Shiba Inu (SHIB) Price Holds Above $0.000013 Support Level Ahead of Trump Crypto Summit

Shiba Inu (SHIB) price a popular meme-based coin, holds above the $0.000013 support level. The price has seen slight gains in the past 24 hours as market sentiment improves.

Shiba Inu (SHIB) price displayed slight gains in the past 24 hours, holding above the crucial support level of $0.000013. As market sentiment improves, BTC also surged 5% during the same period, driving broader optimism.

The price increase has fueled bullish momentum across various cryptos, including SHIB. Speculation is also rising ahead of the Trump Crypto Summit on March 7. Analysts are closely watching whether this event could trigger a significant price rally.

Can Shiba Inu Price Hit ATH After Crypto Summit This Month?

Shiba Inu price could experience a significant shift following the upcoming White House Crypto Summit on March 7. The event, hosted by U.S. President Donald Trump, will see the attendance of key industry figures, including Robinhood CEO Vlad Tenev.

Tenev’s presence has sparked speculation among traders, who are interested in seeing what impact it could have, especially with the possibility of Tenev highlighting SHIB’s advancements. The token has expanded its ecosystem beyond its meme coin origins.

Discussions at the summit could influence market sentiment, potentially driving SHIB’s price movements. The event may also bring broader implications for the crypto market. Some anticipate Trump to announce administration policies favoring digital assets, including discussions on a possible U.S. Bitcoin reserve.

Therefore, market watchers will be closely following developments to assess their effects on SHIB and other cryptocurrencies.

With anticipation growing, SHIB supporters are eager to see if the summit could trigger a notable price surge in the coming days.

Great choice, @vladtenev, to speak about the meme economy and also represent SHIB at the White House.

Hope he mentions the progress SHIB has made in terms of innovation and transition to full Ecosystem pic.twitter.com/OluyVXMseo

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 5, 2025

Is a Breakout Above $0.00001500 Coming For SHIB Price?

The latest SHIB price is trading at $0.00001325, reflecting a 1.38% increase. The 4-hour chart highlights key resistance at $0.000015 while support remains near $0.00001. A move above resistance could trigger bullish momentum toward $0.00001800 and $0.00002. And if bullish gets more power after the Trump crypto summit, the SHIB could revisit ist ATH.

The MACD line has crossed above the signal line, signaling potential upward momentum. The histogram shows a reduction in selling pressure, indicating possible bullish activity. However, sustained movement above $0.00001350 is required for further confirmation.

The RSI is currently at 47, suggesting neutral market conditions. If the Shiba Inu price forecast maintains its position above $0.000013, buyers might aim for $0.000015. A drop below $0.00001250 could lead to a test of lower supports around $0.00001.

To sum up, the Shiba Inu price action remains a key focus ahead of the Trump Crypto Summit. If sentiment turns bullish, SHIB may attempt a breakout to ATH. Investors are closely monitoring developments to assess potential price movements in the coming days.

Frequently Asked Questions (FAQs)

1. What is the key resistance level for SHIB?

The key resistance level to watch for SHIB is at $0.000015.

2. What support levels are important for SHIB?

SHIB has crucial support levels at $0.00001 and $0.00001250.

3. How is the Trump Crypto Summit linked to SHIB’s price?

The anticipation of the summit and the potential topics of discussion, such as a U.S. Bitcoin reserve, could influence SHIB's price.