase since the start of 2024.  Featured image created with Dall.E, chart from Tradingview.com

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Why Is The Shiba Inu Price Crashing Today?

With the Bitcoin price crash over the weekend, the prices of other cryptocurrencies such as Shiba Inu have followed sharply. The result of this has been a double-digit price crash for Shiba Inu, alongside other altcoins. Naturally, the rapid decline has raised questions, with industry stakeholders wondering what is driving this massive crash. Shiba Inu [...]

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Shiba Inu unveils plans for a Decentralized Autonomous Organization

Shiba Inu (SHIB) is launching a DAO to give holders a voice in governance. The DAO will feature two councils: Charity and Culture & Heritage. SHIB’s price is down 82.4% from its 2021 peak, despite growing real-world use. Shiba Inu (SHIB), the leading meme coin and the 13th-largest cryptocurrency by market capitalization, is preparing to […]

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Heres Whats Going On With The Shiba Inu Price

The Shiba Inu (SHIB) price has remained lackluster for a while now, with the second-largest meme coin by market cap still below the crucial price level at $0.00002. This unimpressive price action is thanks to several factors, including Bitcoins tepid price movement.  Why The Shiba Inu Price Is Down Shiba Inus price has been on [...]

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Prepare For Impact: Shiba Inu Whales Increase Their Holdings By 600% In A Single Day

Reports have revealed that Shiba Inu (SHIB) whales have dramatically increased their holdings by a whopping 600%. This massive SHIB accumulation signals investors growing confidence in the popular meme-based cryptocurrency. SHIB Whales Increase Holdings By Almost 600% In just a single day, Shiba Inu whales increased their holdings by approximately 596%. According to IntoTheBlocks data, on August 12, the total net flow of large scale SHIB holders had surged from 27.06 billion SHIB to 161.15 billion SHIB.  Related Reading: Private Investors Kicked Out Of Top Bitcoin Holder List, Here Are The Stats While the reason for this aggressive token accumulation remains uncertain, the slight stabilization of Shiba Inus price fundamentals may have contributed to the positive shift in investors sentiment.  Earlier in January 2024, large scale holder net flow had surged as high as 4.51 trillion. However as the months went by, whales have been offloading significant amounts of SHIB tokens as the market showed signs of bearishness.  This renewed influx of whale activity is particularly noteworthy as Shiba Inu aims to recover from previous price declines. Additionally, the increase in whale holdings comes after Shiba Inu lead developer, Shytoshi Kusama announced the imminent release of a potentially bullish project in the Shiba Inu ecosystem.  Highlighting Kusamas announcement, crypto analyst, Oscar Ramos has expressed optimism about Shiba Inus future price outlook. In an X (formerly Twitter) post Ramos revealed that he believes that Shiba Inu is heading towards the biggest coin breakout it has ever seen.  He highlights the ongoing developments and upcoming projects set to launch within the ecosystem as bullish catalysts for Shiba Inus price increase. Additionally, Ramos described Shiba Inu as a blue chip cryptocurrency which has been showing immense productivity and growth recently.   At the time of writing, the price of Shiba Inu is trading at $0.0000136, marking a 1.47% decrease in the last 24 hours after gaining 2.20% over the past week, according to CoinMarketCap.  Shiba Inu Whale Drains $2.2 Million Worth Of SHIB On-chain analytics platform, Arkham Intelligence has uncovered a massive SHIB transaction executed by an anonymous whale. According to Arkhams reports, an unknown Shiba Inu whale withdrew a whopping 165.37 billion SHIB tokens from Coinbase, the largest crypto exchange in the United States (US).  Related Reading: Crypto Analyst Reveals What Could Drive The Bitcoin Price To $48,000 Arkham Intelligence has disclosed that in the last six days, the anonymous whale executed three large scale transactions which amounted to the 165.37 billion SHIB. The total value of the SHIB withdrawal was estimated at around $2.25 million. In the first transaction, 32.537 billion SHIB, valued at $466,250 was withdrawn from Coinbase. The second transaction saw a withdrawal of 35.80 billion SHIB, worth over $480,530. The final and largest transaction involved the withdrawal of 97.027 billion SHIB, valued at over $1.33 million withdrawn.  Featured image created with Dall.E, chart from Tradingview.com

