SHIB’s Wild Ride: Whales Take a Dive and the Market Holds Its Breath! 🐋💔

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What to know:

  • In a twist worthy of a soap opera, SHIB’s large transaction volume plummeted 74% in just five days, while whale activity took a nosedive of over 80% this month. Talk about a liquidity crisis! 💧
  • Even with bearish clouds looming and resistance hanging around $0.00001470, some analysts are still wearing their rose-colored glasses, thanks to Shibarium development and token burn forecasts. 🌹

The cryptocurrency market is like a ship lost at sea, tossed by the waves of global economic tensions that weigh heavily on investor sentiment.

Shiba Inu has set up camp in a resistance zone between $0.00001467 and $0.00001470, where high-volume selling has turned upward movement into a distant dream, according to the wise folks at CoinDesk Research.

With lower highs forming like a sad song on repeat, bearish pressure is on the rise, but the token has found a cozy little support between $0.00001426 and $0.00001436.

Recent data reveals that Shiba Inu has taken a dramatic tumble, with large transaction volumes dropping from a staggering 5.76 trillion SHIB to a mere 1.47 trillion in five days. This whale-sized drop has led to a liquidity contraction that would make even the most seasoned sailor nervous. 🐳

Yet, amidst the storm, a few brave analysts cling to their bullish outlooks for SHIB’s future.

Some point to the token’s expanding ecosystem, including the much-anticipated Shibarium development, as reasons for long-term optimism. Changelly analysts are dreaming big, predicting SHIB could reach $0.0001 by 2029, while others are aiming for the stars with a potential $0.01 price point by 2040—if only they can burn enough tokens to make it happen! 🔥

Technical Analysis Highlights

  • SHIB has been on quite the rollercoaster over the last 24 hours, with prices swinging from a high of $0.00001469 to a low of $0.00001425—a thrilling 3% range!
  • The token has established a significant resistance zone around $0.00001467-$0.00001470, where high-volume selling emerged during the 13:00 and 17:00 hours, putting the brakes on any upward movement.
  • Support levels have formed at $0.00001426-$0.00001436, with the price bouncing off these levels like a rubber ball, though the declining volume profile suggests buyers might be losing interest. 🏀
  • The formation of lower highs since the 17:00 peak indicates increasing bearish pressure, with the price ultimately settling at $0.00001430, down 1.78% from the period’s high. Ouch!
  • In the last hour, SHIB showed a glimmer of hope, climbing from $0.00001427 to $0.00001431—a modest 0.28% gain. Every little bit counts, right?
  • The token established a strong support zone at $0.00001429-$0.00001430, which held firm during multiple tests at 07:26 and 07:30. Stronger than your morning coffee! ☕
  • Volume analysis reveals a flicker of buyer interest, with significant accumulation occurring during the 07:41-07:44 period when prices reached the session high of $0.00001436.
  • The formation of higher lows since 07:56 suggests a budding bullish momentum, though resistance remains at the $0.00001433-$0.00001435 level, where selling pressure emerged at 07:55.

External References

  • “Shiba Inu (SHIB) Price Prediction for May 28: Can Bulls Retake $0.00001573 as Price Squeezes?”, Coin Edition, published May 27, 2025.

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2025-05-28 16:33