TronWeekly

Crypto World News

You are here: Home / Archives for SHIB Price News

SHIB Price News

Shiba Inu (SHIB) Gears Up for a Major Price Rally After Massive Burn Surge

by

  • Shiba Inu (SHIB) burn rate surged by 1041.91% in the last 24 hours, removing 6.54 million SHIB tokens from circulation.
  • SHIB’s price rose 3.88%, currently at $0.00001773, with a market cap of $10.45 billion.
  • Analyst Javon Marks forecasts a potential price surge of over 351%, targeting $0.000081.

Shiba Inu (SHIB) is poised for a significant upward climb, garnering increasing attention from analysts and investors alike. Recent data indicates a notable surge in SHIB burn activity, which has contributed to rising interest in the token.

SHIB Price Rises Amid Surge in Burn Activity

The burn rate of Shiba Inu (SHIB) has skyrocketed by an astonishing 1041.91% in the past 24 hours, according to data from Shibburn. Over 6.54 million SHIB tokens have been permanently removed from circulation, marking a significant milestone for the community’s efforts to reduce the token’s supply.

Notably, two of the largest burns were conducted by the same wallet address, identified as “0x608….9fe80.” This wallet was responsible for burning 2.14 million SHIB across two transactions, highlighting the growing support among SHIB holders to drive down supply and increase the token’s scarcity.

Amid this surge in the burn rate, Shiba Inu’s market performance has started to reflect the excitement within the community. At the time of writing, the price of SHIB is $0.00001773, with a 24-hour trading volume of $478.38 million. The token’s market capitalization currently sits at $10.45 billion. Over the last 24 hours, SHIB has experienced a 3.88% price increase.

SHIB 1D graph coinmarketcap 4
Shiba Inu (SHIB) Gears Up for a Major Price Rally After Massive Burn Surge 3

Shiba Inu Eyes Bullish Surge

The recent spike in the burn rate has reignited discussions about SHIB’s price potential. Many in the crypto community believe the reduced supply could lead to an upward price movement.

A prominent crypto analyst, Javon Marks, has expressed a bullish outlook on Shiba Inu (SHIB), emphasizing the token’s potential for significant price appreciation. According to Marks, SHIB is demonstrating renewed strength as it successfully breaks out of a recently established falling wedge pattern.

Marks suggests that if the current trend continues, Shiba Inu could be on the verge of a major price rally. He predicts a potential surge of over 351%, targeting the price level of $0.000081.

image 13 9

This ambitious forecast has caught the attention of investors and traders alike, who are eager to see if the combination of a high burn rate and positive technical indicators can propel SHIB to new heights.

Related | TRON Ranks as the Fastest Blockchain, Dominated by Stablecoins

Shiba Inu (SHIB) Surges Past Key $0.00025 Resistance, Fueled by Whale Activity

by

In a significant milestone for Shiba Inu (SHIB), the popular meme coin, recently broke through the critical resistance level of $0.00025. This breakout presents a severe case scenario for gains in value because it is usually coupled with upswings.

SHIB’s rise is part of a broader ascent among meme coins, including PEPE, FLOKI, and Dogecoin. These coins have also been getting popular with more investors whose buying power has reached new records. The increasing demand for these meme coins underscores their favored status in the world of cryptocurrencies.

Shiba Inu has attracted massive attention from large investors, the so-called “whales,” who have started to rapidly increase their holdings. This interest from prominent investors in SHIB’s uptrend causes one to believe that perhaps the significant value of the token is just beginning to grow.

As of this writing, the price of Shiba Inu stands at $0.00002591, with a 24-hour trading volume of $649.86 million. The market cap is $15.27 billion, giving SHIB a market dominance of 0.57%. In the last 24 hours, the SHIB price has risen by 3.26%.

