Latest news with #SHIB
Yahoo
a day ago
- Business
- Yahoo
SHIB Under Pressure, Below Ichimoku Cloud After High-Volume Overnight Selling
Shiba inu SHIB, the world's second-largest meme token by market value, trades in the bearish territory below the Ichimoku cloud after facing high-volume selling overnight. The Ichimoku Cloud, a technical indicator developed by a Japanese journalist in the 1960s, is used to analyze market trends, identify support and resistance levels, and gauge momentum. It is composed of several lines and a cloud-like area, all of which provide insights into potential price movements. Crossovers above and below the cloud represent bullish and bearish shifts in market trends. SHIB experienced high-volume selling at key resistance at 0.00001307 on Sunday between 6:00 and 22:00 UTC, and subsequently fell back to 0.00001274, staying in the bearish territory below the Ichimoku cloud. Geopolitical tensions and shifting trade policies continue to influence cryptocurrency markets, with Shiba Inu (SHIB) demonstrating resilience amid broader economic uncertainty. While maintaining its newly established higher range, SHIB faces significant resistance as global trade disputes impact investor sentiment across both traditional and digital asset classes. Key resistance emerged at 0.00001307, with high volume selling pressure during the 16:00 and 22:00 sessions. Strong support formed at 0.00001275, backed by above-average volume during the 03:00 reversal. In the last hour, SHIB experienced significant volatility with a notable price surge from 0.00001289 to 0.00001293 during the 07:13-07:19 bullish momentum reversed sharply at 07:27, when prices dropped 1.2% to 0.00001283, forming a clear resistance zone around 0.00001293. The final 30 minutes showed consolidation between 0.00001283 and 0.00001285, with decreasing volume suggesting exhaustion following the earlier volatility. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Bitcoin, Ethereum, Solana, and more: The top 15 cryptocurrencies everyone should know
Cryptocurrency is a growing sector in finance, influencing how we approach financial systems and investment opportunities. Each digital asset in the market has its own features and potential. But with thousands of cryptocurrencies in existence, knowing which ones might be right for you can be a challenge. Whether you are new to digital assets or just looking to stay informed in the global financial conversation, understanding the more prominent cryptocurrencies can provide perspective on how the space is developing. Here are the top 15 digital assets that stand out for their market value, innovation, and adoption potential. Classified as a stablecoin — a type of cryptocurrency intended to maintain a consistent value — DAI is designed to minimize volatility through smart contracts (digital contracts stored on a blockchain) that adjust for supply and demand. It's governed by the MakerGAO protocol and backed by overcollateralized cryptocurrency assets, meaning the value of the collateral backing the crypto is always higher than the total value of the issued DAI. The goal of DAI is to maintain a ratio of 1 DAI to $1 USD. DAI is generally more stable than other cryptocurrencies, but it may fluctuate during times of market stress. DAI is widely used in the decentralized finance (DeFi) ecosystem — a system of financial applications built on blockchain technology that allows users to borrow, lend, trade, and earn interest without relying on traditional banks. It appeals to those who value decentralization and transparency. Tronix is the native cryptocurrency of the TRON blockchain platform. It gives users more control over their data and enables developers to create decentralized applications (DApps) — programs that run on a distributed network of computers rather than a central server. This decentralized approach often increases security and user control. After purchasing TRX through a cryptocurrency exchange, you can use it to tip content creators and purchase games and apps on platforms built on the TRON network. The SHIB cryptocurrency started as a meme-based joke, but it quickly became popular among crypto investors because of its community-driven nature and viral appeal. It was created by an anonymous figure known only as 'Ryoshi' to compete with Dogecoin, Elon Musk's favorite memecoin. It enticed buyers and captured attention with its playful mascot. SHIB also immediately stood out because it was one of the first to be controlled by community members who could actively participate. Like DAI, USDC is a stablecoin designed to keep the value of one unit as close to $1 USD as possible. The biggest difference between the two is that USDC is backed by fiat currency, government-issued money not backed by a physical commodity like gold and silver, which includes U.S. government securities and cash. USDC originally launched on the Ethereum blockchain but is now available on multiple platforms, including Polygon, Base, and Avalanche, increasing its accessibility across crypto ecosystems. Tether Limited introduced its cryptocurrency several years before USDC, DAI, and other stablecoins entered the market. Like USDC, Tether is pegged to the U.S. dollar, so its value remains stable over time. USDT is available on more than a dozen platforms, so it has a relatively high trading volume compared to other stablecoins. Instead of facilitating individual transactions, Ripple's XRP gives banks and other financial institutions a faster, more secure way to transfer money across borders. Another difference between XRP and other digital currencies is that it provides liquidity and converts one fiat currency to another. For example, XRP can be used to convert U.S. dollars to Chinese yuan in Ripple's cross-border payment system. Polygon isn't a separate network — it's a sidechain or scaling solution designed to work alongside Ethereum. Because of its popularity, Ethereum can be slow and costly. High transaction fees make it difficult for users to earn a return on small investments. Polygon helps by processing transactions off the Ethereum chain, reducing costs and preventing delays. MATIC, Polygon's native token, can be used for purchases, staking rewards on your crypto balance, and voting on proposed network upgrades. Developed