#shiba

Analysis of Shiba Inu (SHIB) price in the next 2 days

1. Current situation

• The current SHIB price is fluctuating around $0.000030 with short-term volatility. Over the past week, the price has shown a slight downward trend but is still supported by buying pressure from the investor community  .

• The trading volume in the last 24 hours has ranged from $1 billion to $4 billion, indicating high interest in SHIB despite the market being unstable .

2. Technical trends

• Major support: $0.000028 - $0.000029.

• Resistance: $0.000032 - $0.000034.

• The short-term technical chart shows that the price trend of SHIB is in a consolidation state, likely to test the support area before continuing to rise slightly. If it surpasses the resistance area, the price may continue to increase  .

3. Influencing factors

• Token burning: The SHIB burning activity is helping to reduce supply, creating conditions for long-term price growth.

• Special events: Year-end events, including giveaways and community activities, may boost investor sentiment .

• Overall market: The general volatility of the cryptocurrency market, especially the prices of Bitcoin and Ethereum, will also affect the price movements of SHIB.

4. Prediction for the next 2 days

• Based on current indicators, the SHIB price may fluctuate between $0.000029 - $0.000032. If the overall market is positive, the price could reach the $0.000034 area. However, if selling pressure increases, the price may slightly decrease to $0.000028  .