$SHIB
As of May 13, 2025, Shiba Inu (SHIB) is trading at approximately $0.00001563, showing a slight decline of 0.03% over the past 24 hours.
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📊 Technical Overview
Current Price: $0.00001563
24h Change: -0.03%
Intraday Range: $0.00001485 – $0.00001620
SHIB has recently broken above the $0.00001600 resistance level, indicating a bullish trend. The price action suggests the formation of higher highs, with the next resistance levels at $0.00001750 and $0.00001850.
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🎯 Price Targets
Short-Term (Next 1–2 Weeks): $0.00001750 – $0.00001850
Mid-Term (Q2–Q3 2025): $0.00002211 – $0.00002556
Long-Term (End of 2025): $0.00006392 – $0.00006660
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⚠️ Risk Factors
Volatility: SHIB remains highly volatile, with price movements influenced by market sentiment and speculative trading.
Market Dependence: Its performance is closely tied to overall crypto market trends and investor sentiment.
Regulatory Concerns: Potential regulatory actions could impact trading and adoption.
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✅ Strategy Suggestion
For traders considering entry, monitoring the $0.00001600 support level is crucial. A confirmed bounce from this level could present a buying opportunity, targeting the $0.00001750 resistance. However, it's essential to set stop-loss orders to manage potential downside risks, especially given the token's volatility.
*Note: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*