SHIBA INU (SHIB/USDT) Technical Analysis – August Update

Shiba Inu (SHIB) is currently trading at $0.00001223, with a slight 1.33% gain in the last 24 hours. The 24-hour high was $0.00001243, and the low was $0.00001173. It recorded 2.55T SHIB volume and $30.89M USDT in trading activity.

On the 1-day chart, SHIB is facing resistance near $0.00001603 and finding short-term support at $0.00001200. The next major support zone is around $0.00001028, which has held firm in the past.

SHIB has shown +3.21% growth in 30 days, but still trades -6.07% in 90 days and -23.14% in 180 days. It remains a high-volatility meme coin, popular for short-term trading.

A breakout above $0.00001350 may bring bullish momentum towards $0.00001600. However, if it falls below $0.00001200, further downside toward $0.00001028 is possible.

Always trade with risk management and a stop-loss due to high price swings.