TLDR

Shiba Inu is trading at $0.0000128, up 0.57% in 24 hours while defending crucial support between $0.0000126-$0.0000127
Daily trading volume increased 6.32% to $146.88 million showing growing market interest
Key resistance remains at $0.0000129-$0.0000130 level that SHIB has tested twice recently without breaking through
Burn rate dropped 89.46% with only 1.57 million SHIB burned in last 24 hours
Long-term price predictions for 2030 range from $0.000005 to $0.000712 across different analysts

Shiba Inu has found itself at a critical price level as bulls work to defend an important support zone. The meme coin is currently trading at $0.0000128, showing a modest 0.57% gain over the past 24 hours.

The token has maintained its position above a short-term support range between $0.0000126 and $0.0000127. This area has acted as a reliable floor during recent trading sessions, with buyers stepping in whenever the price approaches these levels.

A brief dip toward $0.0000126 was quickly absorbed by the market, indicating active buying interest at lower prices. Technical analysts view this support zone as crucial for maintaining the current price structure.

One analyst noted that the price has tested this support multiple times and bounced back, showing strong buyer presence. However, they warned that a break below this level could trigger a liquidity hunt toward deeper demand zones.

Shiba Inu
SHIB Price

Resistance Level Creates Upside Challenge

On the upside, Shiba Inu faces resistance at the $0.0000129 to $0.0000130 range. The token has approached this ceiling twice in recent days but failed to establish a convincing breakout above it.

A brief spike near $0.00001305 demonstrated speculative buying interest, but the momentum could not be sustained. The price retreated as selling pressure emerged at higher levels.

Market observers suggest that flipping the $0.000013 level into support with rising volume could open the door for a short-term rally. Without a clean breakout, however, the price risks falling back into the lower support zone.

Daily trading volume has increased by 6.32%, reaching $146.88 million. This uptick in volume suggests growing market interest despite the subdued price momentum.

Market cap metrics show a stable value-to-volume ratio, indicating that demand remains balanced rather than overly speculative. This stability could provide a foundation for future price movements.

Technical Indicators Show Mixed Signals

Technical indicators present a mixed outlook for Shiba Inu’s near-term direction. The MACD has shown a minor bearish crossover, reflecting uncertainty in the current upward trend.

The Relative Strength Index currently sits at 38.54, moving closer to oversold territory. A move above the 50-mark could signal renewed bullish momentum, while a drop below 30 may indicate further downside risk.

These mixed signals reflect the current consolidation phase as the market weighs different factors affecting SHIB’s price action.

Tokenomics Update Shows Reduced Burn Activity

From a supply perspective, the Shiba Inu burn mechanism continues to operate, though at a reduced pace. Over the past 24 hours, only 1.57 million SHIB tokens were burned, representing an 89.46% decline in the daily burn rate.

Despite the slower burn pace, over 410 trillion tokens have been permanently removed from circulation since the mechanism began. This ongoing reduction helps address long-term inflation concerns.

Approximately 4.75 trillion SHIB tokens are currently staked, demonstrating continued confidence among long-term holders. This staking activity removes tokens from active circulation.

The reduced burn rate may limit immediate supply pressure relief, but the cumulative effect of past burns continues to influence tokenomics.

Various analysts have issued long-term price predictions for Shiba Inu extending to 2030. Changelly forecasts SHIB reaching $0.000138 by 2030, while Finder-affiliated experts project $0.0001971.

Telegaon presents a more optimistic view with a potential peak of $0.000712. However, AI model ChatGPT offers a more conservative range between $0.000005 and $0.0001.

Current trading volume of $146.88 million represents a 6.32% increase from the previous day, with SHIB maintaining its position above the $0.0000126 support level.

The post Shiba Inu (SHIB) Price Prediction & Analysis: Consolidation Phase Setting Up for Next Rally? appeared first on CoinCentral.

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Filed under: News - @ June 3, 2025 8:29 am