• bitcoinBitcoin (BTC) $ 112,666.00
  • ethereumEthereum (ETH) $ 2,807.40
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.48
  • bnbBNB (BNB) $ 672.41
  • solanaSolana (SOL) $ 158.53
  • usd-coinUSDC (USDC) $ 0.999949
  • tronTRON (TRX) $ 0.291035
  • dogecoinDogecoin (DOGE) $ 0.183579
  • staked-etherLido Staked Ether (STETH) $ 2,806.91
  • cardanoCardano (ADA) $ 0.639657
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 112,575.00
  • hyperliquidHyperliquid (HYPE) $ 42.58
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  • suiSui (SUI) $ 3.32
  • bitcoin-cashBitcoin Cash (BCH) $ 508.59
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  • leo-tokenLEO Token (LEO) $ 8.99
  • hedera-hashgraphHedera (HBAR) $ 0.180314
  • wrapped-eethWrapped eETH (WEETH) $ 3,005.53
  • usdsUSDS (USDS) $ 0.999822
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • wethWETH (WETH) $ 2,808.35
  • the-open-networkToncoin (TON) $ 2.89
  • litecoinLitecoin (LTC) $ 91.99
  • whitebitWhiteBIT Coin (WBT) $ 46.62
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 324.39
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 112,704.00
  • polkadotPolkadot (DOT) $ 3.69
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.45
  • uniswapUniswap (UNI) $ 8.21
  • pepePepe (PEPE) $ 0.000011
  • aaveAave (AAVE) $ 300.15
  • pi-networkPi Network (PI) $ 0.486122
  • daiDai (DAI) $ 1.00
  • bittensorBittensor (TAO) $ 356.29
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • aptosAptos (APT) $ 4.66
  • crypto-com-chainCronos (CRO) $ 0.095838
  • nearNEAR Protocol (NEAR) $ 2.40
  • okbOKB (OKB) $ 48.60
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • internet-computerInternet Computer (ICP) $ 5.21
  • jito-staked-solJito Staked SOL (JITOSOL) $ 192.65
  • ondo-financeOndo (ONDO) $ 0.859828
  • ethereum-classicEthereum Classic (ETC) $ 17.74
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • kaspaKaspa (KAS) $ 0.081326
  • mantleMantle (MNT) $ 0.607530
  • cosmosCosmos Hub (ATOM) $ 4.35
  • vechainVeChain (VET) $ 0.022745
  • gatechain-tokenGate (GT) $ 16.08
  • fasttokenFasttoken (FTN) $ 4.44
  • ethenaEthena (ENA) $ 0.301163
  • official-trumpOfficial Trump (TRUMP) $ 9.48
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.207843
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.710733
  • arbitrumArbitrum (ARB) $ 0.367848
  • render-tokenRender (RENDER) $ 3.43
  • bonkBonk (BONK) $ 0.000023
  • skySky (SKY) $ 0.082780
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,806.30
  • algorandAlgorand (ALGO) $ 0.196161
  • filecoinFilecoin (FIL) $ 2.49
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 112,293.00
  • worldcoin-wldWorldcoin (WLD) $ 0.953758
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.63
  • sei-networkSei (SEI) $ 0.278005
  • binance-staked-solBinance Staked SOL (BNSOL) $ 168.06
  • usdtbUSDtb (USDTB) $ 0.999615
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998839
  • kucoin-sharesKuCoin (KCS) $ 11.26
  • spx6900SPX6900 (SPX) $ 1.52
  • jupiter-exchange-solanaJupiter (JUP) $ 0.462051
  • usdt0USDT0 (USDT0) $ 1.00
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,944.63
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,201.71
  • nexoNEXO (NEXO) $ 1.24
  • celestiaCelestia (TIA) $ 1.74
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.019254
  • fartcoinFartcoin (FARTCOIN) $ 1.19
  • xdce-crowd-saleXDC Network (XDC) $ 0.072503
  • flare-networksFlare (FLR) $ 0.016410
  • injective-protocolInjective (INJ) $ 11.19
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.66
  • blockstackStacks (STX) $ 0.702400
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,989.10
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,951.41
  • optimismOptimism (OP) $ 0.602447
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 112,434.00
  • sonic-3Sonic (S) $ 0.321641
  • dogwifcoindogwifhat (WIF) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.43
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,959.45
  • story-2Story (IP) $ 3.29
  • pax-goldPAX Gold (PAXG) $ 3,316.80
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 112,441.00
  • flokiFLOKI (FLOKI) $ 0.000095
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  • kaiaKaia (KAIA) $ 0.153035
  • wbnbWrapped BNB (WBNB) $ 672.50
  • paypal-usdPayPal USD (PYUSD) $ 0.999813
  • clbtcclBTC (CLBTC) $ 112,903.00
  • immutable-xImmutable (IMX) $ 0.459689
  • vaultaVaulta (A) $ 0.528026
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.39
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 177.65
  • tether-goldTether Gold (XAUT) $ 3,307.91
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,033.84
  • msolMarinade Staked SOL (MSOL) $ 207.12
  • curve-dao-tokenCurve DAO (CRV) $ 0.572669
  • theta-tokenTheta Network (THETA) $ 0.748434
  • lido-daoLido DAO (LDO) $ 0.796636
  • galaGALA (GALA) $ 0.015743
  • ousgOUSG (OUSG) $ 111.73
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.67
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998830
  • raydiumRaydium (RAY) $ 2.50
  • the-sandboxThe Sandbox (SAND) $ 0.272596
  • zcashZcash (ZEC) $ 41.08
  • iotaIOTA (IOTA) $ 0.168925
  • jito-governance-tokenJito (JTO) $ 1.89
  • jasmycoinJasmyCoin (JASMY) $ 0.013376
  • memecoreMemeCore (M) $ 0.414818
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • pendlePendle (PENDLE) $ 3.84
  • bittorrentBitTorrent (BTT) $ 0.00000064
  • super-oethSuper OETH (SUPEROETH) $ 2,809.17
  • aerodrome-financeAerodrome Finance (AERO) $ 0.742672
  • wrapped-hypeWrapped HYPE (WHYPE) $ 42.56
  • pyth-networkPyth Network (PYTH) $ 0.107862
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,993.75
  • saros-financeSaros (SAROS) $ 0.233164
  • newton-projectAB (AB) $ 0.009024
  • tezosTezos (XTZ) $ 0.568912
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 112,150.00
  • tbtctBTC (TBTC) $ 112,636.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,942.17
  • usual-usdUsual USD (USD0) $ 0.997996
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,809.72
  • flowFlow (FLOW) $ 0.356099
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  • decentralandDecentraland (MANA) $ 0.288496
  • falcon-financeFalcon USD (USDF) $ 0.998319
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 112,534.00
  • morphoMorpho (MORPHO) $ 1.64
  • coredaoorgCore (CORE) $ 0.518239
  • syrupMaple Finance (SYRUP) $ 0.484383
  • mog-coinMog Coin (MOG) $ 0.000001
  • based-brettBrett (BRETT) $ 0.051857
  • apecoinApeCoin (APE) $ 0.637151
  • thorchainTHORChain (RUNE) $ 1.44
  • bitcoin-svBitcoin SV (BSV) $ 25.26
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  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,810.41
  • staked-hypeStaked HYPE (STHYPE) $ 42.56
  • chain-2Onyxcoin (XCN) $ 0.014102
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.184340
  • venomVenom (VENOM) $ 0.223905
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004620
  • starknetStarknet (STRK) $ 0.125875
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999909
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007695
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  • movementMovement (MOVE) $ 0.151060
  • aioz-networkAIOZ Network (AIOZ) $ 0.327586
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  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 111,956.00

Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin

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Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin

Shiba Inu’s

SHIB$0.0₄1242 dollar-denominated price hit a one-month high, charting a bullish trend against Bitcoin. However, the outlook against its rival, dogecoin, doesn’t look as promising.

SHIB has gained 5.2% in the past 24 hours, reaching a high of $0.00001255 on Coinbase, the level last seen on June 12. As of writing, the cryptocurrency teased a breakout into bullish territory above the widely tracked 50-day simple moving average (SMA) at $0.00001242.

Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin

Key AI insights based on the 24-hour price action

  • Institutional flows drove prices from $0.00001215 to a peak of $0.00001250 between 19:00 and 20:00 on July 9, with an exceptional institutional volume of 1.25 trillion tokens.
  • Strong institutional resistance has been established around the $0.00001250 level, significantly exceeding the average daily institutional volume of 491 billion tokens.
  • An additional 2.54% institutional gains occurred during the final trading hour from July 10, 03:56 to 04:55, advancing from $0.00001244 to $0.00001247.
  • A session low of $0.00001238, established around 04:15, indicates what institutional traders view as strong technical support within the $0.00001238-$0.00001240 range.

SHIB/BTC breakout

The SHIB/BTC pair listed on CoinEx, which represents SHIB’s BTC-denominated price, rose 3.70% Wednesday (UTC), rising out of a triangular consolidation pattern identified by trendlines connecting June 24 and July 3 highs and June 22, June 27 and July 4 lows, according to data source TradingView.

Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin

SHIB/BTC pair. (TradingView/CoinDesk)

The breakout follows a prolonged year-long downtrend and indicates that the bulls have emerged victorious, having successfully absorbed supply during the triangular consolidation.

The pair, therefore, could continue to gain ground in the short term, supported by a positive MACD histogram, which points to a strengthening of upward momentum. The swing low from June 6, represented by the horizontal line on the chart below, could offer resistance on the way higher.

SHIB/DOGE breaks down

SHIB could underperform DOGE in the coming days, as the Binance-listed SHIB/BTC pair has penetrated a trendline support, marking the end of the recovery rally from May lows.

Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin

SHIB/DOGE pair. (TradingView/CoinDesk)

Furthermore, the Guppy multiple moving average indicator appears poised to cross bearish, indicating a negative shift in momentum. The bear cross occurs when the band of short-term exponential moving averages (EMAs) moves below the long-term EMAs.

The pair needs to top the June 24 high of 0.0000719 to negate the bearish outlook.

(Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.)

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