Shiba Inu has dropped to a significant '555' price point amid a broader cryptocurrency market sell-off. The meme coin has experienced substantial weekly losses of 16%, reflecting the current bearish sentiment across crypto markets.
Shiba Inu exchanges experienced a massive influx of 531 billion tokens, representing substantial market activity. The significant inflow has pushed risk levels above what analysts consider safe thresholds for the meme cryptocurrency.
Bitcoin maintains strong defense around the $70,000 level while Ethereum breaks above its 100-day moving average threshold. The crypto market shows readiness for forward movement with price resets occurring across multiple technical indicators.