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What Happened in Crypto Today: Shiba Inu Coin Price Breakout Analysis
Cryptocurrency Market and Why Shiba Inu Coin Price Breakout?
According to CoinMarketCap, the global cryptocurrency market cap rose slightly to $2.89 trillion, showing a 1.19% increase over the last 24 hours.
Nevertheless, the overall market trading volume fell by 5.29%, to $75.97 billion. Despite, activity still proofs to be strong in the major sectors:
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DeFi accounts for 7.38% of trading volume ($5.6 billion)
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Stablecoins are still dominating, making up 93.93% of the daily volume ($71.36 billion)
So while the market seems calm overall, beneath the surface—Let’s see what happened in crypto today?
Shiba Inu Coin Price Jumps 15% in a Day, Beating Competitors
As per CoinGecko, one standout performer today is none other than Shiba Inu. At the time of writing, it’s priced at $0.00001549, up by a sharp 15.28%.
What’s more?
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Market Cap: Now at $9.12 billion, it just overtook SUI and HBAR
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24h Trading Volume: Soared to $448.46 million, up a massive 105.96%
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Shiba Inu Burn Rate: In the last 24 hours, 1,781,989 SHIB tokens were burned,
Shiba Inu Price Breakout Analysis: Chart Patterns Signal More to Come
The daily chart for the SHIB/USDT pair reveals something exciting:
It’s breaking out of a falling wedge pattern—a bullish setup that often leads to upward movement.
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The price meets 50-day EMA
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A strong close line above this crypto could have it target the $0.000025 area.
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It is certainly not hype; this is a classic technical move occupied by volume.
Momentum Indicators Flash Green: What the Numbers Say
According to the Tradingview, Looking deeper into the technical indicators:
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MACD just showed a bullish crossover. That means momentum is swinging upward.
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The histogram has turned green—another good sign.
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RSI is now at 64.71. It’s not in the overbought zone yet, but it’s close.
Also, trading volume is enormous: 2.96 trillion units exchanged today. That’s the kind of power you want behind a breakout.
Sentiment Shift: Fear Easing, Optimism Rising
Based on the Crypto Fear & Greed Index from Alternative.me, the score today is 47—which puts the market in Neutral territory. Yesterday’s reading was 46, and last week’s was just 32 (Fear). This rising trend shows people are feeling better about crypto overall. While it’s not full-on greed yet, it’s far from panic mode.
The buzz around Shiba Inu today is not just hype—it’s backed by real value, chart signals, and improved sentiment. Positive indicators and a buoyant sentiment have a good chance of marking what could eventually become a bigger endeavor. But traders must keep their eyes on charts and not get swept away in enthusiasm.
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