SHIB News: Shiba Inu Displays Bullish Momentum with 1.47% Gain in 24 Hours

Shiba Inu Gains 1.47% in 24 Hours

Shiba Inu ($SHIB) has seen a significant price increase of 1.47% over the past 24 hours, currently trading at $0.00001318. Despite minor dips, the meme coin maintains an overall bullish momentum, hinting at potential future price surges. With a market capitalization of $7,747,258,136.12, $SHIB continues to attract attention in the crypto market.

Shiba Inu: Assessing SHIB Bulls’ Defense at $0.00001288

The weekly price action of Shiba Inu (SHIB) has displayed a strongly bearish bias. The coin fell below a key long-term level last week and was attempting to reclaim it, but the higher timeframe bias remained bearish. The price action was influenced by Bitcoin’s (BTC) range formation in December, which triggered a downward movement in SHIB. Other events eroded the bullish conviction in memecoins, a trend that has persisted. On the weekly chart, SHIB has a bearish structure, trading just above the $0.00001288 support level.

Shiba Inu whale exodus sparks bearish fears

Shiba Inu (SHIB) saw a massive fall in large holder netflows, hinting at a hike in selling pressure. The 70% fall in inputs from large holders indicated wholesale wallet abandonment, which corresponded with a 31% reduction in holdings by $1-$10 million SHIB wallet investors in a day. Whale cash-outs lowered SHIB’s liquidity, causing the price to get stuck in a bearish range below $0.000014. The lack of new whale activity would make it harder for SHIB to recover, as it could break important support levels.

Shiba Inu Coin Price Prediction 2025-2031

In 2025, the Shiba Inu coin price prediction suggests a maximum value of $0.000027. In 2028, SHIB can reach a maximum value of $0.000079. The price of Shiba Inu is predicted to reach an average value of $0.000213 in 2031. The Shiba Inu (SHIB) cryptocurrency has evolved into a comprehensive ecosystem with significant growth and utility, including ShibaSwap and Shibarium. These developments have boosted SHIB’s adoption and functionality, leading to questions about its future price trajectory.