Current Price: Approximately $0.000016 USD.
24-Hour Change:
* Some sources recorded an increase of up to 4.00%.
* While other sources indicate a decrease ranging between 4.47% and 5.22%.
Key Points from News and Analysis:
* Whale Activity: A significant increase in whale inflows has been observed by 2,952% in recent days, which may indicate a potential price shift.
* Burn Rate: There is increasing interest in the SHIB coin burn rate, with some reports indicating a significant increase in the rate and speculation about the possibility of burning one billion tokens daily. This could positively impact the coin's price in the long term by reducing supply.
* Technical Indicators:
* The 200-day Moving Average has continued its upward trend since May 5, 2025, indicating a strong trend.
* On the four-hour timeframe, some analyses suggest a downward trend based on the 50 and 200-day Moving Averages.
* The Relative Strength Index (RSI) is currently above the neutral zone, suggesting that the price is in an "overbought" area but could remain so for some time.
* Price Predictions: There is a divergence in predictions, with some indicating the possibility of a significant increase in the coming months, while others warn of high volatility in the cryptocurrency market.
* Ecosystem Developments: There are ongoing efforts to develop the Shiba Inu ecosystem with new features such as Decentralized Finance (DeFi) applications and Non-Fungible Tokens (NFTs), which could increase the coin's appeal.
Summary:
SHIB coin appears to be experiencing price fluctuations currently, with positive factors such as whale activity and potential burn rates, in addition to some mixed technical signals. Investors should closely monitor the market and conduct their own research before making any investment decisions.
