$SHIB
Here’s a concise analysis of **Shiba Inu (SHIB)** for **August 11, 2025**:
📊 **Current Price & Metrics**
- **Price**: ~$0.00001354–$0.00001374 (down **1.3–1.4%** today) .
- **24h Range**: **$0.00001270–$0.00001413** .
- **Market Cap**: ~$7–8B (#2 meme coin) .
- **Key Trend**: Down **43% YTD**; rejected at descending trendline resistance .
📉 **Technical Outlook**
1. **Bearish Pressure**:
- Facing strong resistance at **$0.00001400–$0.00001413** (confluence of supply zone + 200-day EMA) .
- **Critical Support**: **$0.00001300–$0.00001314** (EMA cluster); breach risks drop to **$0.00001216** or **$0.00001180** .
2. **Indicators**:
- **Supertrend**: Bearish under $0.00001390 .
- **RSI**: Oversold on 30-min chart (31.71), neutral daily (53) .
- **Volume**: Declining, signaling weak buying conviction .
3. **Pattern Alert**: Potential **head-and-shoulders formation** on daily chart; neckline at **$0.00001200** .
⚡ **Catalysts & Sentiment**
- **Bullish Hopes**:
- Analyst targets **$28B market cap** (250% surge to ~$0.000048) this cycle .
- Ecosystem upgrades: **Layer 3 blockchain**, **Shiba Eternity game**, and stablecoin plans .
- **Risks**:
- Regulatory uncertainty, meme coin volatility, and competition from utility projects .
- Failure to hold $0.00001300 may trigger deeper correction .
💎 **Short-Term Outlook**
**Neutral-bearish**. Price is squeezed between **$0.00001300** (support) and **$0.00001413** (resistance). A break above resistance with volume could target **$0.00001550**, while loss of support may plunge SHIB to **$0.00001180**. Monitor Bitcoin trends ($120K resistance) and meme sentiment .
> 🚨 **Risk Note**: SHIB remains highly speculative—only invest what you can afford to lose .
**Summary**: SHIB faces technical headwinds today but holds rebound potential if key levels break. Trade cautiously.
