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SHIB technology and macro indicators show a bearish trend
Gate News bot message, from May 29 to May 30, 2025, the SHIB price fluctuated between $0.000013252 and $0.000014508 (with a fluctuation range of 8%), a key support level appears near $0.000013285, with significant buying pressure leading to an upward reversal.
In contrast, the resistance level around $0.000014500 indicates that the upward momentum is weakening. As SHIB stabilized at around $0.000013390 at the close on May 30, the decline in trading volume suggests that investors are adopting a cautious stance.
Geopolitical tensions and changes in trade policies, along with other macroeconomic factors, have intensified the fluctuation of the cryptocurrency market, including SHIB.
In addition, the microeconomic background indicates that over 2 trillion SHIB have flowed into exchanges, coupled with the descending triangle pattern, suggesting a potential bearish trend.
Source: CoinDesk