Cena Shiba Inu on BaseSHIB

#Shiba Inu ($SHIB) Gains Institutional Attention with T. Rowe Price ETF Inclusion Shiba Inu ($SHIB) may see a price reversal as T. Rowe Price includes it in a new Multi-Coin ETF, indicating growing institutional interest.

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Shiba Inu (SHIB) saw a massive 289B token outflow from exchanges, roughly 1.45% of supply, signaling long-term accumulation as holders move assets off exchanges, easing sell pressure. Technically, $SHIB trades near $0.000010, forming a descending wedge with support around $0.0000095 and resistance at $0.000012. RSI near 37 suggests oversold conditions, hinting at a potential short-term bounce but failure to reclaim key levels could extend consolidation. $PEPE $PUMP

$SHIB is currently trading in a tight range around $0.00000997, with a slight daily gain. However, a significant drop in trading volume suggests a period of low market activity and consolidation. Analysts point out that this phase of low volatility and declining volume has historically occurred before more decisive price moves. A key technical challenge for SHIB is a major descending trendline that has limited its rallies since March 2024. Some market observers suggest the token could be in an accumulation phase. A confirmed breakout above a key resistance level, identified near $0.00001740, is seen by some as a potential trigger for a bullish move, with ambitious long-term price targets being discussed. For now, traders are watching for signs of increased buying volume and whale activity as potential confirmation of a new trend.