To $0.000050 for Shiba Inu?

Technical analysis reveals that Shiba Inu might return to multi-year highs or fall to retest support levels. A recent TradingView analysis identified key support and resistance levels that might influence SHIB's short-term moves. The daily candlestick period chart of SHIB vs Tether (USDT) shows a possible rise to $0.000045 if critical resistance levels are breached.

Major Shiba Inu Support and Resistance

SHIB's upward path depends on two key resistance levels, according to the study. The first obstacle at $0.00003239 might draw sellers or cause profit-taking. This is especially telling as it resisted in December 2024. A significant break above this level would imply bullish momentum.

The psychologically crucial second resistance level at $0.00004563 may test market optimism. Because Shiba Inu's price peaked in early 2024 at this level. If bulls break $0.00004563, Shiba Inu may attempt its all-time high.

SHIB price drops might be stopped by two important support levels on the downside. First support is $0.00001035. In 2024, Shiba Inu bounced many times on the upper edge of this support zone, most notably on August 5. Historically, this level has shown substantial purchase activity, suggesting a trend floor.

If the price falls below this important support level, everything might change. A breach below $0.00001035 might weaken buyer confidence, allowing SHIB to test lower support.

The study shows that Shiba Inu's MACD and RSI are neutral to slightly negative. The MACD is flat with no movement, and the RSI is approaching 40, just below midway.

A steady upward advance at this point might target $0.00003239 in the near term and $0.00004563 in the long run for optimistic traders. Breaking below $0.00001035 might exacerbate bearishness.

In the last 24 hours, Shiba Inu has gained 8% to $0.00002239. Crypto expert Ali Martinez said that Shiba Inu needs maintain the $0.0000215 to $0.0000193 support zone to remain optimistic.

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