Latest news with #ShibaInu
Yahoo
a day 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
Economic Times
a day ago
- Business
- Economic Times
Bitcoin slips below $106k amid renewed geopolitical, economic uncertainty
Bitcoin fell below the $106,000 mark on Friday, trading at $105,857 as of 12:14 PM IST after hitting an intraday low of $104,684. The correction comes amid rising macroeconomic uncertainty and renewed global tensions, dragging the broader crypto market lower. The total market capitalization declined 2.12% to $3.34 trillion, according to CoinMarketCap. ADVERTISEMENT Ethereum also came under pressure, shedding 4% to trade at $2,616. Most major altcoins followed suit. Dogecoin dropped 7.5%, Shiba Inu fell 7.3%, Avalanche declined 8%, while Cardano, Solana, and XRP slipped between 4–5%. Chainlink and Sui also posted losses, while BNB saw a relatively milder decline of 2%. 'Bitcoin is consolidating near $106,000 amid geopolitical uncertainty, as stalled US–China trade talks have revived trade war concerns,' said Edul Patel, CEO of Mudrex. He noted that weaker US economic data, including a GDP contraction in Q1 and rising jobless claims, is further weighing on sentiment. 'BTC needs to reclaim the $108,000 level for sustained momentum. Without follow-through buying, it could test the $103,700 level.' Vikram Subburaj, CEO of Giottus, attributed the sharp drop below $105,000 to 'uncertainty regarding US tariffs,' adding that Bitcoin has recovered some ground but must consolidate at higher levels to avoid structural weakness. He pointed out that institutional demand remains strong, citing Coinbase's Premium Index staying positive for 20 straight days. Open interest in crypto has surged to $75 billion, nearing record highs, with a cluster of short positions between $107,000 and $113,500 potentially setting up the market for a short dominance has risen to 63%, with a market cap of $2.1 trillion. Daily trading volume has increased 14.5% to $58.83 to the CoinSwitch Markets Desk, adding to the volatility, Bitcoin saw a $471 million outflow from ETFs this week. Still, institutional interest appears intact. Meanwhile, Delta Exchange's Riya Sehgal highlighted a record $6.22 billion inflow into the iShares Bitcoin Trust ETF in May. She noted that Bitcoin remains under short-term bearish pressure, trading below both its 50-day and 200-day moving averages. ADVERTISEMENT In a separate development, Pakistan's newly formed crypto council announced plans to build a strategic Bitcoin reserve. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Yahoo
3 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
5 days ago
- 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
Yahoo
5 days ago
- 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.
