SHIB

Shiba Inu

Crypto news digest: Ex-Ripple CTO reacts to XRP price; SHIB faces “mark of the beast”; DOGE clears zero for eight hours.

Shiba Inu is showing renewed strength after defending a key support level during recent market volatility. The meme coin now shows early signs of recovery as broader crypto momentum improves. Analysts say the latest price reaction could open the path for a short-term rebound. Shiba Inu Reclaims Support After Brief Decline Shiba Inu recently tested a crucial support zone before quickly rebounding, according to market analyst SwallowAcademy. The analyst said the token retested a local bottom between $0.00000544 and $0.00000520 on the one-hour timeframe. Earlier analysis outlined two potential scenarios. One scenario suggested a bounce from the $0.0000055 support region. However, that outcome did not materialize immediately as bearish pressure pushed prices lower. The decline on March 5 forced Shiba Inu to revisit the deeper local support area. Despite the drop, the token did not remain there long. Buyers stepped in quickly and lifted the price back above the $0.0000055 demand zone. SwallowAcademy noted that the recovery aligns with the second scenario outlined in Thursday’s analysis. According to the analyst, the swift rebound signals strengthening momentum on lower timeframes. Shiba Inu had shown moderate growth earlier in the week. The token rose 4% on March 4, reaching an intraday high of $0.00000586. It later closed around $0.00000570. However, the rally did not last. The following day brought renewed selling pressure. A 3% drop pushed the price back toward $0.0000055. Meanwhile, the broader crypto market showed improving sentiment. Bitcoin climbed above $68,000, a level last seen in early February. Shiba Inu followed the trend but delivered a smaller gain compared to Bitcoin. Analysts Outline Potential Uptrend Targets SwallowAcademy’s chart analysis highlighted measured price targets following the successful support retest. The first resistance target stands at $0.00000586. This level matches the intraday high recorded on March 3. At the current market price of $0.00000558, Shiba Inu sits about 5% below that level. The analyst said a break above that resistance could open the path toward a second target at $0.00000644. That move would represent a 15.6% increase from the current price. The $0.00000644 level also aligns with the area where Shiba Inu peaked on February 26. Analysts often view such levels as key resistance zones. SwallowAcademy described these objectives as smaller targets on the lower timeframe chart. The analyst suggested that stronger bullish momentum could develop on higher timeframes. Previous analysis from the same commentator projected a potential move above $0.0000085. The forecast relied on a bullish chart formation that may emerge if momentum continues. However, the analyst cautioned that the scenario remains uncertain. Bears still hold considerable influence over the market structure. For now, Shiba Inu’s next move depends on broader crypto conditions. Sustained market strength could help the token push toward the outlined resistance levels.

Is the SHIB supply on exchanges shrinking? Binance records a 733 billion Shiba Inu outflow as total reserves hit 52.5 trillion. See what this means for the SHIB ecosystem.

Shiba Inu participant's social media account breach triggers alert for SHIB community.

XRP price rebounds strongly while XRPL payment volume plunges sharply overnight. Network activity drops over 70% despite XRP market recovery. Traders watch XRP closely as on-chain usage weakens during price rebound. The broader cryptocurrency market recovery has helped push XRP h...

Amid a broader bearish trend, Shiba Inu lies at a crucial support area, and how it reacts will determine its next price direction. Shiba Inu sits at a critical price level, following a failed attempt to move higher. Visit Website

