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Shiba Inu Price Prediction For May 2025

Munene Timothy by Munene Timothy
May 3, 2025
in Binance Feed, Market, Price Analysis
Reading Time: 4 mins read
Shiba Inu Price Prediction For May 2025
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  • SHIB trades near $0.00001325, with a 512% breakout target possible if the inverse head and shoulders pattern completes.
  • Over 25.7M SHIB were burned in 24 hours, marking a 22,598% surge; whale activity also pushes trading volume higher.
  • Price remains in a tight range; a break above $0.000015 could lead to a rally, but $0.000011 support is crucial to hold.

On May 3, at the time of writing, Shiba Inu ($SHIB) was trading at $0.00001325, down by 1.72% over 24 hours, based on Shibburn data. Its market cap is at $7.81 billion, with daily losses also reaching 1.70%. 

Despite short term weakness, SHIB’s long term outlook is promising with achievable breakout points. Shib Bezos has noted an Inverse Head and Shoulders formation still intact on SHIB’s larger timeframe. 

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According to the analyst, SHIB appears to be building its final shoulder, with the potential for a major breakout. He stated the breakout target is over 512% above current prices, estimating $0.000081 as a possible level if the pattern confirms.

Accumulation Zone and Key Levels

After declining from over $0.000035 in December to near $0.000010 in February, SHIB found stability in March. Since then, the price has remained within a range from $0.000011 to $0.000015, suggesting possible accumulation. 

This range has not been broken as of early May. Volume data further supports a neutral stance in the market. Current daily volume is at 235.26 billion SHIB. While moderate, this volume level does not indicate strong conviction from either side.

Source: Tradingview

The RSI is at 52.31, neither overbought nor oversold. Earlier RSI peaks near 58 suggest some bearish momentum. Meanwhile, the MACD line shows a small lead over the signal line, suggesting mild upward pressure. However, the narrow margin suggests a fragile trend without confirmation.

Burn Rate Surges While Whale Activity Increases

Shibburn also reported a sharp surge in burn activity over the past 24 hours. More than 25.7 million SHIB were burned, a 22,598% increase. Over the last seven days, over 337 million tokens have been burned, rising 297% week-on-week.

HOURLY SHIB UPDATE$SHIB Price: $0.00001325 (1hr -0.11% ▼ | 24hr -1.72% ▼ )
Market Cap: $7,811,889,639 (-1.70% ▼)
Total Supply: 589,251,677,810,065

TOKENS BURNT
Past 24Hrs: 25,770,312 (22598.92% ▲)
Past 7 Days: 337,663,581 (297% ▲)

— Shibburn (@shibburn) May 3, 2025

Earlier when the Shib burn rate spiked by 1500% on April 9th the price fell by 3%. But during this recent spike, Andrew Griffiths noted increased whale activity. He emphasized that trading volume has spiked while SHIB continues to move within a parallel channel. According to Griffiths, the volume spike could push prices 20% higher toward $0.000016 in the short term.

#SHIB crypto fam, ✌️ All previous targets hit! ✅ Let’s analyze Shiba Inu's price potential 🔍📈.

Trading volume is surging, indicating whale activity! Currently in a parallel channel, expect a 20% boost towards 0.000016 soon. 📚🙌

🧨 Insights: Increased volume signals whale… pic.twitter.com/MaBR9uqixw

— Andrew Griffiths (@AndrewGriUK) May 3, 2025

That projected price aligns with the top of the current range. Breaking this resistance could indicate strength if volume remains elevated. However, failure to hold above $0.000012 could risk a drop back toward $0.000010 or lower.

Breakout or Breakdown Depends on Volume and Price Moves

Resistance is at $0.000015. If broken with strong volume, price may attempt $0.000018 or even $0.000020. However, a breakdown under $0.000011 could invite further losses, especially if broader market sentiment turns negative.

Tags: Price AnalysisShiba Inu (SHIB) News

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