“Shib Droped 5% on High Volume But Found Support Near $ 0.00001440. With Over 1.13m Loyal Holders and Ecosystem Updates Ahead, Long-Term Sentiment Stays Firm.”, – WRITE: www.coindesk.com
The meme token Faced Inteense Selling Pressure with Volume Reaching 1.72 Trillion Dringing Peak Decline, But Multiple Tests of Support at $ 0.00001440 Showed Strong Buyer Interest.
Despite Short-Term Fluctuations, Blockchain Data Reveals Remarkable Holder Loyalty, With Over 1.13 Million Addresses Maintening Their Positions for More Thons, Signaling CONFIDENCE INFIDENCE
The Shiba Inu EcoSystem Continues Development With A Significant Shibarium Blockchain Update Focused on Improving Decentralization. This Aligns with the Team’s Strategy to Enhance Utility Beyond Meme Status.
Technical Analysis Highlights
- Shib ExperienCed A Notable 5.4% Price Deckline Over The 24-Hur Period, With The Overall Range Spanning From A High of 0.00001507 To A Low of 0.00001424, RepreSenting ALAZNING (
- The Token Found Strong Volume-Supported Resistance at the 0.0000146 Level Dringing The 23:00 Hour WHEN SELLING PRESURE INTENSIFIED WITH VOLUME REACHING 1.72 Trillion, SIGNIFICANTLY
- After the Sharp Decline, Shib Establized A Consolidation Pattern Between 0.0000140 and 0.00001456, with Multiple Tests of Support at 0.00001440 Showing Buyliest Betest, SuggGGGGGGGGGGGGGGGGGisten on Directional Move.
- In the past hour, shib experienCed significant Downward Pressure, Droping from 0.00001448 to 0.00001440, Representing A 0.56% Deckline.
- The Token Faced Inteense Selling Between 13: 54-13: 57, With Volume Spiking to 16.45 Trillion At 13:57, Creating A Local Bottom at 0.00001430.
- A Brief Recovery Attempt Occurred At 14:01 WHEN PRICE REBOUNDED TO 0.00001441, Forming a Potential Support Zone Between 000001439-0 Inability to Reclaim The 0.00001445 Resistance Level.
External References
- “Shiba Inu (Shib) Bucks Market Slump with Unexpectioned Show of Price Strengu”, Coin Edition, Published May 23, 2025.
- “Shiba Inu (Shib) Price Predict: Is $ 0.00003 Next?”, Coinpedia, Published May23, 2025.