Shiba Inu (SHIB) has seen a modest decline over the past 24 hours, trading at $0.00001223 at the time of writing. The token slipped by 0.61% during the period, mirroring weaker sentiment across the broader crypto market.
Market Overview
SHIB currently holds a market cap of $7.2 billion, with a fully diluted valuation (FDV) also at $7.21 billion. Trading activity was lighter than usual, with 24-hour volume falling 15.88% to $299.5 million. This drop in trading interest reflects cautious investor sentiment following whale movements that reportedly reduced holdings.
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Shiba Inu maintains a strong community base of 2.85 million holders, a factor that continues to provide stability despite recent volatility.
Price Action and Key Levels
In the past 24 hours, SHIB fluctuated between a low of $0.00001188 and a high of $0.00001248, showing limited volatility compared to larger-cap assets. The price chart highlights a sharp dip late yesterday, followed by a partial recovery in the early hours of today.
24-hour price chart Source: CoinMarketCap
Currently, SHIB is trading just below its short-term resistance near $0.0000125. A sustained push above this level could open the path toward stronger bullish momentum. On the downside, the $0.0000118 support zone remains critical, as a break below could trigger further sell-offs.
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Shiba Inu remains far below its all-time high of $0.00008845, recorded in October 2021. That peak is now 86.18% lower than current prices. However, SHIB is still up an astonishing 149,672,338% since its all-time low of $0.00000000008165, set in September 2020. This dramatic rise underscores the meme coin’s historic volatility and speculative appeal.
Despite short-term weakness, SHIB continues to attract strong interest due to its massive supply and loyal holder base. Market confidence will depend on whale activity, broader crypto sentiment, and potential ecosystem developments like Shibarium adoption. If bulls defend the $0.000012 support zone, Shiba Inu could stage a rebound toward $0.000013 in the coming days. However, failure to hold this level may extend the downward pressure.
