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SHIB Slides 5% but Finds Support as Loyal Holders Hold Their Ground
SHIB dropped 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.
Updated Jun 2, 2025, 9:09 p.m. Published May 24, 2025, 3:31 p.m.
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What to know:
- SHIB dropped 5.4% in 24 hours but stabilized above $0.00001440 after sharp selling pressure.
- Over 1.13 million wallets have held SHIB for more than a year, signaling strong investor loyalty.
- Support zone between $0.00001439 and $0.00001456 held despite spikes in volume and volatility.
Shiba Inu has stabilized following significant price volatility, establishing a consolidation pattern between $0.00001440 and $0.00001456.
The meme token faced intense selling pressure with volume reaching 1.72 trillion during peak decline, but multiple tests of support at $0.00001440 showed strong buyer interest.
STORY CONTINUES BELOW
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Despite short-term fluctuations, blockchain data reveals remarkable holder loyalty, with over 1.13 million addresses maintaining their positions for more than a year, signaling confidence in SHIB's long-term prospects.
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.
While technical indicators show mixed signals with moderate bullish momentum but lacking strong breakout confirmation, AI predictions from platforms like Google's Gemini suggest potential growth to $0.00003 by 2025, representing a possible 105.9% increase from current levels.
Technical Analysis Highlights
- SHIB experienced a notable 5.4% price decline over the 24-hour period, with the overall range spanning from a high of 0.00001507 to a low of 0.00001424, representing a volatility range of 0.00000083 (5.5%).
- The token found strong volume-supported resistance at the 0.0000146 level during the 23:00 hour when selling pressure intensified with volume reaching 1.72 trillion, significantly above the 24-hour average.
- After the sharp decline, SHIB established a consolidation pattern between 0.00001440 and 0.00001456, with multiple tests of support at 0.00001440 showing buyer interest, suggesting potential stabilization before the next directional move.
- In the past hour, SHIB experienced significant downward pressure, dropping from 0.00001448 to 0.00001440, representing a 0.56% decline.
- The token faced intense 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 0.00001439-0.00001440, though momentum remains bearish as evidenced by the inability to reclaim the 0.00001445 resistance level.
External References
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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