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Futures
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Hundreds of contracts settled in USDT or BTC
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New
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New
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Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
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Pledge one crypto to borrow another
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VIP Wealth Hub
New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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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