Shiba Inu (SHIB) experienced heightened market volatility between May 29 and May 30, 2025, as a substantial influx of tokens into exchanges sparked investor caution and technical bearish signals.
SHIB Trades in Tight Range Amid Volatility
From May 29 to May 30, SHIB fluctuated between $0.000013252 and $0.000014508, reflecting an 8% intraday trading range. According to technical indicators, a key support level formed at $0.000013285, where notable buying interest triggered price rebounds.
Price action revealed a consistent rejection near $0.000014500, indicating resistance and a loss of bullish momentum.
By the close of May 30, SHIB stabilized near $0.000013390, with trading volume sharply declining, suggesting growing investor hesitation.
Macroeconomic Headwinds Add Pressure
Wider market conditions also impacted SHIB’s performance. Geopolitical tensions and evolving trade policy risks have contributed to broader volatility across crypto markets. As macroeconomic uncertainty intensified, investors leaned toward defensive positioning, further reducing enthusiasm for riskier altcoins like SHIB.
Market-wide nervousness limited SHIB’s upside, despite gains in major tokens like Bitcoin and Ether.
Microeconomic Concerns: Exchange Inflows and Bearish Patterns
One of the most telling signs of investor sentiment came from on-chain activity, which showed an influx of over 2 trillion SHIB tokens onto centralized exchanges. Such movements often signal increased sell-side pressure, as holders prepare to liquidate positions.
Adding to this bearish outlook, analysts observed the formation of a descending triangle pattern, a technical structure that often precedes downward breakouts.
The combination of high exchange inflows and bearish chart patterns points to potential downside risk.
Technical Summary: Key Levels to Watch
- Support Level: Around $0.000013285, where buyers emerged.
- Resistance Level: Near $0.000014500, where momentum weakened.
- Volatility: An 8% price swing between intraday highs and lows.
- Closing Price: Stabilized at $0.000013390 with reduced volume.
Conclusion
Shiba Inu’s near-term direction remains uncertain, constrained by macroeconomic stress and technical resistance levels. While support remains intact, heavy token inflows and bearish chart formations could limit upside potential in the coming sessions.
Unless buying volume returns or key resistance is broken, SHIB may remain range-bound or face further downside.