Fun

Shiba Inu Market Struggles Might Just Be The Calm Before A 400% Storm

News Feed - 2025-02-25 12:02:30

Este artículo también está disponible en español.


The once dominant Shiba Inu (SHIB) is enduring a severe cryptocurrency downturn, seeing a significant 26% price reduction in the last month. Current data indicates the meme token is trading at $0.00001476, with a market capitalization of around $8.7 billion. Despite a slight 1.35% increase in the past 24 hours, SHIB’s general trend remains bearish, indicative of larger market concerns. Related Reading Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks 8 hours ago Whale Exodus Endangers Shiba Inu Stability


Despite concerns over bearish indicators, some analysts spot optimism in SHIB’s price action. Crypto specialist Javon Marks highlighted an Inverse Head & Shoulders pattern, a formation that typically signals a potential price reversal.


According to Marks’ estimate, this configuration might raise SHIB by 400%, bringing its value to $0.000081. However, considering the state of the market today, such projections require careful interpretation. $SHIB (Shiba Inu) prices maintaining the structure of a large Inverse Head & Shoulder and with the $0.000081 target still in play, an over 402% run to reach it could come out of this! https://t.co/WwgfDoTpcU pic.twitter.com/wuZ6c2yrlY


— JAVON⚡️MARKS (@JavonTM1) February 22, 2025 Technical Analysis Paints Contrasting Picture


With $111 million worth of trades every 24 hours, SHIB controls 0.30% of the entire market. But investors don’t seem to be as sure of themselves because large transactions on the Shiba Inu network have dropped by more than 80% in the last 12 weeks. The sharp decline in whale activity shows that big players’ trust is fading, which makes crypto advocates worry about the short-term future of the coin.


Critical Support Levels Under Examination


Market analysts are attentively observing two critical support levels that may dictate SHIB’s outcome. The primary support level is set at $0.000011, with a secondary support established at $0.000008. SHIB market cap currently at $8.6 billion. Chart: TradingView.com


These price levels signify essential thresholds where purchasing demand has traditionally arisen to mitigate negative tendencies. A break beneath these thresholds could precipitate a more pronounced decline, whereas effective defense may restore buyer trust. Related Reading Against The Tide: SEI Climbs 16% As Market Wobbles Post Bybit Hack 23 hours ago The Road Ahead For SHIB


The next few weeks will likely make or break Shiba Inu’s market situation. With a drop of 8% this week and a monthly loss of the same amount, the token is facing mounting challenges.


The significant disparity between the diminishing interest in whales and the positive technological forecasts has created ambiguity. A decline in large-scale transactions indicates that traders may exercise increased caution, while some maintaining optimism for an unexpected reversal.


As investors and holders monitor these developments, SHIB’s short-term trajectory may hinge on its ability to maintain its present price within a secure range.


Featured image from Gemini Imagen, chart from TradingView

News Feed

Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $30,000 as Balenciaga Greenlights Crypto Payments
Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $30,000 as Balenciaga Greenlights Crypto Payments Bitcoin rallied to above $30,000 to start the week, as bulls returned to cr
Solana Horizontal Support Under Pressure – Bearish Target At $142
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin Completes Retest Phase: Only One Thing Left For A $110,000 Price By December
Este artículo también está disponible en español. The Bitcoin price action was marked by ups and downsin the just concluded week, serving as a reminder of the volatile na
ECB Expects Worse Recession in Europe Than Global Economy
ECB Expects Worse Recession in Europe Than Global EconomyThe European Central Bank (ECB) expects the European economy to suffer a more severe recession than the global economy. Coun
Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet
Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency
Microsoft Is Testing an Ethereum Wallet in Its Edge Web Browser
Microsoft Is Testing an Ethereum Wallet in Its Edge Web Browser Microsoft, the software conglomerate, has introduced an Ethereum-based cryptocurrency wallet in the testing version
Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security
Binance US Delists Crypto Token "out of an Abundance of Caution" After SEC Says It"s a Security Binance’s U.S. platform is delisting crypto token amp after the Securities an
Yashu Gola4 hours agoXRP price faces Q4 rout and 20% dropXRP has entered a strong correction cycle after testing a multiyear resistance trendline. Is the bull market on pause for now?3507 Total views33 Total sharesListen
A Tale Of 3 Mayors And Bitcoin’s Climb From $754 To $107,000
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to "Stand Behind USDC and Cover Any Shortfall" On Saturday, March 11, 2023, Circle Financial updated the public ab
US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency
US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency U.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from dev