$SHIB Drops 5% But Holds Steady—Loyal Holders and Ecosystem Growth Signal Long-Term Strength

Shiba Inu ($SHIB ) faced a 5.4% dip in the last 24 hours, sliding from a high of $0.00001507 to a low of $0.00001424. But despite the sell-off, SHIB found solid footing around the $0.00001440 support zone, with buyers stepping in to defend the level amid high volume and increased volatility.

The token is now consolidating between $0.00001440 and $0.00001456, showing signs of stabilization—even as the market leans cautiously bearish in the short term.

One major bullish signal? Over 1.13 million wallets have held SHIB for over a year. That kind of loyalty speaks volumes, especially in a market driven by hype and quick flips. It’s clear that many in the SHIB community are here for the long game.

📊 Technical Highlights:

  • SHIB’s volume spiked to 1.72 trillion during the drop—well above average—suggesting panic selling followed by strong absorption.

  • Local bottom was tested multiple times around $0.00001430–$0.00001440, confirming this area as a key support level.

  • Resistance is forming around $0.00001460, with buyers currently struggling to reclaim momentum above $0.00001445.

  • A brief bounce attempt around 14:01 hints at possible stabilization, but bears still hold near-term control.

🔧 Ecosystem Outlook:

The broader Shiba Inu ecosystem continues to evolve, with upcoming upgrades to Shibarium, the project’s Layer 2 solution, aimed at boosting decentralization and real-world utility. This aligns with the dev team’s mission to move SHIB beyond just meme status.

💡 Future Projections:

While technical indicators remain mixed, AI-based forecasts—including from Google’s Gemini—suggest SHIB could potentially reach $0.00003 by 2025, marking a possible 105% upside from current levels.

The takeaway? SHIB may be down short term, but its core community and ongoing development hint at much more beneath the surface. Keep an eye on this consolidation zone—it could set the stage for the next major move.

What’s your outlook—accumulating, holding, or waiting on the sidelines?

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