On Monday, the price of Shiba Inu hovered around $0.000012, maintaining a sideways trend for nearly two months. The price of SHIB stagnated in the second quarter of 2025, with little to no increase. This situation has put pressure on investors as their portfolios are suffering losses. In this article, we will focus on the resistance and support levels of SHIB to help you make informed decisions. This dog-themed token is mostly bearish, and traders need to pay attention to certain indicators and technical metrics. Shiba Inu: The resistance and support levels of SHIB are worth noting.
On Monday, the price of Shiba Inu fluctuated between $0.00001183 and $0.00001228, having dropped nearly 15% in a month. The token has been highly volatile this year, breaking through $0.000015 in March and $0.000017 in May. This price fluctuation is attributed to the global trade economic turmoil caused by Trump's tariff policies.
Support levels to note:
The next support level for Shiba Inu is between $0.00001309 and $0.00001333, close to the 0.618 Fibonacci retracement level. If the support level at $0.00001333 is maintained, SHIB's next target level will be in the $0.00001370 range. Since Trump's 90-day tariff suspension will end next month, reaching this target still faces significant obstacles. Although he announced a possible extension of the suspension period, the market may still need to prepare for market turmoil and instinctual reactions.
Key resistance levels:
On the downside, if the price of Shiba Inu continues to decline, the key resistance levels are between $0.0000136 and $0.0000140, with higher highs and lower lows. A break below the $0.000012 range could trigger a bearish pattern, and the possibility of a failed rebound remains high. It is advisable to set a stop loss at $0.000010, as the cost of a downturn could be high given the current economic situation. It is recommended to conduct thorough research before purchasing SHIB, as the market may experience volatility next month.
