Shiba Inu (SHIB) Stabilizes After 5% Price Decline Amid Strong Holder Support
Shiba Inu (SHIB) has stabilized after price volatility, consolidating between $0.00001440 and $0.00001456. Key points include:
- Peak selling pressure reached a volume of 1.72 trillion, but support at $0.00001440 attracted buyers.
- Over 1.13 million addresses have held SHIB for over a year, indicating strong holder loyalty.
- The Shiba Inu ecosystem is advancing with a Shibarium blockchain update aimed at enhancing decentralization and utility.
- Technical indicators show mixed signals, with moderate bullish momentum but no strong breakout confirmation.
- AI predictions suggest potential growth to $0.00003 by 2025, a 105.9% increase from current levels.
Technical Analysis Highlights
- SHIB declined 5.4% in 24 hours, ranging from $0.00001507 to $0.00001424, showing a volatility range of 5.5%.
- Resistance at $0.0000146 was supported by high volume during increased selling pressure.
- Consolidation pattern established between $0.00001440 and $0.00001456, suggesting possible stabilization.
- Recent downward pressure saw SHIB drop from $0.00001448 to $0.00001440, a decline of 0.56%.
- Intense selling occurred around 13:54-13:57, with volume spiking to 16.45 trillion, creating a local bottom at $0.00001430.
- A recovery attempt at 14:01 saw the price rebound to $0.00001441, forming a potential support zone between $0.00001439 and $0.00001440, but bearish momentum persists.