SHIB Price Prediction for May 25

Crypto Market Experiences Decline as SHIB Price Dips

Recent data from CoinStats reveals a downturn in the crypto market, with Shiba Inu (SHIB) experiencing a 0.42% price drop over the past 24 hours.

Short-Term Outlook for SHIB

On the hourly chart, SHIB's price is hovering closer to support levels than resistance, indicating potential for further decline. However, if bullish momentum returns, traders could see a test of resistance levels by tomorrow.

Broader Market Sentiment

The longer-term outlook appears more bearish than bullish for SHIB. A daily close below $0.00001397 might trigger a support breakout, potentially pushing prices toward the $0.00001350 range.

Key Levels to Watch

Investors should pay close attention to the weekly candle close relative to the $0.00001397 level. A weekly close below this critical threshold could signal further downside toward the $0.000012 zone.

As of now, SHIB is trading at $0.00001438.