From May 29 to May 30, 2025, the Shiba Inu (SHIB) cryptocurrency exhibited notable volatility, with prices fluctuating between $0.000013252 and $0.000014508, as reported by CoinDesk Research’s technical analysis data model. Throughout this period, a significant support level appeared around $0.000013285, where increased buying pressure was observed, prompting subsequent upward reversals.
In contrast, resistance was identified near $0.000014500, indicating a decline in upward momentum. By the end of May 30, SHIB’s price found stability at approximately $0.000013390, although a decrease in trading volume hinted at cautious sentiment among investors.
Several macroeconomic factors played a role in the heightened volatility within the cryptocurrency market, which included SHIB. Geopolitical tensions and shifts in trade policies have contributed to the overall fluctuation in digital asset prices.
Additionally, the microeconomic environment was marked by an influx of over 2 trillion SHIB tokens entering exchanges. This influx, combined with the presence of a descending triangle pattern in technical charts, suggested potential bearish movements for the asset.
These evolving market dynamics kept SHIB’s price relatively constrained, even in a broader market experiencing gains.
Technical Analysis Highlights
- SHIB demonstrated volatility within a price range of $0.000013252 to $0.000014508, reflecting an approximate 8% variation.
- Strong price support was identified around $0.000013285, which facilitated upward price shifts.
- Resistance near the $0.000014500 mark showed signs of weakening price momentum.
- By the final hour of trading, prices stabilized at about $0.000013390, accompanied by diminished trading activity.
External References
- Shiba Inu Price Prediction: Is a SHIB Collapse Coming? 2 Trillion Tokens Flood Exchanges, Cryptonews, published May 28, 2025.
- Shiba Inu Targets $0.000017 Amid Triangle Breakout Hopes, The Crypto Basic, published May 29, 2025.
- Shiba Inu (SHIB) Price to Pump by 17%? Top Analyst Spots Breakout Signal, CoinPedia, published May 29, 2025.
- Analyst Identifies Key Trading Setup for Shiba Inu in Current Price Range, Coin Edition, published May 30, 2025.
