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The Shiba Inu price today is consolidating around $0.00001490, cooling off after a recent high near $0.00001720. Following its strong breakout on May 9, SHIB has entered a descending triangle structure on the 4-hour chart, with sellers defending lower highs. The price is now hovering near a short-term support level of $0.00001460, a zone that could determine whether bulls can regroup or bears take over. On the 4-hour chart, Shiba Inu price action shows signs of weakening after facing resistance at the top trendline near $0.00001720. The price has since retraced and is now sitting at a potential decision point, caught between diagonal trendline resistance and horizontal support. Volume has decreased, and price structure has shifted from a bullish spike into a compression zone. This comes after SHIB briefly reclaimed its 0.236 Fibonacci retracement level ($0.00001475) from the weekly swing high of $0.00003344 down to the March low of $0.00001028. Despite reclaiming key territory in early May, SHIB is once again under pressure, with rising volatility at lower timeframes. On the 30-minute chart, SHIB is trading within a narrow range between $0.00001480 and $0.00001510. The RSI is currently at 45.52 and dropping, showing waning momentum below the neutral 50 level. The MACD is also neutral, with histogram bars fading and signal lines converging, suggesting a lack of short-term bullish conviction. Meanwhile, Bollinger Bands on the 4-hour chart are narrowing, a classic precursor to a volatility expansion. With price touching the lower band near $0.00001447 and failing to recover above the median line ($0.00001552), bears are slowly regaining influence. From a broader view, the daily chart shows SHIB rejected from the upper supply zone ($0.00001650–$0.00001750) and now testing the lower bound of the demand zone around $0.00001460. This range is critical — if broken, a drop to the $0.00001336–$0.00001305 cluster becomes more likely. The descending triangle visible on the intraday chart, combined with fading MACD momentum and RSI below 50, suggests further downside risk. A close below $0.00001460 would validate the breakdown setup and potentially open a path toward the EMA200 support near $0.00001395. On the flip side, if bulls manage to reclaim $0.00001552 with volume and momentum confirmation, a bounce toward $0.00001657 could materialize quickly. That said, this would require reclaiming trendline resistance and holding above key EMAs. The Shiba Inu price update shows a consolidation phase at a pivotal point. Traders should monitor this triangle structure closely — a confirmed breakout above $0.00001550 or a breakdown below $0.00001450 will likely define SHIB’s next 48-hour trajectory. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

TL;DR LUCIE, Shibarium’s marketing strategist, shared a personal story about falling victim to a scammer who appeared kind and trustworthy. Binance also recently urged users to remain vigilant, as fraudsters continue targeting victims through phishing, fake profiles, and impersonation tactics across social platforms. Unfortunately, scams are a persistent part of the crypto space – just like in any rapidly growing financial or technological innovation. Wrongdoers use sophisticated techniques to deceive inexperienced victims and embezzle their funds. Earlier this week, LUCIE – the pseudonymous marketing strategist behind Shibarium – opened up about a distressing encounter with fraudsters years ago. In a post on X, they admitted being “still haunted by the day” bad actors drained their wallet. The experience left a deep emotional scar and was soon followed by yet another attack. LUCIE said the scammer was “so kind, so sympathetic” and also an English native speaker. These are things that might initially not flash the red flag and cause some investors to fall into the trap. Subsequently, Shibarium’s marketing strategist warned people to be careful and stay safe. It is worth mentioning that fraudsters often target the Shiba Inu community. Over the last few years, the meme coin has evolved into a complex ecosystem, whereas the number of investors, developers, and proponents is now in the millions. The growing community and the fact that some newcomers might have little-to-no experience could be among the reasons why scammers have shifted their focus on that front. Not long ago, one SHIB-related X account alerted people that wrongdoers had created fake profiles on the social media platform to deceive with “promises of giveaways, exclusive content, or investment opportunities.” LUCIE was among the targets, and the hackers replicated their personal account. The users of the world’s largest digital asset exchange also comprise a substantial portion of the global cryptocurrency community. Approximately a week ago, the company sounded the alarm about phishing scammers who present themselves as Binance staff on Telegram and other platforms. The team advised its customers to pay attention to suspicious messages and to always double-check information before clicking on unknown links. Binance’s CEO Richard Teng shared the warning, emphasizing that people’s vigilance is of utmost importance: “We’re here 24/7, but your vigilance is the first line of defense.”

Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

The Shiba Inu (SHIB) ecosystem’s Layer-2 blockchain, Shibarium saw its decentralized finance (DeFi) ecosystem saw an over 7% increase in total value locked (TVL) to around $2.9 million in the past day. In contrast, Ethereum dominates the DeFi space with over $64.4 billion in TVL. The gap raises questions about what could happen to Shiba Inu’s price if Shibarium’s footprint expands significantly. Notably, Shiba Inu is trading at $0.0000158 as of press time. Shibarium, a layer two blockchain tied to the Shiba Inu ecosystem, shows early signs of DeFi activity. DeFiLlama data shows the network’s TVL rose to $2.89 million after a 24-hour jump of 7.68%. This marks a positive but still modest development for the ecosystem. This modest growth also translates to gains in price for the token. As of this press time, Shiba Inu is currently trading at $0.0000158, a 1.6% rise in the past day. The token has now risen by 22.5% in the past week, increasing its impressive monthly run to 30%. Related: Shiba Inu (SHIB) Price Prediction for May 15 For context, Ethereum, by comparison, holds $64.4 billion in total value locked, processes $2.7 billion in daily decentralized exchange volume, and recorded $2.27 million in chain fees over the past day. It also supports over 446,000 active daily users, reinforcing its market leadership. If Shibarium were to capture 10% of Ethereum’s TVL, it would reach approximately $6.44 billion, an increase of more than 2,227% from its current value. Such a surge could significantly impact the demand and utility of SHIB, Shibarium’s native token. “Notably, estimating how high Shiba Inu could rise if Shibarium’s TVL surges to $6.4 billion is speculative. However, applying a similar 2,227% increase to the current price of $0.0000158 suggests a potential peak of $0.0003677 for SHIB. Related: Shiba Inu Climbs Above Hedera as $609M Trading Volume Fuels Price Rise Several analysts have considered this possibility. For example, a recent report by Finder surveyed over 26 industry experts, with the average projection suggesting SHIB could reach $0.00035 by 2030. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

TL;DR Shiba Inu (SHIB) is gaining momentum, with analysts pointing to certain catalysts for a potential triple-digit price surge in the current cycle. Cardano (ADA) is described as “built to last,” with some predicting a breakout to $1.60 in the short term and possibly $3 by year-end. The popular X user Henry recently claimed to have explored more than 500 cryptocurrencies to determine which ones are the “gems with 100x potential,” and Shiba Inu (SHIB) found a spot in the prestigious club. The analyst suggested that the “SHIB movement [has] just started,” adding that the meme coin has much more room for growth due to the increased Shibarium adoption and the aggressive token burns. Henry is not the first to predict that further advancements in the layer-2 blockchain solution could positively impact Shiba Inu’s price. Not long ago, the Bitcoin advocate Jeremie Davinci said: “I like Shiba Inu, as you know, and I think it will do relatively well in this cycle, but it may not go as high as you expect. I think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it’s a chain that you can actually run all kinds of applications. However, nobody is using it, and there are no applications for using your tokens on Shibarium yet. If they get that solved, Shiba Inu will go to the moon.” Shibarium officially went live in the summer of 2023 and is specifically designed to foster the development of the meme coin’s ecosystem. Earlier this year, the total number of transactions processed on the protocol surpassed the milestone of one billion. Henry also reminded that analysts predict a solid surge for Shiba Inu this year. The market observer shared their optimism, envisioning a “huge pump which is going to break all the past levels ATH and will be at least 790%.” Cardano’s native token was also on the list. Henry described it as the ocean: “calm, deep, and misunderstood.” However, the analyst argued that when ADA moves, it makes waves across the entire market. They further suggested that the asset was “built to last” and that Cardano “is shaping infrastructure.” In their view, ADA’s price is set to reach $3 later this year. Other industry participants who recently touched upon the token’s performance and made optimistic predictions include Captain Faibik and STEPH IS CRYPTO. The former forecasted a “massive bullish rally” above $1.60 in the short term. The latter did not provide exact numbers, simply envisioning that ADA is about “to go parabolic.”