📈 Analysis and forecast for $SHIB : further prospects 🚀
As of May 24, 2025, 13:37 EEST, the exchange rate $SHIB on Binance is $0.00001447, down 7% over the last 24 hours. The daily trading volume is about $350M, with a market capitalization of $8.52B (with a circulating supply of 589T SHIB). Sentiment on X is mixed: users note support at $0.000014 but indicate pressure after a recent pullback.
Technically, $SHIB in a downtrend. On the 4-hour chart, the price has fallen below the 50-day moving average ($0.000015), and the RSI (14) at 43 indicates bearish momentum approaching oversold conditions. Key levels: support — $0.000014, resistance — $0.0000155. A drop below $0.000014 could lead to a decline to $0.000013, but a breakout above $0.0000155 would open the way to $0.000017.
Forecast: in the short term (by the end of May), SHIB may drop to $0.000013 if pressure persists. By July 2025, a rebound to $0.000017 is possible with positive news and increased interest in meme coins. The long-term target for 2026 is $0.000030+, provided the Shiba Inu ecosystem (Shibarium) develops and tokens are burned. However, high volatility and dependence on hype pose risks.
Further prospects? After a 7% drop and the current price of $0.00001447, a decline to $0.000013 is likely. It's better to wait for a reversal above $0.0000155 with increasing volume before entering. For holders, cutting losses is justified if the price breaks below $0.000014. Keep an eye on news about Shibarium and BTC dynamics — the market is volatile! #SHİB #Binance #CryptoAnalysis
