Shiba Inu (SHIB) Consolidates Following Significant Price Volatility, Establishing a Pattern Between $0.00001440 and $0.00001456.

Shiba Inu (SHIB) has stabilized following significant price volatility, establishing a consolidation pattern between $0.00001440 and $0.00001456.

Shiba Inu (CRYPTO: SHIB) token price has shown signs of stabilization after facing significant price volatility, now establishing a consolidation pattern between $0.00001440 and $0.00001456.

The meme token encountered an wave of selling pressure, with trading volume peaking at 1.72 trillion during the rapid price decline. However, persistent tests of the critical support at $0.00001440 showcased strong interest from buyers.

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Despite short-term price fluctuations, blockchain data from platforms like Tokenview highlights remarkable loyalty from Shiba Inu holders.

Currently, more than 1.13 million addresses are holding SHIB for over a year, showcasing confidence in the token’s long-term prospects.

Shiba Inu Ecosystem Updates

The Shiba Inu ecosystem continues its development trajectory with a significant update on Shibarium blockchain. A recent report by the Shibarium team focused on the importance of decentralization and its role in securing the blockchain network.

This aligns with the broader goal of expanding Shiba Inu's utility beyond its meme token status.

The crypto community is eagerly awaiting the full launch of Shibarium, which is expected to bring new use cases and applications to the Shiba Inu ecosystem.

What Next For Shiba Inu Price

Technical analysis of SHIB/USDT on 4-hour chart indicates mixed signals. MACD shows moderate bullish momentum with a histogram at 0.00000030 and MACD at -0.00000005. However, RSI at 48.68 is in the neutral zone, and Stochastic at 80.00 is overbought, lacking strong breakout confirmation.

Despite some buying pressure evident in MACD, the RSI and Stochastic suggest potential for a nearing reversal.

Shiba Inu price is currently facing resistance at $0.00001450, a level that has stalled the token's recovery from the recent crypto crash.

If the bulls manage to push through this resistance, the next resistance level could be at $0.00001500, which is the 50% Fibonacci retracement level of the recent price decline.

If the bears regain control and break the support at $0.00001440, the next support level could be at $0.00001400, which is the low of the recent price range.

AI Price Prediction

According to Google’s Gemini AI, Shiba Inu price could reach $0.00003 by 2025. This represents a possible 105.9% increase from current price levels.

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