One of the most popular memecoin, Shiba Inu (SHIB), is experiencing significant upward momentum today, distinguishing itself with bullish sentiment while the broader cryptocurrency market is fluctuating, according to CoinMarketCap.
Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” holds a market capitalization of around $7.68 billion and has recorded a 24-hour trading volume of $264.65 million, reflecting its strong community backing and steady relevance in the memecoin sector.
At press time, the memecoin is trading at $0.00001303, having increased by 4.17% over the past 24 hours. The price is moving in a bullish trend and is currently testing a resistance level near $0.00001308. If it breaks above this, the next target could be $0.00001320. On the downside, the support level is around $0.00001266. If the cryptocurrency falls below this, we might see a drop towards $0.00001260.
The blue line indicates the resistance level at $0.00001308, while the yellow line represents the support level at $0.00001266.
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According to the Moving Average chart, the cryptocurrency is currently experiencing a bullish trend with the moving average indicator below the candles at $0.00001273. Also, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, suggesting that the price might keep increasing for a while.
The MACD line above the signal line indicates a bullish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.
Based on the RSI indicator, the coin appears to be overbought, signaling that it may be due for a short-term price drop, as the median is shown above 70.
The RSI value of 71.01 indicates overbought market conditions, suggesting increased buying pressure that could lead to a potential price dip
According to Coincodex’s current price prediction for the memecoin, the price is predicted to rise by 49.52% and reach $ 0.00001920 by October 9, 2025. Based on the Shiba Inu (SHIB) forecast, it’s now a good time to buy the memecoin.
As per Coincodex data, over the next five days, the memecoin will reach the highest price of $ 0.00001386 on September 14, 2025, which would represent 6.03% growth compared to the current price. This follows a 6.27% price change over the last 7 days.
After a -4.47% in the past month, Shiba Inu is predicted to rise to $ 0.00001449 in September. The projected trading range is expected to span from $ 0.00001284 to $ 0.00001920. This suggests a positive market outlook, with a potential return of 46.83% for investors.
People expect a bullish trend in the long term, with 87% of the community voting for bullish sentiment.
Based on Shiba Inu’s outlook for September, it leans bullish, with indicators hinting at growing momentum. If this trend continues, SHIB could see further increase and strengthen its position in the memecoin market.
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