Shiba Inu (SHIB) saw its price dip 5% amid heavy trading volumes but managed to find a firm foothold near $0.00001440. Despite the recent volatility, the token benefits from a loyal community of over 1.13 million long-term holders and upcoming ecosystem upgrades, sustaining positive long-term sentiment.
After fluctuating sharply, SHIB has settled into a consolidation phase between $0.00001440 and $0.00001456. The token endured significant selling pressure, with volumes hitting 1.72 trillion during the sharp decline, yet repeated tests of the $0.00001440 support level reveal persistent buying interest.
On-chain data highlights the steadfastness of SHIB holders, with more than 1.13 million wallets holding tokens for over a year, reflecting strong faith in the project’s future.
Development continues with a major Shibarium blockchain update aimed at increasing decentralization, as the team works to broaden SHIB’s utility beyond its meme coin origins.
Technical indicators present a mixed picture: moderate bullish momentum exists but no decisive breakout has occurred. Meanwhile, AI-driven predictions, including those from Google’s Gemini platform, anticipate SHIB could reach $0.00003 by 2025 — over a 100% increase from current levels.
Technical Summary
- SHIB’s price dropped 5.4% within 24 hours, ranging from a high of $0.00001507 to a low of $0.00001424, marking a 5.5% volatility range.
- The $0.00001460 resistance level saw heavy trading with volume surging to 1.72 trillion during intensified selling at 23:00.
- Following the drop, SHIB formed a consolidation range between $0.00001440 and $0.00001456, with multiple successful support tests at the lower boundary.
- In recent trading, SHIB declined 0.56% from $0.00001448 to $0.00001440 amid ongoing bearish pressure.
- The sharpest selling occurred between 13:54 and 13:57, with volumes spiking to 16.45 trillion, establishing a local low at $0.00001430.
- A short rebound to $0.00001441 created a tentative support zone, though resistance at $0.00001445 remains unbroken, indicating cautious momentum.
