Anticipated SHIB Price Movement on June 29
**Headline:** CoinStats Predicts Sideways Trading for Shiba Inu (SHIB) in the Short Term, with Key Support and Resistance Levels to Watch
According to a recent analysis by CoinStats, the popular meme cryptocurrency Shiba Inu (SHIB) is expected to exhibit mostly sideways trading in the coming days, with a slightly bearish to neutral short-term bias.
As of June 26, SHIB was trading near $0.00001152, and the market is predicted to remain in a range between $0.000011 and $0.00001250 through the end of June. There is a possible risk of a minor dip to about $0.00001140 to $0.00001100 if supports break on shorter time frames.
By June 29, the market became slightly more bullish, with SHIB rising about 1.1% over the previous day. However, the price still shows possible range-bound behavior between $0.00001150 and $0.00001180, reflecting market indecision and an accumulation phase likely to persist for a few days.
Technical indicators from mid to late June suggest SHIB needs to hold support levels around $0.00001120 to avoid further short-term declines toward $0.00001080 or $0.00001026. Overhead resistance can be found near $0.00001150 and $0.00001224-0.00001278.
Longer-term fundamentals include a significant SHIB token burn rate increase, which reduces circulating supply. This deflationary mechanism could exert upward pressure on the price over time, potentially supporting future growth beyond the current sideways range if demand strengthens.
In summary, CoinStats price predictions for the upcoming days around early July 2025 indicate that SHIB will likely trade sideways with mild volatility in the roughly $0.000011 to $0.000012 range. Investors should watch the $0.00001120 support and $0.00001150 resistance as critical points for near-term direction, while appreciating that ongoing token burns may be a positive factor for SHIB’s longer-term price appreciation.
It is important to note that this article is for informational purposes only and should not be used for trading cryptocurrencies. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Investors are advised to conduct their own research and consult financial experts before making investment decisions.
The current price of Cardano (ADA) is $0.00001150, and no new key levels have been reached as of publication. An accumulation period in the range of $0.00001150-$0.00001180 is more likely for Cardano (ADA) in the short term.
The opinions expressed by U.Today's writers are personal and do not represent the views of U.Today. Certain offers mentioned may no longer be available.
Here are two sentences using the given words:
- Investors should keep an eye on the price of Shiba Inu (SHIB) to gauge potential opportunities for trading, as CoinStats predicts a sideways trend between $0.000011 and $0.00001250 in the short term.
- In the world of finance, cryptocurrency investing continues to evolve, with platforms like CoinStats providing predictions and analysis to help individuals make informed decisions regarding their investing strategies.
