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.
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.