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Coin Edition 2025-03-15 10:14:37

Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

SHIB struggles to break resistance, risking further decline toward $0.00001000. Massive SHIB burns increase scarcity, but price impact remains uncertain. Shytoshi Kusama’s absence fuels speculation amid ongoing ecosystem development. Shiba Inu (SHIB) continues to face a tough downtrend, despite a slight price increase in the last 24 hours. The key question for investors: can SHIB break out, or is this just a temporary blip? SHIB’s Current Price Action As of press time, SHIB trades at $0.00001276 , a 2.17% increase over the last 24 hours. However, the price remains down 1.15% over the past week. Trading volume stands at $163,987,891, with a market cap of $7.47 billion. Despite the short-term gain, the bigger picture shows ongoing weakness. According to analyst SHIB KNIGHT, the cryptocurrency has been in a steady decline since December 2024, with lower highs consistently forming and blocking any substantial breakout. $SHIB can't break the downtrend since December 2024 on daily chart. A good bottom formed at these levels. Maybe this time ? pic.twitter.com/2M7LLoPmsY — $SHIB KNIGHT (@army_shiba) March 14, 2025 While a strong support level has… The post Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend appeared first on Coin Edition .

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