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Large-holder transactions in Shiba Inu (SHIB) have registered a 79% decline during the past three months. The decrease in whale transactions leads to SHIB’s price drop because institutions show less trust in the asset. According to analyst Ali Martinez, transactions exceeding $1 million have sharply decreased, contributing to weaker market conditions. Lower high-value trades indicate that major investors are either reducing their holdings or pausing further accumulation. As a result, liquidity has suffered, leading to increased volatility in SHIB’s price movement. Whale activity on the #ShibaInu $SHIB network has declined by 79% over the past three months. pic.twitter.com/sKPfZEdvgS The price movement of SHIB depends strongly on how Market Levels of support along with Market Resistance areas function The SHIB coin sustains its price at $0.000016 level before reaching the $0.000021 block for resistance. The cryptocurrency faces potential difficulty in recovering unless whale transactions increase because bearish technical indicators dominate the market. Market conditions indicate conservative attitudes combined with missing investor support from large players that causes SHIB to stay under constant price decline risks. The SHIB network experiences reduced whale action that matches the asset’s trending price devaluation. The significant drop in transactions performed by large investors indicates they might be selling out their holdings. Market liquidity deteriorates when whale activity weakens which produces substantial price fluctuations and generates instability in the market. Data from Coinglass highlights a pattern of outflows that have exacerbated SHIB’s price decline. Significant capital exits, particularly those exceeding $30 million in late May, early November, and mid-December, coincided with sharp drops in price. The largest outflow event, surpassing $50 million in November, further contributed to SHIB’s downward trend. SHIB shows $0.00001523 during current trading with a 2.48% downward movement since yesterday followed by a 9.58% decrease from last week. The combination of market capital value at $8.97 billion along with $229.2 million trading volume demonstrates ongoing market selling conditions. The bearish market analysis receives backing from technical indicator readings. Investment indicators demonstrate that the Relative Strength Index (RSI) currently measures 39.62 as it gets close to oversold levels. The Flint Stone value chart shows this market is susceptible to price inversion when the RSI reading dips below 30. A rise of the asset above 50 marks a confirmed movement of market momentum because of this condition. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Shiba Inu (SHIB) is forming a large inverse head and shoulders pattern, signaling strong bullish momentum. Analysts predict a potential breakout that could push prices over 400% higher, targeting the $0.000081 mark. According to Javon Marks’ analysis, SHIB’s time frame is forming an inverse head and shoulders pattern, indicating a possible trend reversal. The left shoulder developed after a decline, followed by a temporary recovery and another drop. The head formed at a lower level, marking the lowest point in the structure. A right shoulder then emerged, maintaining symmetry with the left shoulder. Price movements leveled off at a horizontal support level when the right shoulder formed. When the price breaks above the neckline, this pattern has historically resulted in significant reversals. A breakout might validate the bullish setup and possibly start a long-term upward trend if SHIB keeps this structure. The price fluctuations in the past show a recurring pattern of accumulation, breakout, and expansion. SHIB has followed this pattern consistently, forming higher peaks over time. The projected price movement suggests a breakout towards the $0.000081 level, representing over 400% growth. Fibonacci retracement levels align with critical resistance zones, reinforcing potential breakout points. The resistance level above the shoulders has previously limited upward momentum. A breach of this level could validate the next leg of the uptrend, signaling further price appreciation. Marks highlights that SHIB appears to be finalizing its right shoulder . If the market structure remains intact, the token could be on the verge of a major breakout. Additionally, past market cycles support this pattern, with prices surging after breaking key resistance levels. If SHIB maintains the current trajectory, a price discovery phase could follow, leading to substantial gains. The neckline remains a crucial indicator, as breaking above it could confirm the bullish continuation. Overall, SHIB’s market structure demonstrates a strong accumulation and breakout cycle. If the formation holds, the expected price movement could mirror previous bullish runs, driving significant gains. The pattern aligns with historical market behavior, reinforcing the possibility of a sustained uptrend. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The field of cryptocurrencies maintains quick advancement while major stakeholders advance essential innovations to boost usability and generate superior benefits to users. StormX together with Cardano and Dogecoin establish their position through crypto cashback rewards and decentralization of applications as well as building powerful community-based adoption models. These digital assets drive financial world changes by leveraging blockchain innovations together with viral internet cultural influences. The different impacts of these platforms are highlighted in the following information. Current price: $0.005311 Market cap:$65.55M The cryptocurrency-based cashback platform StormX pursues ongoing development of its worldwide presence. The company established itself in 2015 with a service that enables users to collect cryptocurrency during their online shopping. Customers can earn cashback rewards through the mobile app and browser extension features of StormX while the company collaborates with Samsung Nike and Lego and other leading enterprises. Users who stake the STMX token can further boost their rewards. Investments from Blockfolio, the Litecoin Foundation, and Kyber Network have contributed to the company’s growth. StormX is attracting attention by offering cashback of up to 87.5% for selected purchases. Current price: $0.7664 Market cap:$26.98B Cardano operates as a proof-of-stake blockchain platform which continues building its technology base for decentralized applications and smart contracts. Cardano launched in 2017 with the purpose of demystifying centralized power systems through improved security while increasing transparency for all users. ADA functions as the native token of the Cardano blockchain which lets owners engage in network management operations. The Alonzo hard fork activated smart contract functionality during its launch in September 2021 and enabled more than 100 smart contracts to operate successfully during the first day. The technology from Cardano has started its implementation in supply chain monitoring and safe credential management systems. Current price: $0.2440 Market cap:$36.14B Dogecoin remains an important cryptocurrency because it started its journey in the crypto space as an entertaining digital payment system. The Litecoin fork of 2013 led to the creation of Dogecoin by Billy Markus and Jackson Palmer. Beyond its initial reputation as a meme cryptocurrency Dogecoin built popularity with a Shiba Inu as its brand symbol. Executives at Tesla led by Elon Musk have done multiple social media promotions of Dogecoin which helped keep it in the public eye. The Dogecoin community actively supports different projects which bolsters the accessibility of this digital asset. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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TL;DR Shiba Inu’s price faces further downside risks due to a sharp drop in Shibarium activity, a collapse in the burn rate, and other factors. However, a predominantly negative exchange netflow suggests investors might be moving SHIB off exchanges into self-custody, potentially easing selling pressure and hinting at a short-term price rebound. What Signals a Severe Pullback? The second-biggest meme coin has not been in good shape lately. Its price has fallen over 25% in the past month, currently trading at roughly $0.00001543. SHIB Price, Source: CoinGecko Some key elements indicate the meme coin might be headed for a deeper correction. One of those is the decreased Shibarium activity. Daily transactions processed on the layer-2 scaling solution have dropped from over 4.5 million last week to under 100,000 on February 17. Shibarium is specifically designed to foster the development of the Shiba Inu ecosystem, and its further advancement could positively impact the price of the underlying token. Conversely, its stalled progress may have the opposite effect. Next on the list is Shiba Inu’s burning program. The burn rate has collapsed 95% over the last 24 hours, resulting in just 1.7 million tokens sent to a null address. The mechanism’s ultimate goal is to reduce the circulating supply of SHIB, potentially making it more valuable in time. Lastly, we will touch upon the overall bearish environment of the entire meme coin niche. The sector’s total market capitalization has slipped by 5% in the past day, currently set at less than $75 billion. The vast majority of the memes, including Dogecoin (DOGE), Pepe (PEPE), Official Trump (TRUMP), Bonk Inu (BONK), Floki Inu (FLOKI), and many more have recorded substantial losses. Meme coins are often driven by hype, community sentiment, and speculative trading. A downtrend of the entire sector can dampen enthusiasm, leading to reduced trading volume and selling pressure on numerous tokens, including SHIB. Something for the Bulls Despite the aforementioned bearish factors, it is not all doom and gloom, with one on-chain metric suggesting a possible price reversal in the short term. This is Shiba Inu’s exchange netflow which, according to CryptoQuant, has been predominantly negative in the last month. The development signals about a potential shift from centralized platforms toward self-custody methods, which in turn, reduces the immediate selling pressure. The post Another Shiba Inu (SHIB) Price Crash Ahead? 3 Factors Driving Bearish Sentiment appeared first on CryptoPotato.