Shiba Inu (SHIB) declined 5% on strong trading volume but found solid support near $0.00001440, demonstrating resilience among its vast community of holders. With over 1.13 million long-term investors and upcoming updates to its Shibarium blockchain, optimism around SHIB’s future remains intact.
After recent price swings, SHIB has entered a consolidation phase, trading between $0.00001440 and $0.00001456. Despite intense selling pressure that pushed volume as high as 1.72 trillion during the dip, the token consistently bounced off the $0.00001440 support level, highlighting sustained demand.
Blockchain data reveals a loyal base, with more than 1.13 million wallets holding SHIB for over a year, signaling enduring faith in the token’s prospects.
The Shiba Inu team is advancing its ecosystem with a key Shibarium update focused on boosting decentralization and expanding SHIB’s utility beyond its meme coin origins.
While technical indicators show mixed signals—moderate bullish momentum without a clear breakout—AI models like Google’s Gemini project a potential rise to $0.00003 by 2025, suggesting more than 100% upside.
Technical Overview
- SHIB’s price slipped 5.4% in the last 24 hours, ranging from $0.00001507 to $0.00001424, a volatility span of roughly 5.5%.
- Resistance at $0.00001460 coincided with a surge in volume to 1.72 trillion during the late-night selling wave.
- After the sell-off, SHIB stabilized between $0.00001440 and $0.00001456, with repeated successful support tests at the lower boundary.
- Recent trading saw a 0.56% drop in the past hour, sliding from $0.00001448 to $0.00001440 amid bearish pressure.
- The heaviest sell-off occurred between 13:54 and 13:57, with volume peaking at 16.45 trillion and a local low at $0.00001430.
- A brief recovery to $0.00001441 formed a tentative support zone, though resistance at $0.00001445 remains a barrier.
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