Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

CoinDesk
CoinDesk
SHIB-3,07%
DOGE-3,33%

The cryptocurrency market is feeling the effects of shifting global economic conditions as Shiba Inu (SHIB) faces significant downward pressure.

The meme token's recent price action shows a clear downtrend with consecutive lower highs, breaking through multiple support levels.

The most intense selling occurred during the 07:00 hour when price collapsed to 0.0000149, with volume nearly doubling the average trading rate.

Technical Analysis Highlights

  • SHIB dropped from 0.0000159 to 0.0000149, representing a 6.4% decline with an overall range of 0.0000012 (7.5%).
  • Price action formed a clear downtrend with consecutive lower highs, breaking through multiple support levels around 0.0000156 and 0.0000152.
  • High-volume selling occurred during the 07:00 hour when price collapsed to 0.0000149, with volume exceeding 1.43 trillion SHIB—nearly double the average trading volume.
  • Formation of resistance at 0.0000152 and support at 0.0000148 suggests potential consolidation before the next directional move.
  • In the last hour, SHIB experienced significant volatility with a sharp decline from 0.0000151 to 0.0000147, followed by a modest recovery to 0.0000149.
  • Most intense selling pressure occurred between 13:33-13:36, with volume spiking to over 83 billion SHIB at 13:35, establishing a critical support zone around 0.0000148.
  • Price action formed a V-shaped recovery pattern after reaching the session low of 0.0000147 at 13:51, with increasing buying momentum pushing SHIB back above the 0.0000148 level.

Disclaimer: This article was generated with 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. This article may include information from external sources, which are listed below when applicable.

External References

  • "Shiba Inu Price Analysis: SHIB Primed For 2x Explosion as Meme Season Returns", cryptonews, published May 13, 2025.
  • "Dogecoin and Shiba Inu Teeter on Edge of Bearish Reversal: What’s Next for SHIB and DOGE Prices?", CoinPedia, published May 14, 2025.
  • "Shiba Inu (SHIB) Price Prediction for May 16", Coin Edition, published May 15, 2025.


Kunjungi Sumber
111,2 rb
0
Konten pada halaman ini disediakan oleh pihak ketiga. Kecuali dinyatakan lain, OKX bukanlah penulis artikel yang dikutip dan tidak mengklaim hak cipta atas materi tersebut. Konten ini disediakan hanya untuk tujuan informasi dan tidak mewakili pandangan OKX. Konten ini tidak dimaksudkan sebagai dukungan dalam bentuk apa pun dan tidak dapat dianggap sebagai nasihat investasi atau ajakan untuk membeli atau menjual aset digital. Sejauh AI generatif digunakan untuk menyediakan ringkasan atau informasi lainnya, konten yang dihasilkan AI mungkin tidak akurat atau tidak konsisten. Silakan baca artikel yang terkait untuk informasi lebih lanjut. OKX tidak bertanggung jawab atas konten yang dihosting di situs pihak ketiga. Kepemilikan aset digital, termasuk stablecoin dan NFT, melibatkan risiko tinggi dan dapat berfluktuasi secara signifikan. Anda perlu mempertimbangkan dengan hati-hati apakah trading atau menyimpan aset digital sesuai untuk Anda dengan mempertimbangkan kondisi keuangan Anda.