AI predictions from Grok and ChatGPT have provided insights into how high the Shiba Inu price could rise if Dogecoin hits $10. Notably, such rallies would put the market caps of these meme coins at levels that would need the crypto market cap to reach trillions of dollars for DOGE and SHIB to reach these price levels. AI Predicts How High Shiba Inu Price Could Reach If Dogecoin Hits $10 Grok made two predictions about how high the Shiba Inu price could reach if Dogecoin hits $10, based on percentage-gain and market-cap-ratio scenarios. A rally to $10 for DOGE is a 105x gain from its current price level. This means that SHIB could rise from its current price level to around $0.00058 if it mirrors a similar percentage gain. This would also give SHIB a market cap of around $340 billion based on its circulating supply of 589 trillion coins. Related Reading: Is It Time To Give Up On Dogecoin And Shiba Inu? On-Chain Metrics Has Answers ChatGPT also drew the same conclusion, predicting that the Shiba Inu price could rally to $0.0005967 if it grew at the same rate as Dogecoin during its rally to $10. Grok noted that both meme coins could grow at the same rate because they often move in tandem as they are leading meme coins with overlapping communities. Notably, both meme coins also share a positive price correlation of between 0.78 and 0.83. Meanwhile, for the market cap ratio scenario, Grok noted that this is more grounded as SHIB has a far higher supply than Dogecoin. SHIB’s current market cap is $3.26 billion, while DOGE’s is $14.3 billion. A rally to $10 would give Dogecoin a $1.5 trillion market cap. If SHIB were to capture 10% of this projected market cap, then the Shiba Inu price could reach a market cap of $150 billion, which equates to a price target of $0.00025. Furthermore, the Shiba Inu price could rally to $0.00063 if it captures 25% of Dogecoin’s projected $1.5 trillion market cap. Meanwhile, it would reach $0.00127 and $0.0025 if it captures 50% and 100% of the market cap, respectively. Factors That Affect Such Bullish Momentum Grok noted that SHIB’s supply of around 589 trillion tokens makes it harder for the Shiba Inu price to reach such high valuations than Dogecoin, which has an infinite but slower inflation. As such, Shiba Inu will need extreme burns for it to reach these high price targets. Notably, SHIB burns have slowed in recent times due to low demand amid the crypto market downtrend. Related Reading: Dogecoin Vs. Shiba Inu: What Meme Coin Should You Buy For Most Returns In 2026? Grok also mentioned that meme coins are volatile and sentiment-driven and that Elon Musk’s tweets, broader crypto bull runs, or hype can cause outsized moves. However, for Dogecoin to reach $10, the AI warned that the meme coin would need unprecedented adoption or utility. Also, the AI noted that past bull runs are no guarantee of how high DOGE and Shiba Inu prices could rise, as correlations can break across different market phases. Featured image from Adobe Stock, chart from Tradingview.com

Shiba Inu (SHIB) continues to struggle as the memecoin trades under pressure despite a broader recovery in the cryptocurrency market. At the time of writing, Shiba Inu was trading at about $0.00000549, after a decline of roughly 2.9% over the past 24 hours. Shiba Inu has dropped about 6.2% in the past week, while losses extend to 12.5% over the last two weeks. Notably, the price has been moving within a narrow daily range between $0.000005454 and $0.000005661, showing that traders remain cautious. SHIB burn activity stalls for two consecutive days One development that has caught the attention of the community is the sudden slowdown in the Shiba Inu burn rate. Source: Shibburn The burn mechanism is designed to reduce the token supply by sending coins to inaccessible wallets where they cannot be spent again. This process is often viewed by supporters as a way to gradually increase scarcity and potentially support the price over time. However, recent data shows that the burn rate has been stuck at zero for two consecutive days. This means no measurable reduction in supply has been recorded during that period. Even though some small transfers to burn addresses were reported, the amounts were too small to move the official burn metric. Earlier in the week, the burn rate briefly surged by an extremely large percentage. That spike appeared dramatic at first glance, but ultimately represented less than one million tokens removed from circulation. Such fluctuations highlight how inconsistent burn activity can be in the Shiba Inu ecosystem. Periods of sudden spikes are often followed by days where little or no burning takes place. For traders, the lack of meaningful burn activity removes one of the narratives that occasionally fuels short-term optimism, and the market focus shifts back to technical indicators and broader crypto sentiment . Weak momentum keeps SHIB in a downward channel Shiba Inu’s price structure suggests that the asset is still moving inside a broader bearish trend. The coin remains far below its all-time high of $0.00008616, which was reached during the height of the meme coin rally in October 2021. That peak now serves as a reminder of how much value the token has lost during the prolonged market correction. Over the past few weeks, the memecoin has attempted several rebounds, but each rebound attempt has been relatively small and quickly met with selling pressure. This pattern often signals that the market lacks strong bullish conviction. Trading activity has also remained relatively muted, which typically occurs when investors prefer to wait for clearer signals before committing capital. Shiba Inu price forecast For now, Shiba Inu appears to be stuck in a consolidation phase within a broader downtrend, and such phases can last for extended periods before a decisive breakout occurs. Focus is currently on a key support level around $0.0000054, which the price is hovering close to. If the token manages to hold this support zone, it could attempt a gradual recovery. In case of a recovery, then traders should keep their eyes on the resistance near $0.0000068. A breakout above this resistance could then push the price toward the $0.00001 psychological level and beyond that point, additional resistance levels appear around $0.000013, $0.000016, and $0.000022. A sustained rally could eventually target the $0.000033 region, which some analysts view as a potential long-term upside zone. On the downside, a clear breakdown below $0.0000054 would likely reinforce the bearish trend. Such a move could trigger further selling as traders reassess the strength of the current support structure. The post Shiba Inu price stuck in bearish trend amid two days of zero SHIB burns appeared first on Invezz

A new Solana-based meme coin, Patos, is preparing for launch as traders increasingly shift attention from Ethereum to faster, lower-cost networks. The project aims to attract meme-coin liquidity by leveraging Solana’s speed, low fees, and native SPL integration. This report…