The cryptocurrency Shiba Inu (SHIB) is experiencing a current phase of decline, as reflected in recent price dynamics. This article reviews data on market capitalization, trading volumes, and technical analysis.
Current Trends and Market Indicators
Currently, Shiba Inu (SHIB) is trading at $0.00001408, representing a decline of 2.52% in the past 24 hours and 7.68% over the week. The market capitalization stands at $8.29 billion, with a 24-hour trading volume of $191 million, showing a nearly 12% decrease.
Technical Analysis and Key Levels
The current price of SHIB fluctuates between levels of $0.00001405 and $0.00001463. The primary resistance is at $0.0000152 while support is recorded around $0.0000138. A decline below these levels may lead to testing the zone of $0.0000125. Conversely, a breakout above $0.0000155 could target levels near $0.0000170–$0.0000190.
Shiba Inu Ecosystem News
Despite market pressure, SHIB was one of the few tokens to trade in the green amid a broader altcoin drop. Whale activity has significantly slowed, and the burn rate has decreased, indicating reduced speculative activity. Community excitement remains tied to the Shibarium Layer 2 chain, which continues to enhance dApp integration and staking opportunities.
Shiba Inu (SHIB) remains a key player in the memecoin market. The current technical levels and ecosystem news provide analysts with grounds for further exploration of its future potential.
