The cryptocurrency market was buzzing with activity as it continued to
Meme Coins Are Dominating Market Narratives. From beloved tokens like Dogecoin and Shiba Inu to rising stars like Bonk, CHILLGUY, and Peanut the Squirrel, meme-based cryptocurrencies are seeing renewed interest and volatility. The rise of these tokens, driven by community engagement, major exchange listings, and creative marketing strategies, reflects the evolving dynamics of the crypto space.
hiba Inu (SHIB) SHIB 30.11.png **Price change (7D): -2.29%% Current price: $0.00002623 News Shiba Inu made headlines after a whale raised $21.7 million worth of SHIB tokens, sparking market optimism. On November 29, the whale purchased 98.196 billion SHIB from Coinone exchange. This activity marks the return of the whale after a month of inactivity, adding to the recent bullish price momentum. Additionally, Shiba Inu’s burn rate has surged significantly by over 23,000% in a 24-hour period, reducing the circulating supply and leading to bullish expectations. Outlook: Shiba Inu is currently consolidating its price near $0.00002600, where analysts have identified a bullish flag pattern that signals a potential continuation of the uptrend. Immediate resistance is at $0.00003100, with higher targets at $0.000037 and $0.000045 in the medium term. Conversely, if selling pressure increases, the price could drop to $0.000020, especially if more tokens are moved to exchanges. Technical analysts suggest that SHIB could break through key resistance levels, targeting $0.000031 in the short term. Notably, SHIB holders have been actively removing tokens from exchanges, indicating strong confidence in SHIB’s growth potential. With over 5.45 trillion tokens recently moved from exchanges, worth $162 million, this trend could support an upward trajectory.