The Shiba Inu (SHIB) price has experienced a significant decline, dropping 5.67% in the past 24 hours and shedding 11.16% over the week. However, SHIB remains up 19.05% over the last 30 days. Shibarium, Shiba Inu’s layer-2 blockchain solution, has hit a milestone with over 11 million total blocks processed. The current price sits around $0.00001414, a drop from its intraday high of $0.00001516 and below the week’s opening price. Despite this dip, community sentiment remains bullish with 88% of traders anticipating short-term gains. The coin’s market capitalization currently stands at $8.32 billion with a 24-hour trading volume of $212.34 million. While the token is showing signs of weakness, SHIB continues to gain traction in the market. Technical analysis suggests a sell situation, with the RSI at 49.83 indicating neutrality. This sentiment is further supported by the Exponential Moving Average (EMA) for all timeframes – suggesting a potential correction.