{"id":70899,"date":"2025-06-02T11:30:46","date_gmt":"2025-06-02T11:30:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70899"},"modified":"2025-06-02T11:30:46","modified_gmt":"2025-06-02T11:30:46","slug":"shiba-inu-crash-to-calm-is-shib-forming-a-base-below","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70899","title":{"rendered":"Shiba Inu Crash To Calm \u2013 Is SHIB Forming A Base Below?"},"content":{"rendered":"

Shiba Inu (SHIB) recently endured a sharp sell-off, plummeting from $0.00001500 to $0.00001250 between May 29-30, evident in the volume spike during the drop. However, the subsequent slower recovery and declining volume suggest the meme coin<\/a> may now be entering a consolidation phase, quietly forming a potential base below recent highs.<\/p>\n

A Breakdown Of The May 29-30 Drop<\/h2>\n

According to a recent update<\/a> by Crypto Man MAB on X, SHIB continues to show signs of weakness in the short and long term. The meme coin is currently trading at $0.00001266, reflecting a modest +0.47% decline in the past 24 hours. In a larger time frame, SHIB has lost 3.80% over the past 30 days and a significant 54.73% over the last 180 days, underlining a persistent bearish<\/a> trend.<\/p>\n

From a technical standpoint, the chart reveals a sharp price drop between May 29 and May 30, where SHIB fell swiftly from the $0.00001500 region down to $0.00001250. This sudden decline points to intense selling pressure, likely driven by broader market<\/a> uncertainty or profit-taking. However, the price has since found some footing, showing early signs of stabilization and potential consolidation in the lower range.<\/p>\n

During the steep decline, volume analysis shows a notable spike in trading activity, suggesting panic selling or large-scale exits by holders. However, volume has tapered off following the drop, which often signals that selling activity is cooling down.<\/p>\n

Overall, Shiba Inu appears to be hovering in a consolidation zone, and key support or resistance<\/a> levels must be tested before the next major move unfolds. Whether the market will witness a bounce or further breakdown could depend on broader sentiment and if buyers step back in with conviction.<\/p>\n

Support And Resistance In Shiba Inu\u2019s Recent Performance<\/h2>\n

Crypto Man MAB observed that SHIB has found short-term support<\/a> around $0.00001250 after its recent drop, suggesting selling pressure has eased. Meanwhile, key resistance sits between $0.00001350 and $0.00001400, where Shiba Inu previously struggled to move higher.<\/p>\n

The 24-hour price range remains tight, fluctuating between $0.00001257 and $0.00001308. However, the sharp decline seen earlier still signals caution, especially with volume dropping off during the consolidation phase. Overall, the sentiment stays bearish. Without a clear reversal<\/a> or breakout, the current trend favors the bears, and further downside risk can\u2019t be ruled out.<\/p>\n

In conclusion, the analyst noted that Shiba Inu remains in a bearish trend, currently consolidating near the $0.00001250 support. A breakout<\/a> above $0.00001350 could signal renewed bullish momentum, while a drop below $0.00001250 may lead to further downside. Monitoring volume and overall market sentiment is key to confirming the next move.<\/p>","protected":false},"excerpt":{"rendered":"

Shiba Inu (SHIB) recently endured a sharp sell-off, plummeting from $0.00001500 to $0.00001250 between May 29-30, evident in the volume spike during the drop. However, the subsequent slower recovery and declining volume suggest the meme coin may now be entering a consolidation phase, quietly forming a potential base below recent highs. A Breakdown Of The […]<\/p>\n","protected":false},"author":0,"featured_media":70900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70899"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70899"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70900"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}