The Shiba Inu coin technical Chart showcases a textbook example of a rounding bottom pattern. In theory, this U-shaped shape structure of the pattern represents the buyers taking trend control from the seller. Thus, the coin price is still midway in this pattern formation, indicating there is more growth potential for this memecoin.

Shiba Inu News: Shiba Inu Coin, the world’s second largest meme cryptocurrency price hasn’t seen much price action over the past 30 days. SHIB price is on a constant decline due to the recent market collapse. However, a recent update has landed in the interest of the Shiba Inu coin which can pump its price ahead.

Whale Alert tracking service has reported that in the last 10 hours, whales have shoveled massive amounts of leading meme coins by market cap Dogecoin and Shiba Inu. Here’s why these might be transactions to sell.

Shiba inu was in the red to start the week, with prices falling to a 20-day low on Monday. The meme coin has now moved lower for four straight sessions, with the latest decline seeing price move below a key support point. Dogecoin was also down, hitting a two-week low earlier today.

Another burning of Shiba Inu (SHIB) tokens were reported to have burned recently. The instance came into notice after a long time. There was no such instance that took place giving somewhat comfort to the SHIB community anticipating the burn. This Shiba Inu burn remained more or less similar to the previous ones given that despite millions of tokens burned, there was still no significant decrease in the supply.

WazirX, India’s largest crypto exchange, has published its proof of reserves (POR), making public its wallet addresses, exchanges and POR report.

As SHIB continues to gain traction, the SHIB metaverse says it is moving lightning-fast to build and complete each land using the highest standards of technology.

It’s been terrible days for crypto markets the past 2 months! The global crypto scene has been grappled with negative sentiments and unfortunate news left, right, and center!

Shiba Inu has added over 250,000 new holders in what has been a difficult year for cryptocurrencies, characterized by failures in the market and falling values. Read more on U.Today https://u.today/shib-has-added-250000-more-users-despite-crypto-winter

According to IntoTheBlock data, large transactions on the Shiba Inu network are up a whopping 479% in the last 24 hours. The number of large transactions, or those above $100,000, suddenly rose to high levels in just a few weeks and numbered 81 in the last 24 hours.