The price of Shiba Inu (SHIB) is currently trading around 0.0000085. The market is currently between boredom and ambush.
Summary
- SHIB is trading between support at $0.0000075 and resistance at $0.0000095, more than 90% below its all-time high.
- Whale trades above $100,000 are rising and exchange rates are rising, signaling an impending volatility shift.
- Burn rates increase from near-flat levels as Shibarium and chain activity takes hold, but the trend reversal remains unconfirmed.
Shiba Inu Price Chart
The Shiba Inu (SHIB) price is currently trading between approximately 0.0000075 and 0.0000095.
0.0000075 currently acts as initial support. 0.0000095 currently acts as immediate resistance.
A daily close is currently pushing above 0.0000095 and currently opening space towards 0.000011 to 0.000012.
A clear break currently falls below 0.0000075 and is currently dragging the price towards 0.0000070 and possibly 0.0000065.
Volume and trend
Reported 24-hour volume is currently in the low hundreds of millions of dollars. Enough for real movements, not just thin book sounds.
The price is currently more than 90 percent below its all-time high. Any upswing is currently caught in a long, hard downtrend.
The past month is currently showing a mild rebound after the November dip. There is currently no confirmed trend reversal present.
Bullish traders are currently reading early bases. Bearish traders are currently reading “standard dead cat”.
Whale stream and on the chain
Whale traffic is currently increasing. Currently, more than 400 transactions larger than $100,000 are carried out on the chain in a single day.
About 1.06 trillion SHIB is currently moving to exchanges. Currency balances are currently rising. The volatility configuration is currently being built.
Fire rates are currently rising by more than 200 percent on some days. Activity in the chain is currently coming from a previously flat, almost zero level.
Supply is currently shrinking at the edges. User activity is currently vulnerable and unstable.
Bullish example
In the bullish case, the whales are currently leading. Size is currently parked on exchanges and waiting for shorts.
The price is currently reaching 0.0000095 with volume. SHIB is currently targeting around 0.000011 to 0.0000125 in the coming weeks as burns, Shibarium usage and sentiment are currently aligning.
Bearish copy
In the bearish case, the same inflows are currently acting as ammunition for the strength distribution.
The price is currently falling to 0.0000095 to 0.0000100, but failing, currently trading at 0.0000070 or lower, while on-chain activity is currently weak and memecoin’s beta is currently bleeding.
Rational position
A rational trader currently holds both cards at the same time. Bullish and bearish, live, simultaneously.
Above 0.0000095 on rising volume is currently favored for the bullish path. Below 0.0000075 with persistent whale deposits is currently promoting the bleeding path.
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