Can SHIB Survive Bearish Pressure and Break Out Above $0.000018?
The post Can SHIB Survive Bearish Pressure and Break Out Above $0.000018? appeared on BitcoinEthereumNews.com.
Shiba Inu (SHIB) continues to capture attention as traders look ahead to 2025, with price action hovering around a crucial $0.000018 support level. Market sentiment remains mixed, as bearish pressure weighs on short-term momentum while long-term holders watch for signs of a potential upside breakout. With ongoing developments in the Shiba Inu ecosystem and growing speculation about its role in the next market cycle, investors are asking the key question: can SHIB defend this zone and rally higher in 2025? Alongside SHIB’s technicals, attention is shifting to a new meme coin: TOKEN6900. This project is a copycat of SPX6900, which already sits near a $1 billion market cap and has shown impressive performance. Source – Cryptonews YouTube Channel Shiba Inu Price Prediction Over the past year, SHIB dropped 13.69%, while the last month alone saw an 11.77% decline. Sellers rejected every recovery attempt and forced the token back into lower ranges. In the short term, however, SHIB found some relief. Over the last seven days, it climbed 1.54%, and in the past 24 hours, it gained 2.75%. Despite the bounce, the price still trades in a “dirty range,” moving inside a broader downtrend that has shaped its macro structure for months. HOURLY SHIB UPDATE$SHIB Price: $0.0000124 (1hr 0.07% ▲ | 24hr 1.54% ▲ )Market Cap: $7,299,266,530 (1.49% ▲)Total Supply: 589,247,732,003,676 TOKENS BURNTPast hour: 69,420 (1 transaction) Past 24Hrs: 2,481,036 (3394.81% ▲)Past 7 Days: 14,138,137 (-76.20% ▼) — Shibburn (@shibburn) August 30, 2025 On the supply side, SHIB holders burned more than 2.48 million tokens in the past 24 hours, a massive 157,726% jump from the previous day. The weekly burn total reached 14 million, down 76%, which shows how inconsistent burn activity remains. These uneven burns limit their long-term impact on SHIB’s price, but the latest surge supports short-term bullish momentum.…
Filed under: News - @ August 30, 2025 2:25 pm