## Overview of Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme coin on the Ethereum blockchain, launched in August 2020 as a 'Dogecoin killer'. SHIB has evolved into an ecosystem with Layer-2 solution Shibarium, decentralized exchange ShibaSwap, NFTs, games (**Shiba Eternity**) and plans for the metaverse. The token is used for transactions, staking, and governance. Large-scale token burns (41% of initial supply) aim to reduce inflation.
- Price (June 26, 2025): ~$0.00001165–$0.00001180 (according to CoinMarketCap, CoinDesk, TradingView).
- Market capitalization: ~$6.84–$6.87 billion (ranking ~13–14).
- Trading volume (24h): ~$153–$200 million, down 33.2% over the day.
- News:
- Token burning: 410.75 trillion SHIB (41% of initial supply) removed from circulation, including 410 trillion from Vitalik Buterin. Burn in 24 hours (June 21): 13.52 million tokens (+1906.84%).
- Shibarium update: Improvements in June 2025 increased resistance to censorship and privacy (FHE - Fully Homomorphic Encryption).
- Partnership with X and launch of predictive market with Polymarket (June 6).
- Whale activity: 2.6 trillion SHIB moved to exchanges, causing a dump (June 17).
- Growth in wallets: 1.51 million unique addresses, record growth.
## Technical Analysis
- Current situation: SHIB price dropped 50% in 2025 and 9.02% in June, trading at $0.00001165–$0.00001180. The daily chart shows consolidation in the range of $0.00001025–$0.0000135, with a V-shaped recovery forming after the low of $0.00001025 (June 22). Bullish divergence on the RSI indicates a possible rebound.
- Key levels:
- Support: $0.0000113–$0.0000115 (50-day SMA).
- Resistance: $0.0000135, then $0.0000154.
- Indicators:
- RSI (daily): ~35.72, close to oversold, with bullish momentum.
- MACD: Neutral, with a hint of a bullish crossover.
- SMA: Price below 50-day SMA ($0.0000125) and 200-day ($0.000015), reflecting a bearish long-term trend.
- Volumes: Decrease from $1.63 billion (May) to $153–$200 million, indicating market fatigue.
- Chart: Price testing $0.00001165 in the consolidation range. Closing above $0.0000135 could raise the price to $0.0000154. Check on TradingView (SHIB/USDT) or CoinMarketCap.
## Fundamental Factors
- Positive:
- Strong ecosystem: Shibarium, ShibaSwap, NFTs, and metaverse plans increase utility.
- Token burning (410.75 trillion removed) supports the deflationary model.
- Active community (#ShibArmy) and partnerships with X, Polymarket. 65% bullish sentiment on X.
- Increase in wallets (1.51 million) and transactions on Shibarium.
- Risks:
- High volatility: 940K addresses in loss, down 9.02% in June.
- Dependence on hype and whale movements (2.6 trillion SHIB on exchanges).
- Competition with new meme coins (Little Pepe, Angry Pepe Fork).
- Geopolitical tensions (Middle East conflict) are pressuring the market.
## Recommendations
- Traders: Buy when holding above $0.0000115 (target $0.0000135–$0.0000154, stop-loss $0.0000105). Sell on break below $0.0000113 (target $0.00001025). Monitor volumes and whale activity.
- Investors: Growth potential is linked to Shibarium and burns, but high volatility and competition pose risks. Await news on the metaverse and TVL.
- Monitoring: Follow X (@Shibtoken, @ShibainuCoin) and charts on TradingView.