Shiba Inu ($SHIB ) finds itself at a critical juncture, currently trading at $0.00002545 with a 5.6% gain. The price action highlights a tug-of-war between buyers and sellers as SHIB tests crucial resistance and support levels. Let’s dive into the technicals and explore what’s on the horizon for $SHIB .

Key Resistance at $0.000035: Can SHIB Break Through?

SHIB’s recent price movement suggests a battle at $0.000030, following a breakout from long-term downtrends. However, the rising momentum appears to be stalling as SHIB struggles to stay above the 0.618 Fibonacci retracement level at $0.0000255. On both weekly and daily charts, repeated failures to achieve higher highs indicate a tough road ahead.

If $SHIB can successfully gain momentum and surpass the $0.000035 mark, it could signal a bullish breakout. Conversely, failure to maintain support at this level could result in a retracement toward lower support zones.

Nearest Support Zones: What to Watch for?

The nearest key support is the 0.5 Fibonacci level at $0.0000214, a vital area that could define the next direction. A failure to hold this level might increase negative pressure, forcing SHIB to test the lower trendline. Below this, the $0.000019 and $0.000017 (0.382 Fibonacci retracement) levels may come into play.

Technical Indicators: Mixed Signals for Traders

RSI Analysis: SHIB’s RSI currently sits at 60.93, signaling moderate bullish momentum. While it remains below the overbought threshold of 70, the slight downward shift in RSI suggests cautious optimism as buyers show interest but with waning confidence.

Directional Movement Index (DMI): The +DI (blue) at 33.9052 exceeds the -DI (red) at 12.0740, confirming buyer control. However, the ADX reading of 23.1376 implies that while bulls are in the lead, the trend strength may not be robust enough to sustain a breakout.

Market Performance: Liquidity vs. Skepticism

SHIB’s daily chart shows an 8.44% decline in value over 24 hours, reducing its market cap to $13.89 billion. This drop was accompanied by a 46.92% reduction in trading volume, indicating investor skepticism after recent volatility.

Despite this, SHIB remains liquid with a volume-to-market cap ratio of 13.28%, but the sharp decline in volume hints at fading short-term momentum. If this trend persists, SHIB could retrace to prior lower highs near $0.000019 or even lower to $0.000017.

What’s Next for SHIB?

1. Bullish Case: If SHIB regains momentum and breaks above $0.000035, it could unlock a fresh rally, attracting more buyers to the market.

2. Bearish Case: Failure to maintain support at $0.000025 could lead to further retracement, testing $0.0000214 and potentially lower levels.

Key Takeaways for SHIB Holders:

Resistance to Break: $0.000035

Support Levels to Watch: $0.000025, $0.0000214, $0.000019

Potential Targets: A breakout above $0.000035 could aim for new highs; otherwise, SHIB risks retracing to the $0.000019–$0.000017 range.

Shiba Inu’s next move could define its short-term trend. For now, cautious optimism reigns, with buyers maintaining control but struggling to gather the momentum needed for a significant breakout.

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