Overview of SHIB Price Fluctuations This Month
Figure:https://www.gate.com/trade/SHIB_USDT
Since early June, the price of SHIB has been fluctuating between $0.00001250 and $0.00001420. As of June 10th at 22:00, the latest quote was approximately $0.00001332, an increase of about 6.5% compared to the beginning of the month. The highest point was reached on June 4th at $0.00001418, while the lowest point was $0.00001200 on June 6th. The average daily trading volume over the past week was about 420 billion coins, indicating sustained buying and selling activity.
Core Ecosystem Upgrade Process
- Shibarium Testnet Progress: The development team has completed the third phase of testing, with the average on-chain transaction confirmation time reduced to under 3 seconds, and Gas fees lowered by 90% compared to the Ethereum mainnet. The mainnet is expected to officially launch later this month.
- TREAT Governance Token White Paper Released: The total supply of TREAT tokens is 100 billion, with 40% reserved for community incentives, 30% for the ecological fund, and 30% allocated to early contributors. The first unlocking is scheduled to start on July 1, and will be released in three phases, totaling 20 billion tokens.
- Cross-chain bridges and payment integration: Multiple DeFi platforms now support SHIB cross-chain transfers, allowing users to freely migrate between the Polygon, BSC, and Arbitrum networks, significantly enhancing the application scenarios of SHIB.
On-chain data and technical analysis
- Number of active addresses: The average number of new active addresses in the past 7 days reached 450,000, with a month-on-month growth of 18%, indicating an increase in user engagement.
- Trading Volume and Volatility: The 24-hour trading volume fluctuates between 380 billion and 450 billion coins, with a 7-day annualized volatility of about 5%.
- Moving Average Analysis: The 7-day moving average (MA7) crossed above the 30-day moving average (MA30) on the 5th of this month, forming a “golden cross,” indicating a short-term bullish trend.
- RSI Indicator: The Relative Strength Index (14 days) is currently around 55, in a slightly bullish zone of market equilibrium; no obvious overbought or oversold signals have appeared.
Beginner Practical Strategies and Risk Management
- Batch Position Building Method
- Split the total capital into 3–5 portions, and buy in batches at the current price, the support level ($0.0000125), and important moving averages to smooth out the cost.
- Take profit and stop loss settings
- Take profit: You can set a floating target in the range of 8%—12%;
- Stop-loss: It is recommended to set it 5%-7% below the entry price to avoid emotional selling.
- Pay attention to the unlocking and listing schedule
- The TREAT unlocking phase will start on July 1st, which may be accompanied by selling pressure, so it is necessary to reduce positions or lock in some profits in advance.
- When the Shibarium mainnet goes live, Gas fees and transaction experience will improve, allowing for layout before and after the launch.
- Continuously track official channels
- Follow the Shiba Inu community forum, official Twitter, and developer team blog to stay updated on the latest announcements and testnet reports.
