Shiba Inu (SHIB) experienced a 5% drop on heavy trading volume but found strong support around $0.00001440. With more than 1.13 million loyal holders and upcoming ecosystem updates, long-term confidence in the token remains steady.
Following recent volatility, SHIB has settled into a consolidation range between $0.00001440 and $0.00001456, signaling a pause as buyers test key support levels.
During the sharp decline, trading volume surged to 1.72 trillion, highlighting intense selling pressure. However, multiple successful tests of the $0.00001440 support demonstrate resilient buyer demand.
Blockchain data underlines strong holder commitment, with over 1.13 million addresses holding SHIB for more than a year—an indicator of sustained trust in the token’s future.
The Shiba Inu team continues to develop the ecosystem, including a major Shibarium blockchain upgrade aimed at enhancing decentralization. This effort reflects a strategy to expand SHIB’s utility beyond its meme coin reputation.
While technical indicators paint a mixed picture—with moderate bullish momentum but no clear breakout—AI-driven forecasts from platforms like Google’s Gemini project potential growth to $0.00003 by 2025, suggesting a possible 106% upside from current prices.
Technical Analysis Overview
- SHIB’s price fell 5.4% over 24 hours, fluctuating between a high of $0.00001507 and a low of $0.00001424, representing volatility of about 5.5%.
- Strong resistance formed at $0.00001460 during heightened selling at 23:00, when volume peaked at 1.72 trillion, well above the daily average.
- Post-decline, SHIB established a consolidation zone between $0.00001440 and $0.00001456, with repeated tests of $0.00001440 indicating potential price stabilization.
- In the last hour, SHIB dropped 0.56% from $0.00001448 to $0.00001440 amid continued downward pressure.
- Intense selling between 13:54 and 13:57 pushed volume to a spike of 16.45 trillion, creating a local bottom at $0.00001430.
- A brief rebound to $0.00001441 at 14:01 formed a tentative support zone between $0.00001439 and $0.00001440, although momentum remains bearish as SHIB failed to break resistance at $0.00001445.