by Ava Labs, the Avalanche network offers a faster and more scalable alternative to Ethereum and other high-traffic blockchain platforms. AVAX, its native token, is used for staking (earning rewards), transactions, and trading. What makes the Avalanche network stand out is its eco-friendly design. AVAX uses less energy than proof-of-work cryptocurrencies like Bitcoin, appealing to investors who want to trade crypto while minimizing their carbon footprint. Telegram, a cloud-based messaging service, originally developed the Telegram Open Network (TON) with the intention of launching a cryptocurrency known as Gram. The company raised more than $1 billion in a private token sale, but had to abandon its plans when the Securities and Exchange Commission filed a lawsuit alleging that Telegram raised the funds by selling unregistered securities. After Telegram withdrew from the development and launch of the TON blockchain and Gram token, the project continued to develop under the name 'The Open Network' and became community-led. Telegram continues to allow its users to send TON cryptocurrency directly within the messaging app, despite no longer controlling the project. Jackson Palmer and Billy Markus created Dogecoin as a satire to highlight the volatility of the early cryptocurrency market. While it started off as just a memecoin, DOGE gained traction, becoming a viable alternative to Bitcoin and Ethereum. Elon Musk further boosted DOGE by frequently referencing it on social media, and eventually using its ticker symbol as the shorthand for his Department of Government Efficiency. Like other cryptocurrencies, DOGE can be used for online tipping, charitable donations, investing, and quick, low-cost payments. Named after Ada Lovelace, a mathematician whose work helped make modern computer programming possible, ADA is the native coin for the Cardano platform. While Cardano supports smart contracts, it doesn't consume as much energy as other blockchain platforms, giving users a more sustainable option. Cardano also uses a unique proof-of-stake system to validate transactions, making the platform more secure and scalable. The Solana platform offers the same basic functions as other blockchain platforms, but with faster transaction speeds. You can send money to someone thousands of miles away in seconds. Solana's founders also wanted to keep fees low, making the platform highly attractive to users who want to make small payments rather than deposit hundreds of thousands of dollars. Developed by Binance, one of the biggest players in the crypto industry, BNB enables users to earn rewards, send payments, play games, and cover transaction fees. One reason for BNB's popularity is that Binance regularly burns a portion of its digital tokens, reducing supply and potentially increasing the value of the remaining cryptocurrency. Less than a year after Ethereum launched, hackers stole $50 million from the DAO, one of the network's largest decentralized apps. The theft led to a split in the Ethereum community and resulted in the creation of Ethereum (ETH) and Ethereum Classic (ETC). Despite this, the platform's momentum stayed strong, and developers continued to use Ethereum to build decentralized applications and make payments, which resulted in unprecedented growth. Ethereum has even been able to reduce its energy consumption by switching from a proof-of-work system to a proof-of-stake system — a move that began with the Ethereum 2.0 upgrade. As the original digital payment token introduced to the public in 2008, Bitcoin is used by investors and consumers for value exchange — trading digital assets for other assets — and purchases. Developed by an anonymous group or individual using the pseudonym 'Satoshi Nakamoto,' BTC is one of the largest and most well-known cryptocurrencies. This worldwide cryptocurrency is open source, meaning it isn't owned by any one person and everyone can use it. It was also one of the first cryptocurrencies to receive support from major companies, including Tesla, PayPal, and Microsoft. Since its launch, Bitcoin has undergone several updates, making it faster, more efficient, and more scalable. For the latest news, Facebook, Twitter and Instagram. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Shiba Inu Struggles for Direction as Billions of SHIB Tokens Hit Exchanges
From May 29 to May 30, 2025, SHIB experienced marked volatility with prices varying between $0.000013252 and $0.000014508, according to CoinDesk Research's technical analysis data model. A critical support level emerged around $0.000013285, where buying pressure was noticeable, triggering upward reversals. In contrast, resistance near $0.000014500 indicated waning upward momentum. As SHIB's price stabilized around $0.000013390 towards May 30's end, a decline in trading volume suggested investor caution. Macroeconomic factors, such as heightened geopolitical tensions and shifting trade policies, contributed to the increased volatility observed in the cryptocurrency market, including SHIB. Furthermore, the microeconomic backdrop featured an influx of over 2 trillion SHIB tokens into exchanges, which paired with a descending triangle pattern, indicated possible bearish movements. These market dynamics pushed SHIB's price to remain fairly constrained, despite broader market gains. Technical Analysis Highlights SHIB saw volatility with price oscillating between $0.000013252 and $0.000014508, marking an 8% range. Strong price support was detected around $0.000013285, sparking upward reversals. Resistance was noted near $0.000014500, where the price momentum weakened. Final hour prices stabilized at approximately $0.000013390, with reduced trading activity. External References "Shiba Inu Price Prediction: Is a SHIB Collapse Coming? 2 Trillion Tokens Flood Exchanges", Crypton ews, published May 28, 2025. "Shiba Inu Targets $0.000017 Amid Triangle Breakout Hopes", The Crypto Basic, published May 29, 2025. "Shiba Inu (SHIB) Price to Pump by 17%? Top Analyst Spots Breakout Signal", CoinPedia, published May 29, 2025. "Analyst Identifies Key Trading Setup for Shiba Inu in Current Price Range", Coin Edition, published May 30, 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
SHIB Stalls Below Key Resistance as Whale Activity Collapses 83%.