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Shiba Inu Is Still a Puppy, Says Shytoshi Kusama

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu ecosystem, characterizes SHIB as a puppy, suggesting that the token…

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Shiba Inu Makes the Cut, Coinbase Names It a Top Asset

Shiba Inu ranks just below USDC on Coinbase, surpassing Bitcoin and Ethereum. Shiba Inu (SHIB) has again captured the attention…

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Shiba Inu Potential Price Surge if Monthly Volume Hits $1 Trillion

Shiba Inu price could spike to the $0.001 territory if SHIB monthly volume grows to $1 trillion, according to assessments…

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Shiba Inu Can Rise 9,472% to $0.001477 if It Gets 50% of Spot Bitcoin ETF Inflows

Shiba Inu has the potential to pump 9,472% to a new ATH of $0.001477 if it captures just 50% of…

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SHIB Price Targets: Timeline for Deleting One and Two Zeros

This article compiles forecasts from multiple entities regarding when Shiba Inu could delete one or two zeros from its price. …

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Analyst Sets 6 Shiba Inu Targets that Could Boost SHIB by 997% to $0.000165

TradingView analyst Abmoon remains confident in a series of six Shiba Inu targets previously set by him, with an ultimate…

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Heres When Shiba Inu Could Delete a Zero to Hit $0.0001

Following Shiba Inus daily surge of 13.25%, weve highlighted when SHIB could potentially delete a zero after its decimal, taking…

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Analyst Says One Final Shiba Inu Drop Before 131% Surge to $0.00003

A widely followed market watcher on TradingView suggests Shiba Inu may experience one final drop before a massive rebound that…

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Heres What Shiba Inu Could be Worth if Ethereum Hits $50,000

Shiba Inu could spike to a new all-time high of $0.0002545 if it follows Ethereums trajectory should the leading altcoin…

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Shiba Inu Sees Sharp 100% Decline In Whale Activity, Is This Good Or Bad For Price?

On-chain data shows that Shiba Inu (SHIB) has witnessed a massive decline in whale activity. This is significant for the meme coins ecosystem, considering the impact these investors usually have on Shiba Inus price.  Shiba Inus Whale Activity Declines By Over 100% Data from the market intelligence platform IntoTheBlock shows that Shiba Inus whale activity has declined by over 100% in the last seven days. This is based on the large holders’ netflow metric, which indicates when these whales are adding to their positions or offloading their tokens.  Related Reading: Bitcoin Closes CME Gap, Expert Predicts What Happens Next The 100% decline in large holders netflow points to these whales opting against accumulating and selling their Shiba Inu tokens instead. The large holders’ outflow metric also points to these whales offloading their tokens, as there has been an 18% increase in the amount of Shiba Inu tokens leaving these whales addresses in the last seven days.  Meanwhile, in the same period, there has been an almost 23% drop in the large holder inflows, which suggests that more whales are opting against adding their Shiba Inu positions. This is evidently bad for the Shiba Inu ecosystem as significant selling pressure from these whales could further make the meme coins price tumble.  Other on-chain metrics also paint a bearish outlook for the meme coin. For instance, data from IntoTheBlock shows that the In The Money metric is bearish, as 52.46% of Shiba Inu addresses are currently at a loss. This could pile more selling pressure on the meme coin as more investors look to cut their loss, fearing that Shiba Inu could further decline from its current price level.  Shiba Inu also risks losing most of the gains it made earlier this year if it fails to hold above its current support level. The In the Money metric shows that most addresses currently invested in Shiba Inu bought the meme coin at its current price range. As such, a decline below this range could send the crypto token on a free fall to levels not seen in a while.  Bitcoin Making Matters Worse For Shiba Inu Data from IntoTheBlock shows that Shiba Inu has a strong positive price correlation with Bitcoin. This has also significantly contributed to the downtrend that the meme coin is currently facing. SHIB’s price correlation with Bitcoin seems to be why the second-largest meme coin by market cap has been one of the most affected since the flagship crypto dropped below its crucial support level at $60,000.  Related Reading: XRP Stars Align: Indicators Point To Possible 7,500% Rally To $35 Shiba Inus price correlation with Bitcoin suggests that things could get worse for the meme coin. The flagship crypto is still facing intense selling pressure and is at risk of further price declines in the coming days.  SHIB is currently trading at around $0.00001327, down over 14% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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Shiba Inu Lead Meets with Japanese Politician at IVS 2024

