The popular memecoin came back to that area in June and October 2023 and regained footing. This year, the token revisited around $0.000010 in March, April, and June and bounced each time. Those moves suggest there are price zones where demand has shown up.
The next level is $0.00005480, an increase of approximately 330%, and a distance benchmark at $0.00007716 suggests around 500% increase. SHIB’s own past provides some background: it climbed from $0.00000967 to $0.00004567 on March 5, 2024, on a meme-coin frenzy, and regained to $0.00003343 in December 2024 before again retreating.
Current sentiment measures look mixed. The Fear & Greed Index reads 60, which sits in the Greed zone, while technical indicators show a Bearish tilt at the moment. SHIB recorded 14/30 green days (47%) and roughly 7.02% price volatility over the last 30 days.
Traders should note that those readings can flip quickly. If weekly support holds and a catalyst pushes volume up, the mood could shift. If those supports fail, the picture could darken fast.
Meanwhile, volume and on-chain flows will be crucial going forward. A breakout candle that lacks rising volume may not last. Watch exchange inflows and whale transfers because large moves onto exchanges often precede selling.
Featured image from Meta, chart from TradingView
