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The crypto market has concluded another week with significant developments, particularly with Bitcoin ($BTC) grabbing attention. Despite market optimism expecting a bullish Q4, top cryptocurrency prices have experienced volatility. However, Shiba Inu ($SHIB) has maintained a bullish stance, driven by remarkable community developments. *Key Highlights:* 1. *Bitcoin's Volatile Week*: $BTC closed the week at the $94K level, reversing recent gains. Long-term prospects remain bullish, with market participants showing a "buy-the-dip" sentiment. 2. *Investor Sentiment*: American company KULR's $21M BTC purchase sparked market optimism, but Bitcoin ETFs saw slight outflows, leading to uncertain investor sentiment. 3. *Japan Rejects Bitcoin National Reserve Proposal*: The rejection has sparked market speculations, while Robert Kiyosaki predicts $BTC to hit $350K by 2025. 4. *Altcoins See Remarkable Gains*: Despite market turbulence, altcoins are experiencing significant gains, with experts like Titan of Crypto and Michael van de Poppe remaining bullish on the altcoin market's future. 5. *Shiba Inu's Community Advancements*: Shibarium addresses have crossed the 2 million mark, adding to market optimism. The ongoing SHIB burn saga has reduced the token's circulating supply, paving a bullish path for future movements. *Market Outlook:* Market watchers are eagerly awaiting a market recovery in the coming days, with the bull run expected to continue in 2025. The crypto market's volatility is expected to stabilize, with $BTC and altcoins potentially experiencing significant gains. Shiba Inu's community developments and ongoing burn saga have positioned it for a bullish run, making it an interesting asset to watch in the coming weeks.

$SHIB Inu Coin Faces Pressure: Decline in Burn Rate and Shibarium Fees 🔥 Shiba Inu ($SHIB) is facing bearish sentiment as key metrics signal reduced activity and enthusiasm around the token. A significant drop in burn rate, coupled with falling Shibarium fees, has raised concerns about its short-term price trajectory. --- 📉 Key Developments: 1️⃣ Burn Rate Crash: In the past 24 hours, SHIB’s burn rate has plummeted by over 98%, with only 507,123 SHIB burned. This marks a steep decline compared to recent levels, reducing the deflationary momentum for the coin. 2️⃣ Shibarium Fees Falling: Shibarium, Shiba Inu’s Layer-2 scaling solution, is experiencing declining activity. Average transaction fees, which peaked at 0.0004 earlier this month, have continued to drop. --- 📊 Current Market Stats: Price: $0.00002229 24H Trading Volume: $638.55 million Market Cap: $13.14 billion Circulating Supply: 589.26 trillion SHIB --- 📉 Bearish Indicators: The total value locked (TVL) on Shibarium has fallen sharply, now sitting at $3.55 million, down from over $6 million earlier this month. Analysts suggest that Shiba Inu could face further downside, with a potential drop to $0.00001590, a level last seen on October 25. --- ⚠️ What This Means for Investors: The decline in the burn rate and reduced activity on Shibarium highlight a critical phase for Shiba Inu’s ecosystem. While the bearish sentiment prevails, the cryptocurrency market remains volatile, and unexpected catalysts could still drive price action in either direction. --- 📈 What to Watch: Recovery in Shibarium's activity and transaction fees will be crucial for restoring investor confidence. Look for potential support at $0.00002000 and resistance near $0.00002400 for short-term trading opportunities.

A significant Shiba Inu whale has liquidated 250 billion $SHIB, worth $6.05 million, after initially investing just $3,800 in August 2020. This whale's holdings peaked at a value of $1.22 billion and have generated a total profit of $109 million. Despite the sale, the whale still holds 2.15 trillion $SHIB, valued at approximately $52.18 million. This large-scale liquidation may impact the market mood, potentially frightening smaller investors and increasing volatility, especially since it occurred at a crucial support level. The sell-off highlights the importance of monitoring whale activity to predict future price movements. The price chart shows that Shiba Inu has been declining, recently breaking below the 50 EMA, a strong support line. This breakdown indicates a lack of bullish momentum and increased selling pressure. $SHIB is currently trading at $0.00002408, with the next significant support levels at $0.00002283 and $0.00002045. Failure to maintain these levels could lead to a more substantial correction. Despite the short-term pessimistic outlook, Shiba Inu's potential in DeFi and meme culture continues to attract a robust community and speculative interest. However, investors should exercise caution due to the current market conditions and whale activity. The whale's profit-taking has added pressure on $SHIB, which is still struggling to find a stable support level. It is essential to monitor future price changes and any resurgence of whale activity, as it is a key indicator of the asset's performance.

Despite a general market slowdown, Shiba Inu has been having trouble gaining traction, but a major support level may be approaching. Supported by a huge trading volume of 40 trillion SHIB, data from the In/Out of the Money Around Price (IOMAP) metric indicates that if SHIB continues to decline, it will activate a strong support level around $0.000022. Because 23,170 addresses have accumulated SHIB in this price range, making it a bull market stronghold, this level is crucial. These support clusters have historically given assets the stability they need to stage significant recoveries. The price of SHIB may serve as a springboard if it gets close to this area, easing selling pressure and providing bulls with an opportunity to gain ground. The price of SHIB is currently at $0.00002236, just above the critical support zone that the IOMAP has shown. With the 100 EMA offering more support, SHIB's price looks to be consolidating on the daily chart. For the asset to resume its upward trajectory, it must overcome resistance at $0.000025. Another level of complexity is added by the low trading volume at the moment. The asset's capacity to break through significant resistance levels is constrained by lower volume, which may also be a sign of waning bearish momentum. As a result, the balance between sellers defending the $0.000025 resistance and buyers entering at the $0.000022 support could determine SHIB's next significant move. The $0.000022 support activation could stabilize the asset and lay the groundwork for a recovery if SHIB's price continues to decline. Without important outside influences, it is unlikely that SHIB will freely decline below this level given the sizable volume traded at this level. With less chance of further decline, this zone is a possible entry point for investors. A bearish signal on the other hand would be a break below this level, which might result in a test of the $0.000020 mark. A key factor in determining SHIB's short-term price trajectory will be its capacity to maintain the $0.000022 support. Bullish momentum could be rekindled if this level is successfully defended; a breakdown could indicate additional declines.