In the current cryptocurrency market, the price dynamics of Shiba Inu (SHIB) are attracting significant attention. As of today, the SHIB price hovers around $0.00001180, having previously attempted multiple times to break the resistance level of $0.00001287 without success, and the corrective trend continues. From the technical chart, various bearish signals have emerged one after another, bringing noticeable short-term pressure to this popular meme coin. Traders are closely monitoring key liquidity levels, hoping to capture hints of a directional price breakout. Next, let's delve into the price trend of SHIB and explore whether the bulls have a chance to regain dominance.

SHIB Price Trend Analysis

The perspective focuses on the 4-hour K-line chart, where the SHIB price continues to operate below the 14, 30, 90, and 180 period moving averages. This situation clearly highlights the current strong bearish structure in the market. The Keltner Channel and Bollinger Bands indicators also show a state of downward expansion, reflecting that the volatility of SHIB prices is continuously increasing and is under significant pressure near the support level below.


Previously, the SHIB price touched the upper Bollinger Band line around $0.00001265 but subsequently failed to reclaim the dynamic resistance area near the 100 Exponential Moving Average (EMA), causing the upward momentum of the price trend to dissipate quickly. From the current market structure, a lower high formation has been established, indicating that the $0.00001160 and $0.00001143 areas will become short-term demand zones again, providing support for the price.

Shiba Inu (SHIB) Price Prediction: Key Levels and Future Outlook

If the SHIB price cannot hold above $0.00001160, the next key target price will point to $0.00001143; if the bears apply further pressure, deeper support will be around $0.00001028. However, for these support areas to trigger a strong rebound, there needs to be robust trading volume to demonstrate active capital absorption behavior in the market.


For the bulls, if they want to reverse the short-term unfavorable situation and push the price into a bullish trend, SHIB must successfully reclaim the supply area between $0.00001232 and $0.00001267 and effectively break through the 100-day moving average resistance on the 4-hour chart. Once this breakthrough is achieved, it will open up upward space for the price, with the potential to challenge $0.00001300 or even higher levels.


In summary, as long as the SHIB price continues to remain below the key moving averages and faces resistance near the Volume Weighted Average Price (VWAP), the short-term trend is likely to remain bearish. During this period, traders should pay close attention to changes in trading volume near support levels. If abnormal increases in trading volume or other reversal signals occur, trading strategies can be adjusted accordingly. Until the market lacks clear directional guidance, the SHIB price trend may continue to maintain a range of fluctuations, with a clear downward tendency.

The cryptocurrency market is highly volatile; proceed with caution. This is a personal opinion and not advice, for sharing purposes only. #柴犬币 #狗狗币崛起