As of May 23, 2025, the price of Shiba Inu #SHIB is approximately $0.00001561, indicating a slight increase of 0.03% over the last 24 hours. During the day, the price ranged between $0.00001498 and $0.00001588.

🔍 Short-term forecasts

Binance: Predicts the price #SHIBA will hold at $0.000016 in the coming days.

CoinCodex: Predicts an increase to $0.00001525 on May 23, with a potential rise to $0.00001630 in the coming days.

Gov.Capital: Estimates that the price #SHIB may drop to $0.000011 on May 23.

📊 Factors affecting the market

Technical patterns: Technical analysis indicates a "bullish engulfing" pattern on the weekly chart, which may suggest further increases.

Token burn: The process of burning SHIB tokens may influence the reduction of supply and potential price increase.

🧠 Conclusions for investors

The current situation in the SHIB market is mixed, with forecasts indicating both possible increases and decreases. Investors should monitor key support and resistance levels and keep track of news regarding token burns and overall sentiment in the cryptocurrency market.