Shiba Inu price today: after strong rise, market cools down
Shiba Inu ($SHIB) is showing signs of consolidation after an aggressive rally earlier this week. Following a strong breakout from the lower range, SHIB price surged into a major resistance zone and then faced rejection, triggering a short-term rebound.
Shiba Inu Price (USD) – TradingView
At the time of analysis, SHIB is trading around $0.00000877has stabilized above a key horizontal support area as the broader cryptocurrency market pauses.
Technical analysis of SHIB coin: Key levels to watch
Based on 4 hour chartSHIB recently broke out of a long consolidation range and rebounded sharply towards the upper resistance level.
SHIB/USD 4 hours – TradingView
Main levels of the chart:
Immediate support:
- $0.00000868 – Short-term horizontal support
- $0.00000668 – Major range support when the downside accelerates
Resistance zone:
- $0.00000963 – First resistance zone
- $0.00001022 – Large resistance and previous rejection levels
Price is currently holding just above intermediate support, suggesting this move is a larger one. healthy pullback Unless there is a trend reversal and support is compromised.
Momentum outlook: Stochastic RSI suggests oversold conditions
of Stochastic RSI (3,3,14,14) The 4H time frame is highly oversold and the value is near the lower limit. Historically, a similar situation occurred with SHIB prior to a short-term relief bounce.
This shows that:
- There may be selling pressure lose momentum
- possibility Short-term rebound or consolidation phase highly likely
- Strong continuation requires confirmation by volume and resistance recovery
Shiba Inu price prediction: What’s next for SHIB?
Bullish scenario: If SHIB satisfies the above $0.00000868 Once your exercise level has stabilized, retest. $0.00000963 More likely. If a breakout above this level is confirmed, it could open the door for a move towards it. $0.00001022which remains the key upside objective.
Bearish scenario: If the price loses $0.00000868SHIB may revisit nearby lower ranges $0.00000668in the past, buyers were actively involved.
For now, the structure is still advantageous Post-expansion integrationnot a complete trend breakdown.
