After recent volatility, SHIB has stabilized near this key support, drawing attention from both retail investors and market analysts. The coin’s next move could determine whether it resumes an upward rally or faces further consolidation.
Shiba Inu price today is trading at around $0.00001182, slightly below the $0.000012 support band. Sellers remain active just under the 20-day EMA at $0.00001238, while buyers defend the ascending trendline near $0.00001180. Analysts highlight that this level is crucial; holding it may determine SHIB’s next move.
The chart highlights key support and resistance zones, providing traders with clearer entry and exit signals for more informed decision-making. Source: DRAGONEAGLE FX on TradingView
The daily chart shows SHIB consolidating within a tightening triangle pattern, bouncing repeatedly from $0.00001180 since mid-September. This suggests accumulation is underway.
Clearing these levels could open the path toward $0.00001472 and potentially $0.00001600. On the downside, a break below $0.00001180 may expose SHIB to $0.00001100 and $0.00000999.
Recent data from Coinglass shows a modest $638,000 inflow of SHIB on exchanges. While small, this indicates some investors are positioning ahead of October, historically a volatile month for Shiba Inu.
Shiba Inu’s record-low supply and whale accumulation signal a potential 340% breakout above $0.0000145. Source: Fama Crypto via X
Meanwhile, CryptoQuant reports that SHIB supply on exchanges has dropped to an all-time low of 84.5 trillion tokens. The move suggests holders are withdrawing tokens for self-custody, signaling long-term accumulation.
Top 100 whale addresses have increased their holdings by 15% over the past year, reaching 102.44 trillion tokens. This pattern of smart money accumulation hints at a potential surge if bullish conditions align.
Shiba Inu is currently compressing inside a descending wedge, which typically precedes a breakout in either direction. Technical indicators are mixed but leaning bullish:
RSI has rebounded from near-oversold levels of 35 to 40, indicating buyers are returning.
Shiba Inu eyes growth with July’s AI and Layer-3 launch, while holding key support could trigger an 18% rally toward $0.000014. Source: MadWhale on TradingView
MACD shows a developing bullish momentum, hinting at a possible trend reversal. Analysts suggest that a decisive breakout above $0.00001364 (200-day EMA) is required for medium-term bullish confirmation. Should SHIB clear this barrier, targets of $0.00001472 and $0.00001600 become realistic.
Current price action has Shiba Inu breaking out of key resistance levels, with intraday highs of approximately $0.00001484. Analysts comment that a daily close above $0.00001500 would pave the way to $0.00002000, lending credence to arguments for a new all-time high.
Shiba Inu was trading at around $0.00001194, down -0.36% in the last 24 hours at press time. Source: Brave New Coin
However, traders should be cautious, as volatility is triggered when SHIB is close to big milestones. It’s vital to stay above support at $0.00001180 to keep any upside momentum going.
Shiba Inu price prediction 2025 and long-term estimates see room for large gains if accumulation keeps going.
Analysts spot several scenarios:
Investors will need to keep a keen eye on key technical levels and exchange flows, which will most probably dictate SHIB’s path during the realm of the next few months.
