Shiba Inu (SHIB) may face certain volatility in the next 24 hours.

Market Analysis

1. Market Performance:

• The current trading price is close to $0.000023, and the trading volume in 24 hours exceeds 2.2 billion US dollars, showing a certain market activity [51][53].

• According to forecasts, the price may fluctuate between $0.00002332 and $0.00002341 in the next 24 hours, and it is likely to fluctuate in a narrow range in the short term [53].

2. Fundamental Factors:

• SHIB relies on the development of its ecosystem (such as Shibarium's Layer-2 solution and metaverse project) to enhance its value. However, its ecological competition pressure is relatively large, such as Solana and other blockchains have faster transaction speeds and more developer support [52].

Technical Analysis

1. Indicator Analysis:

• Indicators such as moving average (MA) and relative strength index (RSI) show heavy selling pressure in the short term.

• Bollinger Bands show that the price is currently close to the middle track, with low volatility and may lack breakthrough momentum in the short term [51][52].

2. Support and resistance:

• Support level: $0.0000202

• Resistance level: $0.0000277

The current price is close to the support level. If it falls below, it may further test the low point; if it can rebound effectively, it may challenge the upper resistance [51][53].

Forecast for the next 24 hours

• If market sentiment continues to be bearish, prices may remain in the current range or move slightly downward.

• If there is an unexpected positive (such as whale buying or ecosystem news), prices may challenge resistance levels.

Investment advice

In the short term, SHIB may be more suitable for followers to wait and see or short-term operations. It is recommended to pay attention to market trading volume, whale movements, and the performance of the broader market (such as BTC and ETH) to determine whether market sentiment will push SHIB to break through the current volatility range.

(The above analysis is for reference only. Virtual currencies are highly volatile, so please invest with caution.) $SHIB