Shiba Inu (SHIB) slipped 5% amid heavy trading but found firm support near the $0.00001440 level. With a strong community of over 1.13 million long-term holders and upcoming updates to its ecosystem, sentiment around the meme coin remains positive for the long haul.

After a period of significant volatility, SHIB has entered a consolidation phase, fluctuating between $0.00001440 and $0.00001456. The token faced steep selling pressure, with trading volume peaking at 1.72 trillion during the downturn, yet repeated holds at $0.00001440 suggest solid buying interest.

Blockchain data shows a loyal base of holders, with more than 1.13 million addresses holding SHIB for over a year—an encouraging sign of confidence in the project’s future.

Polygon’s Shibarium blockchain upgrade is in the pipeline, aiming to boost decentralization and expand SHIB’s use cases beyond its meme coin roots.

Although technical signals are mixed—with moderate bullish trends but no confirmed breakout—AI forecasts, such as those from Google’s Gemini platform, predict SHIB could reach $0.00003 by 2025, implying a potential gain of over 100%.

Technical Snapshot

• SHIB saw a 5.4% decline within 24 hours, trading between a high of $0.00001507 and a low of $0.00001424, reflecting a volatility range of roughly 5.5%.
• Resistance near $0.00001460 was met with heavy volume of 1.72 trillion during the late evening sell-off.
• A consolidation range formed between $0.00001440 and $0.00001456, with multiple successful support tests at the lower boundary.
• Recent trading showed a 0.56% drop in the last hour, sliding from $0.00001448 to $0.00001440 amid bearish pressure.
• The heaviest sell-off occurred around 13:54 to 13:57, with volume spiking to 16.45 trillion and a local bottom forming at $0.00001430.
• A brief recovery to $0.00001441 created a tentative support zone, though the token struggled to reclaim resistance at $0.00001445.