SHIB 1D graph coinmarketcap 2
Shiba Inu (SHIB) Surges Past Key $0.00025 Resistance, Fueled by Whale Activity 5

Shiba Inu in the Spotlight: Whale Activity Boosts Confidence

Recent data from Lookonchain reveals a substantial increase in whale activity. A notable SHIB investor spent 4,849 ETH (approximately $18.44 million) to purchase 715.9 billion SHIB. This investor has a history of significant gains, having previously spent around $400,000 to acquire 5.5 trillion SHIB in its early stages, later selling it for approximately $121 million during peak periods, realizing a profit of over $120 million.

In another report from Lookonchain, it was highlighted that nine wallets, including those of two whales, collectively spent $35.2 million to buy 1.356 trillion SHIB at an average price of $0.00002596 over the past 12 hours. This frenzied buying activity underscores the strong confidence among major investors in SHIB’s future prospects.

The recent surge in the price of Shiba Inu, coupled with significant whale activity, carries a positive picture for the cryptocurrency. With SHIB attracting huge amounts of holding and penetrating important resistance levels, its appreciation potential remains high. The whole market, including investors and enthusiasts, is keen on following the developments that hint SHIB is on the brink of undergoing another major value climb.

Related Reading | Filecoin (FIL) Aims for Bullish Breakout: Analyst Sets Target Range of $6.75 to $9.15

Shiba Inu (SHIB) Set To Break All Time-high: Analyst Foresees 222% Rise

by

Shiba Inu (SHIB) recently hit a major milestone, breaking the key resistance at $0.00025. This strongly indicates an imminent value surge, as breaking past resistance levels usually results in a huge price surge. SHIB has been on a 3% upswing over the last week, indicating strong buying momentum. Analysts are paying attention because they are overly optimistic about the price movement of SHIB, with most predicting huge gains in the week ahead.

SHIB rise is part of a more expansive trend with a handful of meme coins, including PEPE, FLOKI, and Dogwifhat. These are also among the more popularly favored coins seeing increased investor demand, with the purchasing value appreciating considerably. However, the strong demand for meme coins indicates a change in market dynamics, where alternative cryptocurrencies are gaining popularity.

At the time of writing, the price of Shiba Inu (SHIB) stands at $0.00002614. In the past 24 hours, the cryptocurrency has seen a trading volume of $994.73 million, and its market capitalization is valued at $15.41 billion. During this same period, the price of SHIB has dropped by 4.86%, while the overall sentiment is positive.

SHIBUSDT 2024 05 30 15 11 45
Shiba Inu (SHIB) Set To Break All Time-high: Analyst Foresees 222% Rise 8

Analyst Foresees 222% Rise for Shiba Inu

Renowned crypto analyst JAVON MARKS has shared an optimistic outlook on the price action of Shiba Inu (SHIB), indicating potential for significant gains. The analyst suggests that SHIB is currently in an “intermission” phase, setting up within a “massive bull flag” formation, which holds bullish signals. Recently, SHIB has shown considerable strength by breaking out of this bull flag, suggesting that the intermission phase might be ending.

Reflecting on a similar previous breakout, the analyst anticipates that the next phase for SHIB could be remarkably bullish, potentially leading to a swift increase of approximately 222%, propelling SHIB to new all-time highs above $0.0000886. Further technical analysis supports this prediction, indicating that such a climb would push SHIB above a critical level of $0.000081. This breakout could set the stage for an even higher target of $0.0001553.

image 39 10

The near future seems bright for Shiba Inu with these bullish indicators suggesting a major upward trajectory. Investors and fans are watching closely, optimistic about the projected gains in SHIB’s value. The combination of technical patterns and historical performance makes up a strong foundation for MARK to have bullish outlook.

Related Reading | Ethereum Whale Stakes $580M ETH in One Epic Move 

Analyst Predicts Shiba Inu to Reach $0.000081, Potential 210% Increase

by

Shiba Inu (SHIB) recently hit a major milestone, breaking the key resistance at $0.00025. It is considered a very strong indicator for an imminent value surge, noting the fact that breaking past resistance levels usually results in a heavy price surge.

SHIB has been running through a 9% upswing over the last week and presently indicates strong buying momentum. Analysts are paying attention since they are overly optimistic about what is yet to come for the price movement of SHIB, with most predicting huge gains in the week ahead.

