Shiba Inu Prices Volatile as Over 2 Trillion SHIB Tokens Enter Exchanges

From May 29 to May 30, 2025, SHIB exhibited significant volatility with prices fluctuating between $0.000013252 and $0.000014508. Key support formed at $0.000013285, where buying pressure led to upward reversals. Resistance was identified near $0.000014500, indicating reduced upward momentum. By the end of May 30, the price stabilized around $0.000013390 amid declining trading volume, suggesting cautious investor sentiment.

Macroeconomic factors, including increased geopolitical tensions and changing trade policies, contributed to market volatility. Additionally, over 2 trillion SHIB tokens entered exchanges, forming a descending triangle pattern that indicated potential bearish movements. This context kept SHIB's price relatively constrained despite broader market gains.

Technical Analysis Highlights

  • Price ranged from $0.000013252 to $0.000014508, an 8% fluctuation.
  • Strong support detected at $0.000013285 triggered upward reversals.
  • Resistance noted near $0.000014500, showing weakened momentum.
  • Final prices stabilized around $0.000013390 with decreased trading activity.

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