Shiba Inu Coin Price Holds Steady Near $0.000014 Amid Market Volatility

Shiba Inu (SHIB), the popular meme coin inspired by the Shiba Inu dog breed, is currently trading at approximately $0.0000144 USD as of May 29, 2025. Despite recent market fluctuations, the Shiba Inu coin price has shown resilience, remaining within a critical price range that could influence its short-term movement. This article provides a comprehensive overview of the current Shiba Inu coin price, recent market developments, and potential future trends, drawing on data from authoritative cryptocurrency sources.

Current Price and Market Data

The Shiba Inu coin price is currently around $0.0000144 USD as shown in the charts below. Over the past 24 hours, SHIB has experienced a slight decline, with 0.90% drop.

The 24-hour trading volume stands at approximately $204 million, reflecting sustained investor interest. The price has fluctuated within a 24-hour range of $0.00001395 to $0.00001468, with key support levels identified between $0.00001426 and $0.00001436 and resistance between $0.00001467 and $0.00001470.

Metric	Value
Current Price	$0.0000144 USD
24-Hour Price Change	-0.90% to -2.42%
24-Hour Trading Volume	~$204 million USD
24-Hour Low	$0.00001395
24-Hour High	$0.00001468
Support Zone	$0.00001426–$0.00001436
Resistance Zone	$0.00001467–$0.00001470
Circulating Supply	589,249.74 billion SHIB
Market Cap	~$8.49 billion USD

Recent Developments

Recent market analysis highlights a significant 74% drop in large transaction volumes over the past five days, with whale activity declining by over 80% this month. This reduction suggests a contraction in liquidity, which may be contributing to the current price stability. However, the Shiba Inu ecosystem continues to evolve, with ongoing developments in Shibarium, a layer-2 scaling solution for Ethereum, and plans for long-term token burns aimed at reducing the circulating supply. These initiatives could positively impact the Shiba Inu coin price in the future. Additionally, 28.35 trillion SHIB are held by 39,870 addresses within the $0.000014 to $0.000015 range, making this a pivotal zone for price action.

Market Analysis

Technical analysis indicates that the Shiba Inu coin price is consolidating within a triangle pattern on the four-hour chart, suggesting a potential 17% price movement in the near term. If SHIB breaks above the resistance level of $0.000015, it could target $0.000018, signaling a bullish trend. Conversely, a drop below the support level of $0.000014 might lead to a decline toward $0.00001. Recent trading sessions have shown a recovery from $0.00001427 to $0.00001431, with increasing buyer interest. Despite lower highs indicating bearish pressure, higher lows suggest some bullish momentum, creating a mixed market sentiment.

An X post from @Randy_banks_ on May 26, 2025, noted that SHIB broke above a descending channel resistance with strong bullish volume, retesting the 50-day moving average, with potential targets at $0.00001730, $0.00002050, $0.00002420, and $0.00003230. Another post from @TheCurrencyA  on May 28, 2025, highlighted the price reaching $0.000015, with 103 trillion SHIB in focus, aligning with the current critical price range.

Analyst Predictions

Analysts from Changelly predict that the Shiba Inu coin price could reach $0.0001 by 2029, with more ambitious forecasts suggesting a potential $0.01 by 2040. These projections are based on the continued development of the Shiba Inu ecosystem and broader cryptocurrency market trends. However, such long-term predictions are highly speculative and subject to significant market volatility and external factors.

Historical Context

Historically, Shiba Inu reached an all-time high of $0.00008845 on October 28, 2021, and an all-time low of $0.00000000008165 on September 1, 2020. The current price is approximately 83% below its peak but significantly higher than its lowest point. An X post from @BlackdudeDogs on May 26, 2025, noted that SHIB reached $0.00003791 on May 10, 2021, before experiencing a steep decline to the current levels.

Future Outlook

The Shiba Inu coin price remains stable around $0.0000144, with the market closely watching for a breakout from the current consolidation pattern. Investors should monitor the critical support and resistance levels, as well as updates on Shibarium and token burn initiatives, which could influence future price movements. While long-term predictions offer optimism, the cryptocurrency market’s volatility warrants cautious consideration. Shiba Inu continues to attract attention from both retail and institutional investors, making it a key player in the meme coin space.