$SHIB As of June 7, 2025, Shiba Inu (SHIB) is trading at approximately $0.0000128 USD.
š Short-Term Outlook
The current market sentiment for SHIB is predominantly bearish, with 79% of indicators signaling a downward trend. Technical analysis reveals a potential head-and-shoulders pattern, suggesting a possible decline to around $0.000009 if the bearish trend continues.
š Long-Term Forecast
Looking ahead to 2025, projections vary:
DigitalCoinPrice estimates an average price of $0.0000274 USD by the end of 2025.
PriceForecastBot forecasts a potential rise to $0.00002135 USD within the next month.
ā ļø Key Factors Influencing SHIB's Price
Whale Activity: Significant transactions, such as a recent transfer of 100.45 billion SHIB tokens to Binance, indicate potential sell-offs, impacting market sentiment.
Burn Rate: A 24% decline in the daily burn rate over the past week raises concerns about the diminishing deflationary effect.
Shibarium's Performance: The total value locked (TVL) on Shibarium has decreased by 7.82% in the last 24 hours, signaling reduced developer interest and user participation.
š Conclusion
While Shiba Inu has experienced notable growth in the past, current indicators suggest a cautious approach. Investors should monitor whale activities, burn rates, and Shibarium's development closely. It's advisable to stay informed and consider the potential risks before making investment decisions.
