The popular dog-embossed meme coin is now testing the $0.00000550 range after sliding 10% from the freshly-forged monthly peak of $0.00000620. Shiba Inu coin’s (SHIB) near-term price structure will now majorly depend if the meme currency sustains above the 200-week moving average line, positioned roughly around $0.00000668.
Shiba Inu’s Reversal Bid Hinges On These Areas
Shiba Inu’s (SHIB) daily charts now hint at the possibility of a full retracement, which could potentially take SHIB back to the four-zero price territory. The first target in play is the yellow line, as pictured below in the technical SHIB price chart. If that area is secured, SHIB’s got less resistance in the pink zone, all the way to $0.00000950.
That’s where the largest confluent resistance kicks in. The price area between the pink & green trend-lines presents the ultimate challenge in Shiba Inu’s (SHIB) $0.00001 price restoration bid. Surely, long-term holders tend to step in at that range, but not without broader retail demand.
Also, the third chapter of this structure points to the eventual target of $0.0000150, something Shiba Inu (SHIB) hasn’t touched since mid-May, 2025. The three stages of Shiba Inu’s price reversal stem from the assumption that Shiba Inu’s (SHIB) price has found the local bottom.
The converging lines below Shiba Inu’s current value stand for the Smoothed Moving Average (purple) and the Double Exponential Moving Average (green). Claiming a daily closing price well above these moving averages could awake the bulls, but the trading volumes have been stale.
Shiba Inu’s (SHIB) Spot market volumes claimed slightly above $100 million on Friday, per SoSoValue’s real-time data. Futures markets activity tumbled even harder, garnering $52.75 million in 24-hour trades, with the daily turnovers sliding by -39.45% from the previous day.
