The Shiba Inu (SHIB) token has recently stabilized following a period of significant price volatility, establishing a consolidation pattern between $0.00001440 and $0.00001456. This stability comes after the meme token faced intense selling pressure, with trading volume peaking at an astonishing 1.72 trillion during its decline. However, repeated tests of support at $0.00001440 have shown robust buyer interest, indicating a potential rebound.
While some fluctuations are to be expected in cryptocurrency markets, on-chain data suggests a remarkable loyalty among SHIB holders. Over 1.13 million addresses have maintained their positions for more than a year, a strong indication of confidence in SHIB’s long-term prospects beyond its meme status.
The ongoing development of the Shiba Inu ecosystem is also noteworthy, particularly with the recent significant update to the Shibarium blockchain. This update focuses on enhancing decentralization, aligning with the team’s strategic goal to bolster SHIB’s utility and position within the broader cryptocurrency landscape.
Technical indicators at this juncture are presenting mixed signals, reflecting a moderate bullish momentum yet lacking strong breakout confirmation. Nonetheless, artificial intelligence forecasts from platforms such as Google’s Gemini propose a potential price growth to $0.00003 by 2025, which would signify an impressive 105.9% increase from current levels.
Technical Analysis Highlights
- SHIB experienced a notable 5.4% price decline over the 24-hour period, with the range spanning from a high of $0.00001507 to a low of $0.00001424, representing a volatility range of $0.00000083 (5.5%).
- The token faced strong volume-supported resistance at the $0.0000146 level during the 23:00 hour, as selling pressure intensified with volume spiking to 1.72 trillion, significantly above the 24-hour average.
- Post-decline, SHIB has established a consolidation pattern between $0.00001440 and $0.00001456, with buyers showing notable interest at the $0.00001440 support level, indicating potential stabilization before the next price movement.
- In the last hour, SHIB has encountered significant downward pressure, dropping from $0.00001448 to $0.00001440, marking a 0.56% decline.
- The token endured heightened selling activity between 13:54-13:57, with volumes soaring to 16.45 trillion, resulting in a local bottom at $0.00001430.
- A brief recovery attempt was noted at 14:01 when prices rebounded to $0.00001441, creating a potential support zone between $0.00001439 and $0.00001440. However, the bearish momentum persists, as evidenced by the failure to reclaim the $0.00001445 resistance level.
External References
- Shiba Inu (SHIB) Bucks Market Slump With Unexpected Show Of Price Strength, Coin Edition, published May 23, 2025.
- Shiba Inu (SHIB) Price Prediction: Is $0.00003 Next?, CoinPedia, published May 23, 2025.
