Shiba Inu (SHIB) currently trades near $0.00001353, aligning closely with its 20-day simple moving average (SMA) as technical patterns suggest critical directional signals for the cryptocurrency’s price trajectory.
Market participation previously surged with volumes reaching 2.47 trillion SHIB tokens before receding to current levels around 1.57 trillion. The volume contraction creates uncertainty about impending price action despite recent strong trader engagement.
Technical analysis indicates Bollinger Bands are establishing potential support near $0.00001107, which may serve as a dynamic floor should downward pressure intensify. Resistance looms at $0.000015 where any bullish momentum could face significant selling pressure.
Market participants note an elevated risk of volatility should SHIB breach the $0.000011 support level, potentially triggering accelerated sell-offs. Conversely, maintaining current support reduces the probability of so-called ‘adding a zero’ scenarios involving drastic depreciation.