Shiba Inu (SHIB) at a Make-or-Break Moment
Shiba Inu is sitting at a critical price level, with 28.35 trillion tokens held in a tight range between $0.000014 and $0.000015, according to IntoTheBlock. Nearly 40,000 wallets are involved — making this range a key battleground between bulls and bears.
📉 SHIB is currently trading at $0.0000143, down 1.53% in the last 24 hours, as the overall crypto market sends mixed signals. This sideways movement could be a launchpad for a breakout or a warning sign of a breakdown, depending on how the market reacts next.
📊 What’s Next?
A clean break above $0.000015 could light the fuse for a rally toward $0.000018, but if SHIB drops below $0.000014, it might slide down to $0.00001.
🔍 Analyst Watch:
Crypto analyst Ali notes SHIB is consolidating in a triangle pattern on the 4-hour chart, hinting at a potential 17% move soon. Market sentiment will play a big role in which direction it takes.
🕒 What’s Driving Sentiment?
Traders are holding back ahead of the FOMC minutes release on Wednesday at 2:00 p.m. ET, which could offer fresh clues on the Fed’s policy outlook. And on Friday, all eyes will be on the PCE index, the Fed’s preferred inflation gauge, to gauge the health of the U.S
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