Shiba Inu (SHIB) Maintains $0.000013 Support

Shiba Inu’s price has experienced heightened market fluctuations, currently sitting at $0.00001337, marking a 1.7% decline in the past 24 hours. The token briefly dipped to $0.00001277 before recovering, demonstrating significant intraday volatility. Despite this, SHIB has remained above the critical $0.000013 support level, which has played a key role in stabilizing its price.

Over the past 14 days, SHIB has dropped 14.2%, extending its year-over-year losses to 55.2%. However, slight gains of 0.7% in the past hour and 0.6% over the last week indicate potential stabilization.

Amid the volatile times for the memecoin, analysts are monitoring key support and resistance levels to determine the token’s next move.

A price chart shared by analyst Ali Martinez highlights SHIB’s ability to hold its position above $0.000013. If this level is maintained, increased buying pressure could drive prices higher.

> #ShibaInu $SHIB is holding strong above the critical $0.000013 support. If buying pressure picks up at this level, a rally toward $0.000020 could be in play!
> — Ali (@ali_charts) March 7, 2025

Historical trends reveal a significant rally in November, which pushed SHIB above the $0.000032 resistance level before a correction followed. Martinez suggests that maintaining the current support level could lead to a potential rebound toward $0.000020.

Technical Indicators and Long-Term Projections

Technical analysis by Javon Marks provides a broader view of SHIB’s potential price movement, displaying a prolonged downtrend following its previous all-time high. However, two breakout points suggest a shift in trend away from bearish conditions. The first breakout led to a moderate rally, while a subsequent retest of previous support highlighted its significance.

A hidden bullish divergence has also been identified, indicated by a higher low in price while metrics like RSI or MACD show lower lows. This pattern suggests potential bullish momentum that may support further price increases. Marks sets a primary upside target at $0.000081, projecting a possible 503.13% surge from its current price.

Sequential Price Targets and Ownership Trends

CryptoElites outlined sequential price targets for SHIB, establishing next potential levels at $0.000085171, $0.000183312, and $0.000472905. This analysis suggests a positive outlook as Bitcoin dominance decreases, favorably impacting alcoins like SHIB.

Ownership data from IntoTheBlock supports this perspective, highlighting a 1.08% increase in long-term holders.

Shiba Inu Addresses by Time Held

An increase of 0.42% in mid-term holders indicates some buyers are transitioning to longer holding periods. Meanwhile, short-term trader activity has decreased by 32.17%, contributing to market stability.