Shiba Inu takes daring progress outside the image of Meme Coins. This comes with the recent beta launch of Shib Alpha Layer, a privacy-oriented Rollup pile built on completely homomorphic coding. Made in collaboration with cryptography company Zama, this technology enables smart contracts to process encrypted data without exposing sensitive information. As a result, the DAPP potential in health care, finance and more unlocking. This layer brings different roll apps together in a uniform interface on Shibarium, which improves scalability and usability.
Despite this jump in the usefulness, however, the price of Shiba Inu is under pressure. A huge 211 million shib sale shook the market yesterday and overshadowed the bullish story. Stay on this Shiba Inu price analysis, while researching where the price action is now.
Shiba Inu (Shib) Price analysis
Shiba Inu at the time of the press changes owner of $ 0.00001171, with a dip of 1.36% in the last 24 hours and a sharper decrease of 12.68% a week. Market capitalization went to $ 6.9 billion, while the Intraday trading volume floats around $ 153.42 million, which has a small decrease of 0.60%.
On the 4-hour graph, Shib struggles under the SMA Bollinger band of 20 periods for $ 0.00001194. The price that the lower Bollinger tire hugs reflects on persistent downward pressure. A slight struiting of $ 0.00001152 hints on reactive purchase interest.
The RSI is at 42.30 and comes up from over -sold levels, which suggests early signs of bullish divergence. However, the RSI that lies under the neutral 50 marking indicates that sellers still have dominance. Technically, I believe that a break above $ 0.00001194 would be the first bullish signal. On the contrary, a fall below $ 0.00001137 could open the door to the psychological support zone for $ 0.00001100.
Curious about the next big move from Shib? Read our Shiba Inu (Shib) Price forecast 2025, 2026-2030!
FAQs
A SHIB sale of 211 meters and wider market weakness have negatively influenced the SHIB price.
RSI in the vicinity of 42 suggests that Shib is approaching territory, but not yet extreme levels. A rebound is possible if buying volume increases.
The immediate resistance is $ 0.00001194. An outbreak above could turn this around in the short term sentiment bullish.