$SHIB  Shiba Inu (SHIB) Faces Market Turbulence Amid Bullish Signals and Token Burns

Shiba Inu closed trading on May 14, 2025, at $0.000015, reflecting a 4% intraday decline, according to CoinGecko data.

This dip was part of a broader sell-off in the memecoin sector, reportedly triggered by controversy surrounding a Chinese tech firm’s $300 million acquisition of Trump’s official memecoin, which rattled market sentiment.

Despite this correction, SHIB remains resilient, trading at $0.00001488 as of 7:00 AM PDT on May 15, down 6.51% over the past 24 hours, with a market cap of approximately $8.78 billion, per Shibburn’s hourly update

The past week has been a tale of two trends for SHIB. The token surged 24.4% in the seven days leading up to May 14, reaching a multi-month high of $0.00001720 on May 12, fueled by a bullish crossover between the 50 and 100 exponential moving averages (EMAs).

This technical event, noted by   U.Today, positioned SHIB as a surprising leader in the current crypto cycle, reviving momentum in the meme coin market.

However, overbought signals, including a Relative Strength Index (RSI) above 70, have raised concerns about a potential reversal, with analysts pointing to a possible pullback toward the $0.00001462 support level.

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