Shiba Inu lead developer Shytoshi Kusama met with a Japanese politician and former Council Member of the city of Kesennuma…

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ChatGPT Predicts 6 Altcoins That Could be next Shiba Inu

Popular AI chatbot ChatGPT highlights the top six altcoins that could become the next Shiba Inu, including FLOKI, KISHU, ELON,…

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Shiba Inus NVT Ratio Sees Drastic Increase, Is A Rise To $0.00003 Still Possible?

The Shiba Inu (SHIB) network value to transactions (NVT) ratio has come into focus, with the meme coin currently enjoying an uptrend. However, this metric suggests that Shiba Inu could soon hit a roadblock on its journey to $0.00003.  Shiba Inu NVT Ratio Is On The Rise Data from the on-chain market intelligence platform Glassnode shows that Shiba Inus NVT has witnessed a massive increase and is currently way ahead of the meme coins price. This is significant as it presents a bearish outlook for Shiba Inu and hints at a potential price correction for the meme coin.  Related Reading: This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC The NVT ratio isnt the only metric that Shiba Inu investors should be concerned about. Data from the market intelligence platform IntoTheBlock shows that Shiba Inus correlation with Bitcoin has drastically reduced since the flagship crypto began to enjoy an impressive rebound.  Before now, Shiba Inus correlation with Bitcoin was over 0.9, which indicated a strong positive price correlation. However, that figure has now dropped to 0.52, indicating a lesser correlation between both prices. Additionally, only about 51% of Shiba Inu holders are currently in the money, which means the meme coin is at risk of significant sell-offs as the remaining 49% that arent in the money look to break even once the meme coin records higher prices.  However, some other on-chain metrics paint a bullish picture for Shiba Inu, which could help avert such price correction and help sustain the meme coins current uptrend. One is the notable increase in Shiba Inus large transactions, suggesting that crypto whales might be accumulating the meme coin in anticipation of higher prices.  Data from IntoTheBlock shows an increase of over 2% in these large transactions over the last seven days. Further data shows that 365.69 billion SHIB have been traded in the last 24 hours. Meanwhile, these large transactions recorded a seven-day high on July 22, when these investors traded 2.14 trillion SHIB.  A Rise To $0.00003 Is Still Possible Crypto analyst Javon Marks recently provided a bullish narrative for Shiba Inu, predicting that the meme coin could rise above $0.00003 soon enough. He stated that SHIB has confirmed a macro Hidden Bullish Divergence with its Relative Strength Index (RSI), which indicates that a full recovery and continuation of its bull rally may be on the horizon.  Related Reading: Technical Indicators Show Strong Bitcoin Bullishness New ATH On The Horizon? He added that this confirmation sets Shiba Inu for a price recovery of over 162%, sending its price to the $0.0000456 range. Interestingly, Marks also claimed that Shiba Inu might rally further as it could break out of a larger resisting structure, putting a price target of $0.000081 in sight.  At the time of writing, Shiba Inu is trading at around $0.00001718, up over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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