The cryptocurrency market remains navigating challenging waters due to the ongoing influence of global economic tensions, which are impacting investor sentiment and market stability. Shiba Inu, a promising digital asset, has demonstrated resilience in test conditions, but this is not sustainable in the face of ongoing market volatility. According to CoinDesk Research’s technical analysis, Shiba Inu has established a resistance zone around $0.00001467-$0.00001470, where high-volume selling has prevented upward movement.
The formation of lower highs since the recent peak indicates increasing bearish pressure. While the token has found support between $0.00001426-$0.00001436, this is only partially baked. The recent dramatic decline of Shiba Inu in large transaction volumes, with significant drops of 74% in the past five days, has contributed to a liquidity squeeze. These drops indicate that whales, the dominant long-managers, are becoming more active in the market, which has drawn out both selling and buying pressure, creating a contracting ecosystem.
Despite these challenges, several analysts remain optimistic about the future of Shiba Inu. They attribute this bullish outlook to several factors, including the expanding ecosystem, such as the concept of “Shib aquariums” by Changelly, and other speculative trends. Pointers suggest that Shiba Inu has “Expanding ecosystem potential, including Shibarium development, as reasons for long-term optimism.”
According to these predictions, Shiba Inu could reach a price of $0.0001 by 2029 and potentially as high as $0.01 in 2040. However, this ambitious timeline requires significant reductions in supply through token burns, which could further destabilize the market.
Technical analysis highlights feedback from the past 24 hours: prices range from a 3% swing from $0.00001469 to $0.00001425, creating a significant resistance zone. The token has experience multiple breaks at $0.00001425-$0.00001436, with the price bouncing off these levels multiple times. This challenges the notion of long-term trending upward movement.
The low point since the 17:00 peak indicates increasing bearish pressure, with the price eventually settling at $0.00001430, a 1.78% decline from the period’s high. Although Shiba Inu has managed to recover slightly in the last hour, from $0.00001427 to $0.00001431, it failed to capture 0.28%.
Additionally, during the last two hours, the price reached $0.00001436 as a new session high, creating a strong support zone. This has been tested with significant accumulation showing a rise in price during the 07:41-07:44 period, reaching the session high. Meanwhile, the formation of higher lows since 07:56 suggests building bullish momentum.
External factors should be considered when making speculative warrants on Shiba Inu. For instance, an article by Coin Edition in May 2025 predicts that Bulls may retake the $0.00001573 target as the market squeezed. This serves as a critical point for investors to consider.
Finally, it is essential to note that Shiba Inu continues to face volatile daily trends. Despite initial gains, the exchange-traded products are largely disconnected from the underlying blockchain, posing risks to liquidity. While the token’s ecosystem and user base have potential for expansion, current day volatility suggests that long-term price direction is uncertain.
