$SHIB / USDT
The essentials of the moment:
Current price: approximately $0.00001219, with intraday fluctuations between $0.00001207 and $0.00001268.
Recent bearish pressure:
It has plummeted ~6% in the last two days, hitting levels not seen in 13 days.
The token burn rate collapsed by 98.9%, reflecting lower community participation. The drop coincides with massive sales of Ethereum ETFs (~$255 M), negatively affecting sentiment.
Prolonged accumulation phase:
SHIB has been operating in a sideways range of 87%, consolidating around $0.00001257, suggesting a technical base from where an explosive breakout could emerge.
Recent burn surge:
Although token burning increased by 367% this week (~631 million burned), the price still fell 11%, influenced by the overall bearish market pressure.
Structural volatility vs utility:
SHIB maintains high monthly volatility (~7.3%), driven by speculation. However, the ongoing development of Shibarium, NFT integrations, and AI partnerships point towards a narrative with more fundamentals.
Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Sustained close above $0.0000130 Short: $0.0000135 → Medium: $0.0000145+
Neutral Trading between $0.0000120–$0.0000130 Accumulation zone before the breakout
Bearish Breaks below $0.0000120 Correction risk towards $0.0000110 or lower
Express Recommendation
Buy, only if SHIB consolidates above $0.0000130, validating momentum for a potential technical rally.
Wait, if it remains within the accumulation range, consolidating a base before considering an entry.
Lightning Summary
SHIB is trading near $0.0000122, under pressure from general market sales and a drop in burn activity.
Still, it faces a prolonged consolidation phase (~87%), which could serve as a technical base for an upward movement.
Key levels:
Support: ~$0.0000120
Initial resistance: ~$0.0000130
