#ChristmasMarketAnalysis Shiba Inu's (SHIB) performance over the last 7 days has been quite volatile. Here are the key points from my research:
- *Price Movement*: SHIB's price has declined by -18.03% over the past 7 days, with a weekly range between $0.00001876 and $0.00002775 ¹.
- *Current Price*: As of today, SHIB is trading at $0.0000223, with a 24-hour volume of $669 million ².
- *Market Capitalization*: SHIB's market capitalization stands at $13.1 billion ².
- *Technical Indicators*: The Relative Strength Index (RSI) is at 37, indicating oversold conditions, which could attract buyers ¹.
- *Support and Resistance Levels*: Key support levels are at $0.0000202 and $0.00001876, while resistance levels are at $0.0000229 and $0.0000271 ¹ ².
- *Whale Accumulation*: Large investors, or whales, have been accumulating SHIB during its price pullback, reflecting confidence in the token's potential for long-term gains ¹.
- *Price Prediction*: Analysts predict SHIB's price could reach $0.0000991 in 2025, representing a 344.69% increase from the current price ².