The Meme Coin Market Is Experiencing a Shake-Up as Dogecoin (DOGE) Faces a Price Decline and Other Tokens Like Shiba Inu (SHIB) and IntelMarkets (INTL) Surge

SHIB's price is on the rise, driven by increased whale activity. This suggests a growing confidence in the meme coin's potential.

The meme coin market is experiencing a shake-up as Dogecoin (DOGE) faces a price decline and other tokens like Shiba Inu (SHIB) and IntelMarkets (INTL) surge.

After a period of gains, Dogecoin (DOGE) investors are facing a slight setback as the meme coin encountered market volatility, leading to a price decrease. According to recent observations, DOGE’s price has decreased by 1.5% in 24 hours, bringing it down to $0.1039. This shift may be attributed to a decrease in trading volume, which has dropped by 30% over the last 24 hours.

However, a closer examination of the 1-hourly price chart reveals that Dogecoin (DOGE) is trading below both the 100-hourly simple moving average (SMA) and the $0.1150 resistance level. The next resistance level to watch for DOGE’s price is at $0.1095. If Dogecoin (DOGE) fails to break above $0.1095, it could experience further losses. On the downside, the first major support level is around $0.1060, followed by another support level at $0.1050. The key support level is found at $0.100.

Despite the price decrease, a large whale has recently purchased 1.4 billion Dogecoin (DOGE) in total, valued at over $176 million, over the course of 48 hours. This substantial buy-in has sparked speculation among the crypto community, suggesting a “meme season 2.0,” where meme currencies like Dogecoin (DOGE) could experience another surge in value. Some long-term holders are also beginning to explore other options with higher potential.

Meanwhile, Shiba Inu (SHIB) has seen a significant shift in whale activity, with major netflow increasing by an impressive 2,944% over the last day. This rapid surge in the value of the meme-inspired cryptocurrency may indicate a potential price rebound among major holders, suggesting a growing confidence in the token.

Not only has the number of token transactions increased substantially, but it has also turned positive, indicating that the whales have changed their sentiment to optimism and are beginning to accumulate Shiba Inu (SHIB). The major inflow figure also supports this, as it reached an all-time high of 2.67 trillion SHIB during the review period, while outflows remained slightly lower at 2.35 trillion SHIB.

This activity is particularly noteworthy because it comes during a period of虧損 for the popular meme coin. However, its fortunes are changing. Shiba Inu’s (SHIB) price has increased by nearly 40%, peaking at $0.0000217, reversing a six-month decline.

As the meme coin market continues to evolve, new and upcoming cryptocurrencies are also making their presence felt. One such token that has caught the attention of investors and crypto enthusiasts alike is IntelMarkets (INTL).

Currently in its third round of the presale, those who missed the first and second rounds can still buy it for $0.02. According to industry analysts, there is potential for massive growth of up to 1100x after its launch, as it is heavily discounted right now.

With its AI integration into the world of cryptocurrency trading and blockchain, it is only on an upward trajectory, especially as the AI industry continues to grow stronger and stronger ahead. This has gotten the attention of investors, as the presale passed $910,000 earlier this week.

This new DeFi project is one to watch closely, as it aims to become the first AI-powered smart trading platform to integrate AI at all levels, offering advanced features such as a dual-chain model, multisystem analysis, up to 1000x leverage, autopilot trading bots, and more.

Its AI bots, which can learn independently and from the traders’ trading patterns, will revolutionize the world of cryptocurrency trading. Additionally, its dual-chain model, which is supported and runs on both Solana and Ethereum blockchains, further sets it apart from the crowd.

The above is the detailed content of The Meme Coin Market Is Experiencing a Shake-Up as Dogecoin (DOGE) Faces a Price Decline and Other Tokens Like Shiba Inu (SHIB) and IntelMarkets (INTL) Surge. For more information, please follow other related articles on the PHP Chinese website!