Shiba Inu [SHIB] is under pressure once again. The memecoin dropped over 8% in the last 24 hours and more than 10% in the past week, failing to hold above its crucial $0.000012-support zone. Bulls had hoped for a rebound toward the $0.000014-level, but recent price action shows that resistance at $0.0000125 has capped any short-term momentum.
Market analysts now suggest that bullish conviction is waning, raising questions about whether this is a strategic buy zone or a trap for eager traders. Despite broader expectations that Q2 2025 may present prime accumulation opportunities for altcoins, SHIB’s current structure hints at caution.
On the 4-hour chart, Shiba Inu has remained locked in a narrow range between $0.000012 and $0.000013. The RSI failed to break above the neutral 50 level, and even recent bullish attempts to reclaim momentum were rejected at $0.0000125—highlighting the lack of strong buyer interest.
Volume data from the On-Balance Volume (OBV) indicator further confirms this indecision. The OBV has moved sideways, suggesting no clear dominance from bulls or bears. The market appears to be in a holding pattern, with low trading volume and minimal breakout signals.
From a technical perspective, a breakdown below $0.000012 could push SHIB toward lower liquidity pockets around $0.0000119 and $0.0000118, according to Coinglass’ liquidation heatmap. These areas could serve as potential bounce zones but remain risky until trading volume picks up.
For now, swing traders may consider going long near the bottom of this range, but risk management is critical. Immediate resistance at $0.0000125 remains a hurdle, and any rally without volume confirmation could quickly reverse.
Also Read: Shiba Inu (SHIB) Holders Shift Long-Term as Whale Accumulation Grows
In summary, while long-term holders may view this consolidation as a chance to accumulate, short-term traders should stay cautious. A decisive move backed by volume is needed before Shiba Inu can reclaim bullish momentum.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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