The cryptocurrency market continues to navigate choppy waters as global economic tensions weigh on investor sentiment. Shiba Inu has established a resistance zone around $0.00001467-$0.00001470, where high-volume selling has prevented upward movement, according to CoinDesk Research's technical analysis data model. The formation of lower highs since recent peaks indicates increasing bearish pressure, though the token has found support between $0.00001426-$0.00001436. Recent data shows Shiba Inu experienced a dramatic 74% decline in large transaction volumes, falling from 5.76 trillion SHIB to just 1.47 trillion in five days. This significant drop in whale activity has created a liquidity contraction in the ecosystem, with both inflows and outflows declining by over 80% in the past month. Despite these challenges, several analysts maintain bullish outlooks on SHIB's future. Some point to the token's expanding ecosystem, including Shibarium development, as reasons for long-term optimism. Changelly analysts predict SHIB could reach $0.0001 by 2029, while more ambitious forecasts suggest a potential $0.01 price point by 2040, though this would require significant supply reduction through token burns. Technical Analysis Highlights SHIB exhibited notable volatility over the 24-hour period, with prices ranging from a high of $0.00001469 to a low of $0.00001425, representing a range of 3%. The token established a significant resistance zone around $0.00001467-$0.00001470, where high-volume selling emerged during the 13:00 and 17:00 hours, preventing further upward movement. Support levels formed at $0.00001426-$0.00001436, with the price bouncing off these levels multiple times, though the declining volume profile suggests waning buyer interest. The formation of lower highs since the 17:00 peak indicates increasing bearish pressure, with the price ultimately settling at $0.00001430, down 1.78% from the period's high. In the last hour, SHIB demonstrated a notable recovery pattern, climbing from $0.00001427 to $0.00001431, representing a 0.28% gain. The token established a strong support zone at $0.00001429-$0.00001430, which successfully held during multiple tests at 07:26 and 07:30. Volume analysis reveals increasing buyer interest, with significant accumulation occurring during the 07:41-07:44 period when prices reached the session high of $0.00001436. The formation of higher lows since 07:56 suggests building bullish momentum, though resistance remains at the $0.00001433-$0.00001435 level where selling pressure emerged at 07:55. External References "Shiba Inu (SHIB) Price Prediction for May 28: Can Bulls Retake $0.00001573 as Price Squeezes?", Coin Edition, published May 27, 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
SHIB Surges 5% After Mid-Day Dip, Defying Economic Tensions
Geopolitical tensions and shifting trade policies continue to influence cryptocurrency markets, with Shiba Inu 's SHIB token demonstrating remarkable resilience amid broader economic uncertainty. After experiencing a significant mid-day sell-off, SHIB staged an impressive recovery during the 22:00 hour, surging 3.0% on nearly 900 billion in volume before establishing a new resistance level at $0.0000147. Technical Analysis Highlights HIB established a trading range of 0.000007 (5.24%) between the low of 0.0000139 and high of 0.0000147 over the 24-hour period. The token experienced a significant sell-off during the 15:00 hour, dropping to its lowest point before finding strong volume support. A decisive recovery occurred during the 22:00 hour where price surged 3.0% on nearly 900 billion in volume. Bullish momentum continued into the final hours, with SHIB establishing a new resistance level at 0.0000147. In the last hour, SHIB experienced notable volatility with a 4.5% price swing between the low of 0.00001453 and high of 0.00001463. After establishing support at 0.00001455, SHIB staged a strong recovery beginning at 01:26, surging to 0.00001463 by 01:46 on increasing volume that peaked at 30.15 billion. Momentum faltered in the final 15 minutes as selling pressure emerged, creating a descending channel that brought prices back to 0.00001457. External References "Shiba Inu (SHIB) Bucks Market Slump With Unexpected Show Of Price Strength", Coin Edition, published May 23, 2025. "Shiba Inu Price Hints at $0.000020 Next as New Cryptocurrency Mutuum Finance Goes Viral With 12380% Price Prediction", Cryptopolitan, published May 26, 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
