A brief technical and on-chain analysis on Shiba Inu price. FXStreet's analysts evaluate why SHIB could be preparing to surge. Please, subscribe to our YouTube channel and follow us on Twitter @FXScrypto (https://twitter.com/FXScrypto).
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FXStreet Team
FXStreet
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Chainlink (LINK) began the week on a stable footing, trading around $13.70 at the time of writing on Tuesday, holding above a key support zone. Growing ecosystem activity from declining exchange reserves to a wave of new integrations continues to strengthen the network’s fundamental outlook.
Hyperliquid (HYPE) edges lower by 3% at press time on Tuesday, extending the downtrend for the sixth consecutive day. Derivatives data support the bearish outlook as risk-off sentiment spreads among traders, driven by heavy long liquidations.
Shiba Inu (SHIB) price steadies around $0.0000092 at the time of writing on Tuesday, after rebounding 3% and finding support around the key level. The bullish sentiment is further supported by SHIB’s rising trading volume, large whale orders and buy-side dominance.
Privacy coins, including Canton (CC) and Zcash (ZEC), alongside Luna Classic (LUNC), rank among the top gainers in the broader cryptocurrency market over the last 24 hours, with double-digit gains.
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Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.