Shiba Inu is trading near $0.000010, continuing its extended phase of low volatility.
Despite the large token supply and meme-coin nature, SHIB remains relevant thanks to its community, token burns, and ecosystem updates. However, near-term upside appears limited without fresh catalysts.
Shiba Inu Next Target
- Price: $0.000010
- Market Cap: $7.3 billion
- 24-Hour Trading Volume: $800mn
- Circulating Supply: 589 trillion SHIB
- Total / Max Supply: 589.55 trillion SHIB
Following a bearish breakout from Descending Triangle, below 200 SMA, price signaled resumption of downtrend. It has bounced up off of $0.0000084 support and could reach $0.000010. However, overall, it remains firmly in a downtrend.
Key Indicators & Market Signals
- SHIB is trading beneath resistance around $0.0000113; a meaningful breakout above could offer short-term momentum.
- Support appears near $0.0000097–$0.0000100; failure to hold could see price drift lower toward $0.0000090 or below.
- On-chain metrics show large token holdings (whales) and steady burn activity—positive for longer-term potential but with delayed impact.
- Compared with earlier meme-coin cycles, SHIB’s upside is constrained by its massive supply and competition from newer tokens.
Latest News Highlights
- Analysts highlight that SHIB’s burn rate has surged, but price remains stagnant—indicating that tokenomics alone aren’t driving breakout performance yet.
- Many SHIB holders are rotating into newer, utility-driven meme projects, reducing speculative capital inflows into SHIB.
- While the community remains active and loyal, broader investor attention is shifting toward tokens with clearer utility and growth narratives.
Summary
Shiba Inu is trading near $0.000010, with support around $0.0000097 and resistance near $0.0000113. Without a fresh catalyst or shift in sentiment, SHIB’s near-term upside looks muted.
Investors should monitor burn events, whale accumulation, and ecosystem updates closely—any positive change could reignite interest, while further delays may lead to sideways or downward movement.
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