Shib: Despite the bear-in market trend-community support and possible price gains in view

<p> <strong> Shib: Despite the bear-in market trend-community support and possible price gains in view </strong> </p>

Shib: Resistance despite the market decline

Shib, the Hündhemed Meme coin, has to struggle with a bearish trend in the past 30 days. Despite these challenges, there are 123.27 trillion Shib that are in the profit zone. According to data from Intotheblock, this corresponds to 36.95 % of the total token in circulation.

performance and market reactions

The amount of the Shib, which is "in the money", amounts to about 1.54 billion. This number shows that the meme coin continues to thrive despite the current market situation. At the time of this reporting, Shib is traded at a price of $ 0.00001252, which corresponds to a decline of 3.01 % within the last 24 hours. During this time, the trading volume decreased by 19.80 % to $ 143.11 million, which indicates that SHIB investors did not do any active purchases.

Support from the community and future developments

In the middle of the bear pressure, Shib has found support at $ 0.000012 in the past seven days. This stability could be supported by the decline of the tokens in circulation by the Burn mechanism. Interestingly, the burn rate has increased by 495 % in the last 24 hours, with over 14 million Shib being deleted.

The amount of the "Out of the Money" Shib is 59.13 % and corresponds to 827.32 trillion Shib, which represents a value of around 10.34 billion USD. In addition, 33.97 trillion Shib "at the money", which corresponds to 3.92 % and corresponds to a value of $ 424.49 million

A look into the future

Market observers speculate that Shib could soon experience an increase, initiated by the recent interest. A significant inactive Ethereum-Wal recently acquired over 64 billion Shib tokens, which is considered a bullish signal by analysts, since whales usually invest in assets with growth potential. Another positive indicator is to cross 1.5 million owners of the blockchain, which is evaluated as a sign of increasing acceptance and persistent interest of investors and could possibly trigger the next rally.

Overall, the analysis shows that despite the bearish market conditions, Shib learns remarkable resistance and support from the community, which means that the potential for future course increases cannot be excluded.