@Shibtoken narxiShib

💸 Shibarium Transactions Surge 44%, but SHIB Isn't Moving Shiba Inu layer 2, Shibarium, saw a 44% increase in daily transactions, which rose from 842 on May 18 to 1,260 on May 19. The recent increase, though, might signal the advent of something bigger, but it isn't yet enough as the broader Shibarium network activity remains locked in a flat trend. Since April 19, when Shibarium transactions surpassed 7,400, the layer 2 blockchain has failed to return to this level. Shibarium transaction count has stayed largely between 700 and 3,000 since then, with no visible sign of momentum. BONE fees have remained minimal on the network, with recent transactions being contract calls attracting a fee of 0.00001 BONE. In the last few months, the Shibarium chain saw a reindexing with explorer statistics falling beneath the actual count. In this light, it is uncertain if the stall in network activity is due to the Shibarium network still adjusting to its prior upgrades, with metrics on the Shibarium explorer yet to return to previous counts, or an actual slowdown in the network activity. 🔸 SHIB isn't moving Crypto futures activity cooled across the market, with 24-hour volume falling 26.59% to $156 billion. Open interest (OI) held steady around $127 billion, and liquidations declined for a second day to $156 million, down 40%. A number of crypto assets including SHIB returned to the green, but futures open interest dropped as well as a mixed altcoin performance, indicating that traders might be reducing risk rather than chasing the rebound. Minutes from the April 27-28 Federal Open Market Committee meeting will be released later on Wednesday. The Fed kept the federal funds rate steady at between 3.5% and 3.75%, but the decision drew the biggest dissension within the FOMC in more than 30 years, with the rate-setting committee split 8-4. $SHIB

🔥 SHIB/USDT: Bouncing off the floor – Is a massive recovery rally loading? 🚀👀 ​The 4H chart for Shiba Inu (SHIB) shows price action flattening out beautifully after a deep correction, forming a solid accumulation base right at the major horizontal support line. With a strong green reversal candle ticking up, the risk-to-reward ratio for a long position off the bottom looks highly attractive.$SHIB

once $SHIB breaks out from the diagonal resistance line, it would be full send mode.

The memecoin market remained under pressure as global investors reacted cautiously to rising geopolitical tensions between the United States and Iran. Concerns intensified after reports indicated that Washington rejected Tehran’s latest peace proposal ahead of critical diplomatic discussions. The development added fresh uncertainty to financial markets, with traders becoming more cautious toward risky assets such as cryptocurrencies. The growing tension between both nations has become one of the biggest drivers of market sentiment in recent days. Investors are worried that any escalation could affect oil supply routes, global trade, and overall economic stability. As a result, many traders reduced exposure to highly volatile assets, especially meme-based cryptocurrencies that are often more sensitive to sudden shifts in market sentiment. Despite the uncertainty, Bitcoin managed to remain above the $77,000 level, helping the broader cryptocurrency market avoid deeper losses. The global crypto market capitalization recorded a slight increase to nearly $2.57 trillion during the latest trading session. However, the memecoin sector underperformed, slipping by around 0.8% as investors remained cautious about short-term price direction. Market participants also continued to monitor discussions surrounding sanctions relief and tensions linked to the Strait of Hormuz, one of the world’s most important oil shipping routes. The uncertainty surrounding international negotiations has contributed to increased volatility across both traditional and digital financial markets. DOGECOIN HOLDS IMPORTANT SUPPORT LEVEL Dogecoin remained one of the most closely watched meme coins during the recent market pullback. The token declined slightly over the past 24 hours, trading around the $0.104 region. Although the price weakened, analysts noted that the monthly chart still shows a bullish pennant pattern, which is often considered a continuation signal after strong upward momentum. Traders are now focusing heavily on the $0.103 support area. Holding above that level could allow $DOGE to regain bullish momentum and attempt another rally toward the $0.110 and $0.112 resistance zones. A successful breakout above those levels may attract renewed buying interest from short-term traders. However, if selling pressure increases and the token falls below support, Dogecoin could experience another sharp decline toward the $0.090 area. Trading activity around the token increased significantly during the recent session, with volume rising by more than 120% to approximately $1.7 billion, showing that market participants are still actively positioning themselves despite uncertainty. SHIBA INU STRUGGLES TO REGAIN MOMENTUM Shiba Inu also faced challenges as buyers struggled to regain control after recent market weakness. The token traded around $0.00000575 after recording a small recovery from previous losses. $SHIB failed to maintain momentum after dropping below the important $0.00000600 resistance level during recent trading sessions. Technical indicators continued to show weak buying pressure, suggesting that investors remain cautious in the short term. The Relative Strength Index remained below neutral territory, reflecting the lack of strong bullish momentum in the market. If buying activity improves, $SHIB may attempt another recovery toward the $0.00000600 and $0.00000620 resistance levels. On the other hand, continued weakness below the $0.00000550 support zone could expose the token to additional downside pressure, potentially pushing prices back toward the $0.00000530 level. $PEPE REMAINS UNDER SHORT-TERM BEARISH PRESSURE $PEPE recorded a modest gain of around 1.7% over the last 24 hours, trading near the $0.00000369 level. Even with the slight recovery, the token continued to struggle below the important $0.00000400 resistance zone, which has limited bullish momentum in recent sessions. Technical indicators suggested that market strength remains weak on lower time frames. The MACD indicator continued to reflect bearish sentiment, showing that buyers have not yet fully regained control of the market. Still, some traders believe that improving momentum could allow PEPE to retest the $0.00000380 level before another attempt at breaking above $0.00000400. A successful breakout could encourage stronger bullish sentiment across the memecoin market. However, failure to maintain support may result in another decline toward the $0.00000340 region. PUMP.FUN TARGETS RECOVERY DESPITE WEAK MARKET SENTIMENT Pump.fun also attracted attention from traders after recording a slight price increase during the latest trading session. The token climbed by about 1.25% to trade around $0.00171, even as broader market sentiment remained cautious. The $0.0016 support level has become a key area for traders watching the token’s next move. If buyers manage to defend that zone successfully, Pump.fun could attempt another recovery toward the $0.0018 resistance level in the near term. However, analysts warned that a breakdown below support could drag the token back toward its recent seven-day lows. Trading volume for the token declined by over 5%, while open interest also slipped slightly, indicating that some traders may be reducing exposure until market conditions become clearer.