Shiba Inu ($SHIB) Crypto Forecast: Down 5.3% Today

What is Shiba Inu?

SHIB, also known as Shiba Inu coin, is a meme-based cryptocurrency token that gained popularity in the crypto market.

Why is Shiba Inu going down?

SHIB crypto is down 5.3% on Feb 18, 2025 14:42

• A significant burn rate of SHIB tokens, with over 58 million tokens burned in a week, could have initially boosted investor confidence and led to a price increase.
• The overall bearish movement today might be attributed to profit-taking as nearly 700 trillion SHIB tokens were set to become profitable if the price cleared a certain level, prompting some investors to sell off their holdings.
• The call for financial reforms in the EU by a prominent industry figure might have created uncertainty in the broader crypto market, impacting SHIB's price negatively.
• Despite positive developments such as token burns and potential profitability, external factors like regulatory concerns highlighted by actions on other cryptocurrencies could have contributed to the bearish trend in SHIB today.

SHIB Price Chart

SHIB Technical Analysis

SHIB News

Nearly 700,000,000,000,000 SHIB Will Become Profitable If Shiba Inu Price Clears This Level

Nearly 700,000,000,000,000 SHIB Will Become Profitable If Shiba Inu Price Clears This Level

https://coingape.com/markets/nearly-700000000000000-shib-will-become-profitable-if-shiba-inu-price-clears-this-level/

Best Crypto with Self-Governance as Deutsche Börse CEO Calls for Financial Reforms in the EU

Best Crypto with Self-Governance as Deutsche Börse CEO Calls for Financial Reforms in the EU

https://www.newsbtc.com/news/best-crypto-with-self-governance-as-deutsche-borse-ceo-calls-for-financial-reforms-in-the-eu/

Shiba Inu Coin Burns Over 58 Million Tokens As Weekly Price Increases

According to a report, since 2021, a staggering total of 410,744,432,366,375 SHIB meme coins have been burned. The increase in the coin's value over the week, despite a subsequent drop, suggests that this strategy may be working.

https://www.benzinga.com/markets/cryptocurrency/25/02/43768843/shiba-inu-coin-burns-over-58-million-tokens-as-weekly-price-increases

Shiba Inu: How a 580% burn rate surge can help SHIB holders

Shiba Inu: How a 580% burn rate surge can help SHIB holders

https://ambcrypto.com/shiba-inu-how-a-580-burn-rate-surge-can-help-shib-holders/

SEC Sends 'Enormous Message' About XRP, $1.04 Billion Bitcoin Stun Crypto Exchanges, 58,303,050 SHIB Coins Burned Over Week: Crypto News Digest by U.Today

SEC Sends 'Enormous Message' About XRP, $1.04 Billion Bitcoin Stun Crypto Exchanges, 58,303,050 SHIB Coins Burned Over Week: Crypto News Digest by U.Today

https://u.today/sec-sends-enormous-message-about-xrp-104-billion-bitcoin-stun-crypto-exchanges-58303050-shib-coins

Trending Today

Memecoin ($MEME) Crypto Forecast: Down 5.4% Today

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Solana ($SOL) Crypto Forecast: Down 6.0% Today

Dogecoin ($DOGE) Crypto Forecast: Down 5.1% Today

Movement ($MOVE) Crypto Forecast: Down 7.2% Today

XRP ($XRP) Crypto Forecast: Down 5.2% Today

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Celo ($CELO) Crypto Forecast: Down 5.1% Today

Litecoin ($LTC) Crypto Forecast: Up 5.5% Today

Shiba Inu Price History

18.01.2025 - SHIB Crypto was down 5.2%

• The significant bearish movement in SHIB today could be attributed to profit-taking by investors after a period of price increase.
• The burning of over 58 million SHIB tokens may have initially boosted the coin's value, but the subsequent drop indicates a lack of sustained bullish momentum.
• The overall market sentiment towards meme coins like SHIB and Dogecoin seems to be cautious, as highlighted by concerns over their ability to rebound after a recent slump.
• The news of a 1,500% pump prediction for Litecoin against Bitcoin may have diverted investor attention away from SHIB, contributing to its bearish movement.

18.01.2025 - SHIB Crypto was down 5.3%

• A significant burn rate of SHIB tokens, with over 58 million tokens burned in a week, could have initially boosted investor confidence and led to a price increase.
• The overall bearish movement today might be attributed to profit-taking as nearly 700 trillion SHIB tokens were set to become profitable if the price cleared a certain level, prompting some investors to sell off their holdings.
• The call for financial reforms in the EU by a prominent industry figure might have created uncertainty in the broader crypto market, impacting SHIB's price negatively.
• Despite positive developments such as token burns and potential profitability, external factors like regulatory concerns highlighted by actions on other cryptocurrencies could have contributed to the bearish trend in SHIB today.

16.01.2025 - SHIB Crypto was down 5.3%

• The burning of 58,303,050 SHIB tokens could have initially sparked positive sentiment, but the overwhelming supply of 600,000,000,000,000 SHIB blocks potentially hindered price growth, leading to a bearish movement.
• The focus on XRP and Bitcoin might have diverted attention and investment away from SHIB, contributing to its bearish movement.
• Market participants may have been more interested in the potential parabolic rally of Bitcoin at $117,000, causing them to shift their investments away from SHIB, resulting in the bearish movement.
• Overall, the combination of factors such as supply dynamics, competing cryptocurrencies, and market sentiment towards Bitcoin could have influenced SHIB's bearish movement today.

