Overview
SHIB, the cryptocurrency, encountered notable fluctuations, trading between $0.0000132 and $0.0000145. This volatility has been attributed to cautious investor sentiments and an influx of over 2 trillion SHIB tokens into the market, prompting questions regarding future price movements.
Key Developments:
- The token fluctuated in an 8% range, indicating high intraday volatility.
- Geopolitical tensions and evolving trade policies have added to market instability.
- A descending triangle pattern, coupled with the influx of tokens, hints at potential bearish trends.
Price Analysis
From May 29 to May 30, the SHIB price varied significantly, according to CoinDesk Research’s data model. A crucial support level was observed around $0.000013285, triggering buy pressure and upward movements. Conversely, resistance near $0.000014500 suggested weakening upward momentum.
Towards the end of May 30, the price stabilized around $0.000013390, with decreasing trading volume indicating investor hesitance.
Technical Insights
- The observed price spectrum highlighted support around $0.000013285, leading to upward reversals.
- Resistance levels were marked near $0.000014500, where upward trends seemed to falter.
- The final hour showed a price close to $0.000013390, amidst reduced trading activity.
External References
- “Shiba Inu Price Prediction: Is a SHIB Collapse Coming? 2 Trillion Tokens Flood Exchanges”, published May 28, 2025.
- “Shiba Inu Targets $0.000017 Amid Triangle Breakout Hopes”, published May 29, 2025.
- “Shiba Inu (SHIB) Price to Pump by 17%? Top Analyst Spots Breakout Signal”
- “Analyst Identifies Key Trading Setup for Shiba Inu in Current Price Range”
This article primarily utilized AI assistance for generation and was reviewed to ensure accuracy and quality standards.
