SHIB Price Analysis: Shiba Inu (SHIB) Drops 2.41% in the Last 24 Hours, Targeting $0.00001000

Currently, Shiba Inu (SHIB) is trading at $0.00001255 after a 2.41% decrease in the last 24 hours, while it has seen an 8.36% decrease over the past 30 days.

Currently, Shiba Inu (SHIB) is trading at $0.00001255 after a 2.41% decrease in the last 24 hours, while it has seen an 8.36% decrease over the past 30 days. These figures show recent short-term selling pressure alongside a more moderate medium-term correction.

The overall interest in SHIB remains high, driven by its strong community and speculative appeal. This environment of short-term selling amid moderate longer-term pressure suggests that while immediate sentiment is negative, there may be opportunities for a rebound if key support levels hold.

Moving Averages and Trendlines

Moving averages and trendlines are useful for filtering out market noise and visualizing the underlying trend:

* The 50-day Simple Moving Average (SMA) is providing support at approximately $0.000011.

* The 200-day SMA, a critical long-term indicator, is currently at around $0.000007.

* A rising trendline can be observed from the March lows, offering support to the price.

Key Support and Resistance Levels

For traders, identifying critical support and resistance levels is crucial for setting entries, exits, and stop-loss orders:

* The major support level is set at $0.00001, a psychological barrier that could spark a rebound.

* A minor support level exists at the 50-day SMA, offering a buffer against further downward pressure.

* Resistance is anticipated at the $0.000015 barrier, which could hinder upward momentum.

SHIB Price Prediction: A Technical Analysis

Based on the current technical indicators and prevailing market sentiment, we can anticipate several scenarios for Shiba Inu’s price on April 2, 2025:

Bullish Scenario

If buying pressure resumes and pushes the price above the $0.000015 resistance, opening the door for a rally toward the next resistance at $0.00002.

Consolidation Scenario

If the market remains indecisive, trading in a limited range between $0.000012 and $0.000014, suggesting low volatility and potential for a breakout in either direction.

Bearish Scenario

If selling pressure intensifies, breaking the $0.00001 support and leading to a continuation of the downtrend, with the next support level at $0.000005.

Investment Risk Consideration

Investing in Shiba Inu carries inherent risks due to its volatile and speculative nature. Investors are advised to conduct thorough research, stay updated on market developments, and consult with financial advisors before making any investment decisions in this volatile market.

Frequently Asked Questions

Recently, Shiba Inu is trading at $0.00001317 after a 2.41% decrease in the last 24 hours, and it has experienced an 8.36% decline over the past 30 days. This indicates short-term selling pressure amid moderate longer-term weakness.

Shiba Inu (SHIB) is available on major cryptocurrency exchanges such as Binance, Coinbase, Kraken, and KuCoin. These platforms offer secure, user-friendly environments for buying, selling, and holding SHIB.

For today, the forecast indicates that Shiba Inu will likely remain close to its current trading price of $0.00001317, unless significant market catalysts drive a breakout above $0.00001300 or a breakdown below $0.00001230.