Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
bitcoin
Bitcoin (BITCOIN)
$103,570 1.81%
ethereum
Ethereum (ETHEREUM)
$2,638 8.48%
binancecoin
BNB (BINANCECOIN)
$660.80 2.63%
solana
Solana (SOLANA)
$179.72 6.58%
ripple
XRP (RIPPLE)
$2.55 4.39%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.25%
pepe
Pepe (PEPE)
$0.000014 7.80%
bonk
Bonk (BONK)
$0.000023 9.16%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Shiba Inu Faces Resistance at $0.000017 Amid Market Fluctuations

Shiba Inu (SHIB), the prominent meme coin, is currently navigating through a rough patch in the cryptocurrency market. According to the latest data, SHIB has been trading at $0.00001724, marking a surge of  2.09% in the last 24 hours. This upward trend reflects a broader sentiment in the meme coin sector, which has recently experienced substantial volatility.

Source: CoinMarket Cap

Shiba Inu’s market cap stands at about $10.16 billion, placing it among the top cryptocurrencies in terms of valuation. Despite the recent dip, trading volumes have declined by over 21%, indicating a robust trading activity amounting to $238 million over the past day. This decrease in volume may suggest that while the price is up, investor interest remains high, potentially setting the stage for a potential increase.

Advertisement

Banner

Shiba Inu Oscillates Near Support Levels Amid Market Uncertainty

Shiba Inu (SHIB) is currently showing signs of consolidation as it oscillates near key support levels, indicating a period of uncertainty. The cryptocurrency has been hovering above $0.000017, with minor fluctuations that reflect broader market sentiment. This level of activity is mirrored in the coin’s technical indicators, which present a mixed outlook.

The MACD (Moving Average Convergence Divergence) is almost flat, with the signal line just below the MACD line, suggesting a lack of strong momentum in either direction. This could be interpreted as a period of equilibrium where neither bulls nor bears have definitive control over the market direction.

Source: TradingView

The Stochastic RSI (Relative Strength Index) presents a more dynamic picture, currently pointing upwards from the middle of the range towards the overbought territory. This could suggest an impending increase in buying pressure, potentially leading to a price uptick if sustained. However, the proximity of the MACD lines indicates that any upward movement might not be very aggressive, likely resulting in continued price stability rather than a sharp rally

Shiba Inu Clings to Support Amid WazirX Hack Fallout and Market Uncertainty

SHIB has been trading just above its support level, demonstrating cautious investor sentiment following recent market developments. Prices of SHIB dipped after hackers made away with a significant amount of this meme coin during the WazirX hack incident. This event has led to considerable erosion in investor confidence, as shown by a substantial decrease in future open interest in Shiba Inu futures contracts. According to data from CoinGlass, from mid-March until late July, future open interest for SHIB had declined significantly since July 19th, the day after the hack.

Source: Coinglass

The reduction in open interest indicates reduced speculative activity and a general bearishness among traders. Despite the challenges ahead, there may be some light at the end of the tunnel for Shiba Inu. Lucie reacted to BlackRock’s ETHA promotional video, stating that despite continued FUD (Fear, Uncertainty, and Doubt) from critics, the emergence of a BlackRock Ethereum ETF video could serve as an inflection point.

There is firm resistance at $0.00002000 for Shiba Inu. A sustained push above it might indicate a wider market recovery, pushing prices towards higher levels of resistance. Alternatively, SHIB may retest support areas around $0.00001650 if the bearish momentum persists.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner