Shiba Inu's open interest rose 13.4% to $52.79 million, with a 4.03% price uptick on August 14, indicating short-term bullish momentum. However, technical analysis shows the price hit a strong resistance zone and momentum indicators favor bears, suggesting a potential sell-off. Traders are advised to consider selling unless Shiba Inu breaks above $0.00000518, which would shift the outlook bullish. Overall, the bounce appears to be a retest of resistance rather than a sustained rally.
Shibarium, the layer-two network of Shiba Inu, has seen its decentralized exchange (DEX) volume drop sharply by 97.46% over the past week, falling to just $1.81. This decline reflects the broader bearish trend in Shiba Inu's price and cautious invest...
Shiba Inu saw a net exchange outflow of about 1.2 billion tokens in 24 hours, but this amount is too small relative to its massive total supply of nearly 1 quadrillion tokens to impact the price meaningfully. Exchange reserves remain high at 87.33 tr...
Bitway surged 13.6% to $0.3030, driven by anticipation of its upcoming network upgrade, boosting its market cap to $819.18 million. Meanwhile, Uniswap dropped 6.9% to $3.22, likely due to regulatory pressures in the DeFi sector. Other altcoins like I...
The official Shiba Inu (SHIB) X account exhibited unusual behavior by following a low-cap meme coin and posting a comment, prompting community concerns of a possible hack or security breach. A prominent community member warned investors to treat any ...
Shiba Inu has burned over 11 million SHIB tokens recently, marking the highest daily burn since late July and indicating renewed network activity after weeks of dormancy. This burn increased the total tokens removed from circulation in the past month...
