Shiba Inu (SHIB) recently formed a golden cross on its hourly chart, indicating a short-term bullish signal as the 50-day moving average crossed above the 200-day moving average. This comes after a two-day price decline influenced by inflation concerns and interest rate fears. Despite this, SHIB rebounded from a low of $0.00000455 to an intraday high of $0.00000489. However, the broader trend remains weak with bearish sentiment prevailing, and the rally faces resistance at key daily moving averages of $0.00000573 and $0.0000066. Additionally, SHIB received positive news as Japan's Mercari marketplace added the token, potentially increasing its user base.
The U.S. SEC has approved NYSE Arca's proposal to list the T. Rowe Price Active Crypto ETF, an actively managed fund that can hold a variety of cryptocurrencies including Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Shiba Inu. This ETF aims for long...
Shiba Inu (SHIB) has seen a 20% increase in exchange outflows, indicating some investors are moving tokens to private wallets, which typically reduces selling pressure and could lead to a price rebound. However, the outflows are still too small to si...
Shiba Inu (SHIB) has surpassed the $0.000005 mark following the U.S. SEC's approval of T. Rowe Price's Active Crypto ETF, which includes SHIB among 15 tokens. This ETF, managed actively with dynamic portfolio changes, could trigger a price breakout i...
Shiba Inu burned 4.99 million tokens in the last 24 hours, but the burn rate only increased by 20.86%, showing little movement. Over the past week, 17.32 million SHIB were burned, with the weekly burn rate actually falling by 14.42%, reflecting weak ...
Over 64 billion Shiba Inu (SHIB) tokens were transferred across exchanges within 24 hours, indicating heightened market activity. This surge comes as SHIB faces technical weakness, trading below key support and moving averages, suggesting a bearish t...
