The Shiba Inu (SHIB) price today is hovering at $0.00001414, around 5.67% down in the past 24 hours and slipping from an intraday high of $0.00001516. It has slipped by around 11.16% in the past seven days. However, the dog-theme-based token is 19.05% up in the past 30 days. SHIB

• SHIB’s price fell 5.67% in the past 24 hours and 11.16% over the week, but remains up 19.05% over the last 30 days.
• Shibarium has attained a cornerstone after crossing 11 million total blocks.

The Shiba Inu (SHIB) price today is hovering at $0.00001414, around 5.67% down in the past 24 hours and slipping from an intraday high of $0.00001516. It has slipped by around 11.16% in the past seven days.

However, the dog-theme-based token is 19.05% up in the past 30 days. SHIB currently holds a market capitalization of $8.32 billion with a 24-hour trading volume of $212.34 million. 

Despite the downfall, the community sentiment is still bullish with 88% of the traders expecting a short term gains. And, as per the recent report from CoinMarketCap, it has around 1.5 million holders. 

The one-day technical analysis suggests a sell situation. And the Relative Strength Index (RSI) stands at 49.83, positioning it in a neutral state. The Exponential Moving Average of 50, 100, and 200 days stands at $0.00001386, $0.00001457, and $0.00001608, respectively.

On the other hand, the Simple Moving Average of 50,100, and 200 is currently at $0.00001314, $0.00001360, and $0.00001828, respectively. If the sentiment remains bullish today, SHIB can break its first resistance at $0.00001481, followed by its second resistance at $0.00001599. 

But if the tables are turned and the momentum goes in the opposite direction, the token will slide to its first support level at $0.00001103, followed by the second support level at $0.00000985. 

The New Milestone

The layer-2 blockchain solution of Shiba Inu, often known as Shibarium, has attained a cornerstone after crossing 11 million total blocks. As per the Shibariumscan, the overall block count touched 11,015,436, signaling continuous activity taking place in the Shiba Inu ecosystem. 

But the daily transactions on the network have declined significantly since the beginning of this week. The drop has been noticed since May 12, starting from 4.21 million to only 2.76 million in the past 24 hours, signaling a strong decline. 

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