SHIB Slides 5%, Yet Strong Holder Support Keeps It Afloat

Shiba Inu (SHIB) declined 5% amid strong selling volume but found solid support near $0.00001440, signaling resilience among its community. With over 1.13 million committed holders and key ecosystem updates on the horizon, long-term confidence remains intact.

Following a period of notable volatility, SHIB has formed a consolidation range between $0.00001440 and $0.00001456. Despite intense selling pressure driving volume to 1.72 trillion at the lowest point, repeated rebounds from the $0.00001440 support highlight sustained buyer interest.

On-chain metrics show a steadfast holder base, with more than 1.13 million addresses maintaining SHIB holdings for over a year—indicating strong belief in the token’s future potential.

Development efforts continue with the upcoming Shibarium blockchain upgrade, focused on enhancing decentralization and expanding SHIB’s practical applications beyond its meme coin origins.

Technical indicators offer a mixed outlook, showing moderate bullish momentum but lacking a clear breakout signal. Meanwhile, AI models such as Google’s Gemini project potential price growth to $0.00003 by 2025, a gain of approximately 106%.

Technical Overview

SHIB’s price dropped 5.4% in the last 24 hours, ranging between $0.00001507 and $0.00001424, a volatility span of roughly 5.5%.
Heavy resistance at $0.00001460 coincided with a surge in volume to 1.72 trillion during late-night selling.
Post-selloff, SHIB settled into a range between $0.00001440 and $0.00001456, testing support multiple times.
Recent hourly trading showed a 0.56% decline from $0.00001448 to $0.00001440 amid bearish sentiment.
The sharpest selling occurred between 13:54 and 13:57, with volume peaking at 16.45 trillion and a local low at $0.00001430.
A short-lived rebound to $0.00001441 formed a tentative support zone but momentum remains weak as resistance at $0.00001445 holds firm.