Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend
- SHIB struggles to break resistance, risking further decline toward $0.00001000.
- Massive SHIB burns increase scarcity, but price impact remains uncertain.
- Shytoshi Kusama’s absence fuels speculation amid ongoing ecosystem development.
Shiba Inu (SHIB) continues to face a tough downtrend, despite a slight price increase in the last 24 hours.
The key question for investors: can SHIB break out, or is this just a temporary blip?
SHIB’s Current Price Action
As of press time, SHIB trades at $0.00001276, a 2.17% increase over the last 24 hours. However, the price remains down 1.15% over the past week.
Trading volume stands at $163,987,891, with a market cap of $7.47 billion. Despite the short-term gain, the bigger picture shows ongoing weakness. According to analyst SHIB KNIGHT, the cryptocurrency has been in a steady decline since December 2024, with lower highs consistently forming and blocking any substantial breakout.
While a strong support level has…
The post Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend appeared first on Coin Edition.
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Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend
- SHIB struggles to break resistance, risking further decline toward $0.00001000.
- Massive SHIB burns increase scarcity, but price impact remains uncertain.
- Shytoshi Kusama’s absence fuels speculation amid ongoing ecosystem development.
Shiba Inu (SHIB) continues to face a tough downtrend, despite a slight price increase in the last 24 hours.
The key question for investors: can SHIB break out, or is this just a temporary blip?
SHIB’s Current Price Action
As of press time, SHIB trades at $0.00001276, a 2.17% increase over the last 24 hours. However, the price remains down 1.15% over the past week.
Trading volume stands at $163,987,891, with a market cap of $7.47 billion. Despite the short-term gain, the bigger picture shows ongoing weakness. According to analyst SHIB KNIGHT, the cryptocurrency has been in a steady decline since December 2024, with lower highs consistently forming and blocking any substantial breakout.
While a strong support level has…
The post Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend appeared first on Coin Edition.
Read More