The rise in SHIB is part of a more expansive trend with a handful of meme coins that also include PEPE, FLOKI, and DOGE. These are also among the more popularly-favored coins seeing increased investor demand, with the purchasing value appreciating a considerable rise. The strong demand for meme coins clearly indicates a change in market dynamics where alternative cryptocurrencies are gaining popularity and are offering good investment opportunities.

At the time of writing, Shiba Inu’s price is $0.00002576. The coin has a 24-hour trading volume of $726.79 million, reflecting the high activity level and investor interest. Its market capitalization stands at an impressive $15.18 billion, underscoring its significance in cryptocurrency. In the last 24 hours alone, SHIB’s price has increased by 1.09%, further cementing its upward trend.

SHIBUSDT 2024 05 22 23 11 05

Analyst Predicts 210% Surge for Shiba Inu to $0.000081

Crypto analyst Javon Marks has shared his optimistic outlook on the price trajectory of Shiba Inu (SHIB). According to Marks, SHIB has recently broken out of a “smaller” Bull Flag pattern, which could be the catalyst for another significant upward movement in its already impressive climb.

image 30 33

With this smaller breakout, Marks emphasizes that SHIB could continue its rise toward a target of $0.000081. This goal is an increase of more than 210% from the current price and over 3x its price, essentially in a real sense. The larger breakout pattern held by SHIB further supports this bullish view thus showing strong upward momentum.

Additionally, if shib passes through the $0.000081 stage, Marks believes that another huge jump of about 90% could occur, driving it to $0.0001553.The possibility would represent a momentous gain and may be indicative of a new chapter for growth in the shiba coin.

Related Reading |  Former FTX Executive Faces 5 to 7 Years in Prison, Prosecutors Demand 

Shiba Inu Price Set for Surge: Analysts Predict 50%-60% Rally

by

Shiba Inu (SHIB), the famous meme-based cryptocurrency, is gearing up for a massive value pump. Just now, SHIB has managed to hold the waves above its support and is recovering from $0.00002159. The challenging task for SHIB remains to conquer the critical resistance level, oscillating around $0.000025. However, a decisive move above this resistance could pave the way for a substantial price rally.

Shiba Inu prices traded at $0.00002395 at press time, accounting for a 24-hour trading volume of $264.84 million and a market capitalization of $14.11 billion. The SHIB price has gone down by 4.28% over the last 24 hours but has gained a positive pace in the last week to surge above 10%.

SHIBUSDT 2024 05 20 08 52 30

Analyst Predicts Shiba Inu 50%-60% Price Surge 

Crypto analyst Clifton FX recently shared a bullish outlook on Shiba Inu’s future price movements, highlighting a promising technical pattern. According to Clifton, the $SHIB token is forming a bullish pennant on the daily timeframe. 

In addition, a bullish pennant is a continuation pattern that typically indicates a period of consolidation before a breakout in the direction of the prevailing trend. Clifton FX suggests that if SHIB breaks out from this pattern to the upside, it could trigger a significant rally, potentially increasing the token’s value by 50-60%.

image 31

Moreove­r, Changelly has provided its latest pre­diction for Shiba Inu’s price, mirroring the optimistic view of Clifton FX. Change­lly anticipates that by May 21, 2024, SHIB will rise by 15.08%, arriving at a price of $0.00002755. This proje­ction is backed by multiple technical tools that Change­lly utilizes to gauge market se­ntiment and price trends.

Changelly Technical Analysis Indicators point at a 55% status of neutral bullish with regard to Shiba Inu. As much as the indicators are not over-optimistic, market sentiment keeps a little positive bias. Besides, the Fear & Greed Index records around 72 points, corresponding to the “Greed.” Often, high scores of Greed indicate that investors become more confident and willing to take risks in an advancing market environment, typically pushing prices higher.

Related Reading |  Ethereum Poised For Major Breakout as Analysts Eye $4,600 Target