Recent Price Action – A Slow Burn or a Coiled Spring?
As of early May 2025, $SHIB is trading at around $0.0000134, up slightly on the day. But it’s not the price that’s catching eyes—it’s the volume. In just ten days, SHIB saw over $45 billion in trading volume, a staggering figure even by its own volatile standards.
On the surface, the chart suggests a token in decline. After reaching above $0.00003 in late 2024, #SHIB dropped back below $0.000015 by March 2025, with lower highs along the way. But zoom in, and the story shifts. Price appears to be stabilizing, forming a potential base between $0.000012 and $0.000014.
This kind of flattening, especially after a prolonged drawdown, often precedes a larger directional move. The key will be whether SHIB can reclaim resistance at $0.0000155 and do it with meaningful volume. If that happens, technical traders might target $0.0000175 next, with eyes on the psychological $0.00002 mark.
Behind the scenes, burn activity has slowed, with fewer SHIB tokens being destroyed daily. That’s created some concern about long-term supply pressure. But others argue the recent volume surge compensates, indicating demand is reawakening regardless.
And perhaps most importantly, SHIB continues to benefit from Bitcoin’s strength. With #BTC currently floating near $99,000, the broader meme coin space is regaining attention, and SHIB, thanks to its pedigree, is often among the first to ride the wave.