Shiba Inu Sell-off Slows Down, Here Are Key Price Levels to Watch

Shiba Inu Breaks Death Cross Formation The Shiba Inu ecosystem is yet to be fully cleansed as the current trading volume has dropped by 18.69% to $186,430,314.18 at press time. While this indicator shows that the sentiment is not as bullish as was forecasted, the latest SHIB burn rate, which has increased by more than 27,600%, proves the mixed outlook. 

Related Thursday, 03/13/2025 - 14:58 Total 1,813,008 SHIB in 24 hours: Shiba Inu jumps bizarre 112% Tomywabold Olajide Despite the latest price surge, Shiba Inu remains in the death cross zone formed on February 20. With a large divergence between the 50-day and 200-day moving averages, the prospects of SHIB’s bullish trend resuming depend on sustained gains over time. SHIB price chart. Source: TradingView/CoinMarketCap With other altcoins trading at lower prices due to broader market volatility, Shiba Inu is now solely dependent on the strength of its own ecosystem. 

If community updates on SHIB’s utility increase, it could reset investor sentiment to take long positions on the token. In its rebound, the key support level is seen at $0.0000118, while the bulls will need to keep an eye on the resistance price at $0.000013. The SHIB and Shiba Inu meme coin ecosystems are not alone in the bearish decline seen over the past month. 

Most meme coins are facing similar negative effects, including Dogecoin. While DOGE’s open interest often fluctuates depending on the level of interest in the overall market, the top coin is still down more than 15% in seven days and more than 33% in the past month. Related Tue, 03/11/2025 - 13:02 Shiba Inu: Key support lost, now two paths for SHIB price Arman Shirinyan SHIB also has a similar forecast, suggesting a bearish trend region-wide.

 However, with internal updates and the move towards a useful ecosystem, Shiba Inu is considered a good candidate to make a solo comeback and recover from its persistent price problems. #ShibaInu Related Articles News March 14, 2025 - 10:05 XRP vs Ethereum (ETH): Ripple CTO dispels misconception of massive sell-off News Gamza Khanzadev News March 14, 2025 - 9:35 SHIB burns 27,660%, 503,305,764 SHIB gone forever News Yuri Molchan XRP vs Ethereum (ETH): Ripple CTO dispels misconception of massive sell-off News Gamza Khanzadev Friday, 03/14/2025 - 10:05 Ripple CTO David Schwartz explains how Ethereum (ETH) and XRP were sold differently ain and again: why Ethereum (ETH) was allowed to turn into what it is now, regulators say While XRP found itself in the crosshairs of Ripple CTO David Schwartz,

 the commodity has again stepped in to clarify one of the most misunderstood aspects of this dispute: the way the two digital assets were originally traded, says Commodity. Related Thursday, 03/13/2025 - 15:09 No, Ethereum (ETH) Is Not Dead, Says Lead Analyst Arman Shirinyan Hot Stories XRP vs Ethereum (ETH): Ripple CTO Clears Up Major Sell-Off Misconception SHIB is Up 27,660% as 503,305,764 SHIBs Are Gone Forever Bitcoin ETFs Return to Massive Outflows Dogecoin (DOGE)’s Death Is Getting Worse: What to Expect? According to Ripple CTO Schwartz, Ethereum had private sales before the blockchain even existed, but XRP took a different path. He pointed out that ETH was distributed in exchange for Bitcoin during the initial sale, which raises the question of who issued it at the time.

ETH was sold privately by the issuer, before any ledger or blockchain existed. XRP – No. – ETH, although it was initially used for development, eventually became a commodity. But XRP and Ripple have been sued, although insiders say it is used in the same way as Ethereum. And now the SEC is still figuring out what to do with XRP and they are considering whether it is more of a commodity than a security. Related Thursday, 13.03.2025 - 16:05 200,000,000 XRP suddenly leaves Ripple in the dark: What is happening? Gamza Khanzadeh Schwartz has ties to the early days of Ethereum, which makes the discussion even more interesting. He participated in the Ethereum Initial Coin Offering and received 40,000 ETH at a price of just $0.10 per token. But instead of holding them for the long term,