🚀 SHIB Forecast – June 8, 2025

Current Price: ~$0.0000128–$0.0000129

Shiba Inu is consolidating after a volatile week, showing signs of possible momentum building. Price remains above short-term support levels but still trades below its key moving averages, indicating indecision in the market.

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📊 Technical Analysis

SHIB is hovering just below its 20-day and 50-day exponential moving averages, which are acting as dynamic resistance. The RSI (Relative Strength Index) is neutral around 45, suggesting no clear overbought or oversold conditions. Bollinger Bands are tightening, which often precedes a breakout. If SHIB can break above the middle band (~$0.0000130), a move toward $0.0000135 could unfold. Conversely, weakness below $0.0000127 might trigger a drop toward the next support zone around $0.0000120.

MACD is slightly bearish, but not strongly diverging. This hints at sideways action unless a volume spike confirms direction. Volume remains moderate—watch for any increase as a signal of market intent.

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🔍 Forecast for June 8

Expected Price Range: $0.0000128–$0.0000131

Bullish trigger: A close above $0.00001325 may lead to a quick test of $0.0000135 or $0.0000138.

Bearish risk: A breakdown below $0.0000127 could send SHIB to test support at $0.0000122 or even $0.0000119.

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💡 Investment Tips

1. Day traders can consider entering long positions near $0.0000128–$0.0000130, aiming to sell near $0.0000135. Place a stop-loss below $0.0000127.

2. Swing traders should wait for a breakout confirmation above $0.00001325 before entering. Strong volume is key.

3. If price drops below $0.0000122, it's advisable to reduce exposure as further losses toward $0.0000110 could follow.

4. Watch for a volume spike or RSI crossing above 55 as a signal of upward breakout.

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🧠 Final Thoughts

Shiba Inu is showing potential for a short-term move, but it’s in a tight range. June 8 could bring a key breakout—or another rejection. Trade with discipline, use risk controls, and avoid chasing hype.