Despite a 30% drop over the last 30 days, Shiba Inu SHIB/USD continues to see rising consumption rates, prompting traders to focus on its critical support levels.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Shiba Inu SHIB/USD | $0.00002116 | $12.5 billion | -2.1% | -5.1% |
| Dogecoin DOGE/USD | $0.319 | 47 billion dollars | -0.5% | -0.7% |
| Pepe PEPE/USD | $0.00001958 | $8.2 billion | +5.6% | +7.3% |
Trader Notes: Crypto chart analyst Ali Martinez highlighted SHIB’s important support zone between $0.0000215 and $0.0000193.
One trader responding to the post suggested that if these levels hold, SHIB could see a potential rebound.
However, the current bearish momentum increases the risk of falling below this range.
The trader recommended patience and strategic entries to those considering positions.
Technical analysis from Benzinga shows SHIB’s RSI at 20, signaling oversold conditions and indicating a potential buy signal.
Statistics: According to Shibburn, 1.72 million SHIBs were burned in the last 24 hours, including about 1 million in a single transaction six hours ago, which increased the burn rate by 243.3%.
IntoTheBlock data shows a 1.6% drop in SHIB whale transactions, while daily active addresses remained stable at 15.5 billion. Daily transactions on Shibarium increased from 4.6 million to 4.7 million, reflecting consistent activity on the network.
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