$SHIB $SHIB

As of early June 2025, Shiba Inu (SHIB) is trading at approximately $0.00001264, reflecting a modest decline of 0.24% over the past 24 hours. The cryptocurrency's price has fluctuated between an intraday high of $0.00001278 and a low of $0.00001196.

SHIB's price movement has been influenced by various factors, including market sentiment, technical indicators, and broader economic conditions. Recent analyses suggest a mixed outlook for SHIB in June 2025.

Technical Analysis and Market Sentiment

Technical indicators show that SHIB is currently experiencing bearish momentum. The Relative Strength Index (RSI) stands at 41.15, indicating that the asset is approaching oversold territory. The Moving Average Convergence Divergence (MACD) has also signaled a bearish crossover, suggesting potential for further downside. Key support levels are identified at $0.00001236 and $0.00001100, while resistance levels are at $0.00001420 and $0.00001500 .

On-chain data reveals that a significant amount of SHIB tokens are held by investors with a cost basis ranging from $0.000012 to $0.000013. This concentration may act as a support zone, as holders may resist selling at a loss, potentially stabilizing the price .

Community and Development Initiatives

The Shiba Inu community, known as the #ShibArmy, remains a strong force behind the token's resilience. Recent developments, such as the launch of ShibaDAO—a decentralized governance entity—have empowered the community to have a more significant role in the project's direction .

Future Outlook

Analysts have provided a range of price predictions for SHIB in June 2025. Some forecasts suggest a potential climb to $0.00001617, indicating a possible gain of 33% . Others predict a more conservative range, with prices fluctuating between $0.000012 and $0.00001877. These projections are contingent on various factors, including market adoption trends and regulatory developments.