Shiba Inu Price Analysis: $0.0000115 Support Holds as Bulls and Bears Battle

Shiba Inu (SHIB)

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  • SHIB holds near $0.0000115 after modest rebound.
  • Key resistance at $0.0000122 must be broken for bullish momentum.
  • Technical indicators remain cautious despite short-term bounce.

Shiba Inu (SHIB) is at a tense juncture after recent price swings left traders uncertain about the next move. Following a modest 1.32% bounce to $0.00001181, the meme token remains under pressure, with weekly losses hovering near 8%. The market cap sits around $6.96 billion, while trading volume has dropped nearly 37%, reflecting cautious sentiment among investors. The $0.0000115 support level is emerging as the key battleground for SHIB’s near-term direction.

Mixed Technical Signals Cloud SHIB Outlook

Technical charts show a tug-of-war between optimism and bearish pressure. The 4-hour Relative Strength Index (RSI) fell to 33.9 on September 25, marking its lowest level since June. This oversold signal sparked a small rebound, but broader trends remain negative. Shiba Inu continues to trade below major moving averages, including the 7-day EMA at $0.0000122 and the 200-day EMA at $0.000013, suggesting limited buying momentum.

The MACD histogram remains negative at -0.000000174, pointing to lingering selling pressure. Recent Federal Reserve rate cuts created some speculative optimism, but SHIB has struggled to clear the critical resistance at $0.00001359. Daily trading levels remain about 35% below the 30-day average, signaling caution among market participants.

Support at $0.0000115 Holds the Spotlight

The $0.0000115 level now acts as a psychological and technical anchor. A decisive drop below this support could empower bears, while a sustained push above $0.0000122 may signal renewed confidence for bulls. Volume spikes will likely be the key confirmation for any breakout, indicating whether buyers are stepping in or sellers are tightening control.

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Traders remain vigilant, aware that SHIB’s next move could hinge on both technical triggers and broader crypto market sentiment, particularly Bitcoin’s influence on risk appetite. The current sideways pattern reflects a market balancing fear and patience, waiting for a catalyst to set direction.

Shiba Inu is navigating a critical crossroads. Technical indicators point to ongoing bearish pressure, yet a rebound above $0.0000122 could draw fresh buyers. Conversely, a break below $0.0000115 would strengthen bears’ grip and deepen losses. For SHIB holders and traders, the coming days could define the token’s short-term trajectory.

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.