• SHIB is trading near the lower Bollinger Band, indicating possible oversold conditions and potential for reversal.
• Sustained volume growth and strong community support may push SHIB back toward $0.00001450 and beyond.
• 87% of the community shows bullish sentiment, suggesting optimism for a short-term price rebound.

Shiba Inu (SHIB) is moving under sustained bearish pressure with a depreciation in its value due to decreasing investor confidence. Its price has decreased by 13.98% over the last 24 hours and 16.87% over the last week.

At the time of writing, SHIB is trading at $0.00001033 with a market capitalization of $6.09 billion. However, its trading volume increased significantly by 330.14% to $762.91 million, reflecting that the traders are hopeful about new positions despite the volatile market conditions.

Source: CoinMarketCap

Also Read: Shibarium Survives Bridge Hack With 4.6M BONE Recovery and New Safeguards

SHIB Community Sentiment Turns Bullish Amid Uncertainty

According to the data from CoinMarketCap, the community sentiment shows a strong bullish outlook, with 87% of participants expressing confidence in rising market conditions. This indicates that most investors or traders believe prices will continue to increase. Such optimism often reflects positive market trends or encouraging news.

Source: CoinMarketCap

On the other hand, only 13% of the community holds a bearish view, expecting a possible decline in the market. This minority sentiment suggests limited concern about downward movement. Overall, the prevailing mood remains largely positive and growth-oriented.

SHIB Shows Potential With $0.00001450 in Sight

Moreover, the crypto analyst, SHIBCrowd, revealed that Shiba Inu (SHIB) is showing impressive resilience as it continues to hold strong around its key support zone. Traders believe this level could serve as a solid foundation for the next bullish wave. The Shib Army remains calm and confident, anticipating that this consolidation phase could set the stage for a major breakout.

Source: X

With technical levels coming into alignment and momentum gaining slowly but surely, eyes are now firmly set on the $0.00001450 target. A strong push through current levels may prompt renewed enthusiasm throughout the cryptosphere. Perhaps the peace that comes right before a storm may be the precursor to Shiba Inu’s next massive motion.

SHIB Technicals Shows Pressure as Momentum Fades

The current level of the price is near the lower Bollinger Band, which indicates possible overselling, slow market activity, and dying investors’ confidence. Strong bearish influence, weakening volume, and low buying appetite are evidenced by the recent fall of 17%. Medium- and short-term uncertainty prevails.

Source: TradingView

RSI standing at 39.80 signals mildly oversold levels, and MACD lines are level and near the zero line, registering poor momentum and failure in trend strength. In general, SHIB is ranging tightly, and there is a downside risk if support does not hold, but a potential bounce if buying pressure builds near current levels.

Also Read: Shiba Inu Price Analysis: SHIB Targets $0.00001450 Breakout Soon