#Shiba Inu Price Analysis
Right now, Shiba Inu is struggling to break past the immediate resistance at $0.000013. Because of this, sellers are keeping the price stuck in a tight range, preventing any big upward moves. At the moment, SHIB is trading at $0.0000122, up just over 0.5% in the past 24 hours.
Even with some bearish pressure, buyers are still trying to push the price higher, showing there’s solid interest from the bulls. However, sellers are strongly defending against any breakout. The Relative Strength Index (RSI) is at 56, slightly above the midpoint, which suggests buyers might gain the upper hand soon.
If buyers manage to break above the $0.000013 resistance, SHIB could head toward the next target at $0.0000157. On the other hand, if selling pressure increases and the price drops below the 20-day EMA support, SHIB could fall further, possibly down to around $0.0000102.