14.01.2025 - SHIB Crypto was up 5.1%

• A market crash caused the number of Shiba Inu millionaires to drop below 1,000, prompting holders to purchase more SHIB and driving up demand.
• The decreasing profitability of SHIB could have been viewed as an opportunity by investors, leading to increased trading volume and a positive market trend.
• Traders might have been attracted by a key price indicator pointing towards a potential rise to $0.00002, contributing to the bullish momentum.
• Despite being oversold, the significant increase in SHIB burn rate could have reignited interest in the token and caused a surge in its value.

12.01.2025 - SHIB Crypto was up 5.3%

• The positive market sentiment surrounding SHIB today likely contributed to its bullish movement as it nears a rare golden cross, a key technical indicator suggesting a possible uptick in price.
• A substantial inflow of nearly 1 trillion SHIB tokens into large whale wallets overnight may have also played a role in enhancing the token's upward momentum, indicating growing interest and investment in SHIB.
• Despite other cryptocurrencies like XRP and SHIB experiencing declines in response to recent comments from Fed's Powell, SHIB demonstrated resilience and defied the market trend, possibly buoyed by its strong community backing and recent favorable developments.

13.01.2025 - SHIB Crypto was down 5.5%

• SHIB's bearish movement could be attributed to the drop in whale holdings to a two-year low, indicating a potential lack of confidence from large investors.
• The burning of 61 million SHIB tokens in a week may not have been enough to offset the overall market sentiment, leading to the downward pressure on SHIB's price.
• The overall dip in major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin could have created a negative sentiment in the market, impacting SHIB's price as well.
• The meme coin frenzy sparked by CZ's involvement in a token betting event may have diverted attention and investment away from SHIB, contributing to its bearish movement.

13.01.2025 - SHIB Crypto was up 6.5%

• SHIB displayed a significant bullish trend today, potentially influenced by the following factors:
• Interest from Changpeng 'CZ' Zhao, Binance's CEO, in a suggestion for a memecoin based on his dog, creating a positive sentiment towards meme tokens like SHIB.
• The price of SHIB indicates a 250% increase following a breakout from a falling wedge pattern, signaling technical bullish patterns attracting investors.
• Despite a previous downtrend, SHIB may be looking for signals from Bitcoin for a potential recovery, implying that positive market sentiment towards Bitcoin could also be benefiting SHIB.
• Technical indicators such as the TD Sequential hint at a possible price reversal and upward movement for SHIB, enhancing optimism among traders and investors.

12.01.2025 - SHIB Crypto was up 8.6%

• SHIB experienced a strong bullish movement today, potentially fueled by the falling wedge breakout.
• The anticipation of a potential rebound could have contributed to the positive sentiment surrounding SHIB.
• The overall positive trend in major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin might have provided a supportive market environment for SHIB's price surge.
• The speculation around a price reversal and bounce, as suggested by the TD Sequential indicator, could have also influenced traders to take bullish positions on SHIB.

12.01.2025 - SHIB Crypto was up 7.8%

• Today's upward movement in SHIB could be influenced by technical analysis indicators, particularly the TD Sequential, signaling a possible rebound and boosting trader confidence.
• Expectations of a resurgence in meme coins, potentially led by AI crypto coins, are likely driving positive sentiment around SHIB and pushing its price higher.
• Speculation about SHIB nearing an ultra-rare Golden Cross, along with other positive developments such as XRP ETF approval odds, may be contributing to the current bullish trend.
• Despite the recent bullish movement, the sharp decline in SHIB netflows raises concerns about liquidity and investor interest, prompting a closer examination into the underlying factors behind this decrease.

12.01.2025 - SHIB Crypto was down 5.2%

• The bearish movement in SHIB today could be attributed to the significant outflow of 35 trillion SHIB tokens, indicating a potential capitulation among investors. This mass movement of tokens might have sparked fear and uncertainty in the market, leading to a sell-off.
• Additionally, the burning of 15.3 million SHIB tokens, with a large portion burned in a single transaction, could have also contributed to the downward pressure on SHIB's price. Such events of token burning can sometimes create short-term selling pressure as traders react to changes in token supply.
• Despite the recent 11% increase in SHIB's price over the past 3 days, the impact of a $2.4 million whale action on the meme coin could have triggered a cascade of sell orders, pushing the price lower. Large transactions by influential holders, known as whales, can sway market sentiment and lead to rapid price movements.
• The overall sentiment in the cryptocurrency market, as indicated by the neutral Bitcoin funding rate on top exchanges, might have added to the bearish pressure on SHIB. When funding rates are neutral, it suggests a lack of directional bias among traders, potentially leading to increased volatility and market corrections.

08.01.2025 - SHIB Crypto was up 5.0%

• SHIB experienced a strong bullish movement today, possibly driven by the overall positive sentiment in the meme coin market.
• The attention of traders, including those interested in Dogecoin, is shifting towards AI technologies like Ozak AI, which could indirectly benefit SHIB.
• The prediction of a rapid price explosion for Dogecoin based on historical cycles might have created a positive speculative atmosphere for meme coins like SHIB.
• Despite the recent struggles of meme coins, including SHIB, the fact that it printed gains today indicates a potential resurgence in interest and demand for these assets.

09.01.2025 - SHIB Crypto was up 5.8%

• SHIB saw significant upward movement today, surpassing a crucial resistance level.
• Trader sentiment towards SHIB appears optimistic, with potential price reversals and profits on the horizon.
• Speculation about AI gaining prominence by 2025 and its potential impact on Dogecoin and SHIB investors may have fueled increased interest and funding in SHIB.
• Forecasts of a rapid surge in Dogecoin's value and aggressive large-scale purchases could have had a positive knock-on effect on SHIB's price trajectory.