Shiba Inu (SHIB) has just reached a major milestone, surpassing 1.5 million holders. The token now boasts 1,500,742 holders, demonstrating its growing adoption and loyal community. While this increase suggests investor confidence, SHIB’s price remains uncertain, influenced by macroeconomic factors and market sentiment.
Will this milestone fuel a price rally, or will external forces keep SHIB’s growth in check? Let’s dive into the latest developments.
SHIB Price Update – Gains and Market Fluctuations
At present, SHIB trades at $0.00001259, reflecting a 0.79% dip in the last 24 hours but a 2.59% weekly gain. This steady increase in holders suggests ongoing confidence among investors. However, the broader market conditions continue to shape SHIB’s short-term movements.
The crypto market remains on edge, anticipating the Federal Reserve’s interest rate decision, which could impact SHIB and other digital assets.
How the Federal Reserve Decision Could Impact SHIB
On Wednesday at 2:00 p.m. ET, the Federal Reserve will announce its latest interest rate policy. Analysts predict a 99% chance that the Fed will maintain rates, but any surprise adjustments could stir the market.
If the Fed signals lower interest rates, risk assets like SHIB could benefit from increased liquidity. However, if the Fed keeps rates high or hints at future hikes, cryptos may struggle as investors opt for safer assets.
SHIB’s Key Support Levels – Where to Watch for Movement
SHIB’s growing holder base supports long-term optimism, but price stability remains critical. Analysts highlight two key support levels that could dictate SHIB’s next move.
A pullback may test $0.0000115, a short-term safety level that has held in previous downturns. If selling pressure increases further, $0.00000815 could act as a stronger demand zone. According to crypto analyst Ali, these price levels could create potential buying opportunities for long-term investors.
Scam Alert – Fake ShibaSwap Websites Target Investors
While SHIB’s adoption rises, cybercriminals are taking advantage of its popularity. A Shiba Inu-focused X account, Susbarium, has issued an urgent warning about fake ShibaSwap websites designed to steal funds.
Cybercriminals are creating counterfeit ShibaSwap sites, tricking users into entering sensitive wallet information. This scam poses a serious threat to SHIB holders, making security awareness more crucial than ever.
To avoid falling victim, users must double-check URLs before connecting their wallets. The safest approach is to bookmark the official ShibaSwap site and always verify links shared in online communities. Never share private keys or seed phrases, as scammers often use deceptive tactics to extract these details.
What’s Next for SHIB?
Reaching 1.5 million holders is a significant achievement for SHIB, proving its strong market presence. However, its short-term price outlook remains uncertain, largely dependent on macroeconomic trends and investor sentiment.
If SHIB maintains strong demand and the market turns bullish, a rally toward higher resistance levels is possible. However, if SHIB loses key support levels or the Fed’s decision triggers a broader sell-off, a temporary retracement may occur.
Final Thoughts – Is Now a Good Time to Buy SHIB?
Investors optimistic about Shiba Inu’s long-term potential may see this growing holder count as a bullish signal. However, market timing plays a crucial role. Keeping a close watch on key price levels and macroeconomic shifts is essential for making informed decisions.
Read Also: Shibarium Hits 10M Blocks! Will SHIB’s Price Rebound from a 4.29% Drop?
Those considering an investment should always DYOR (Do Your Own Research) and stay updated with the latest market trends before making a move.
