SHIBA INU Bearish Reversal Setup – Targeting 0.00001299SHIBA INU 2H Chart Analysis:
Price is consolidating near resistance at 0.00001402. A potential bearish scenario is outlined, suggesting a drop after a minor bounce, targeting 0.00001299 support. Key resistance levels are 0.00001405 and 0.00001432.
Key stats
About Shiba Inu
What would crypto be without canine-based tokens? Probably a lot less chaotic, but that didn’t stop an anonymous dude called ‘Ryoshi’ from creating Shiba Inu in 2020 — which, thanks to the so-called ‘Shib Army’ and Vitalik Buterin famously burning 40% of the supply, saw massive gains during 2021. Unlike fellow crypto-canine DOGE which operates on its own blockchain, Shiba Inu is based on Ethereum to give it increased scalability. To date, some of its use cases include an NFT "artistic Shiba movement" and a campaign via AmazonSmile to collect donations to rescue real Shiba Inu dogs. Pretty cool.
Related pairs
SHIB/USDT: A Fight for Recovery?SHIB/USDT is currently trading around $0.00001363, marking an approximately 11.5% drop over the past 24 hours. However, it's crucial to note that the price is successfully holding above the key support level of $0.00001373.
Recently, we've witnessed a significant increase in the activity of so-call
SHIB 8H – Retesting the Golden Pocket with a Familiar SetupSHIB just tapped the 0.618 Fibonacci retracement after a strong breakout leg — and the structure looks strikingly familiar.
We’ve seen this exact move before:
A rally → pullback to golden pocket → explosive extension
Now we’ve got:
✅ Price testing the same Fib zone
✅ Stoch RSI reset and curling u
Demand ZoneSHIB needs to break out of the downward parallel channel but right now it is below the midpoint of the channel and could be heading to the support of the channel; however the good news it has paused at a Demand Zone. The Bulls need SHIB to clear 0.00001241 and then 0.00001311(which is the midpoint o
SHIB could explode soon.Multi year accumulation, crossing a significant fib-time pivot, similar set up to XRP.. could follow DOGE once it takes the lead as a catch up trade and rip..
Technical breakout: Above 200-day MA + golden cross formation
Volume surge: Social + trading volume spiking, driving demand
Ecosystem cata
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SHIBUSD – Handle or Hype?SHIB had a strong trend from $0.00001150 to $0.00001480, then saw a healthy pullback into $0.00001330 before bouncing back to retest highs. A potential cup and handle formation is playing out here. Immediate support sits at $0.00001420 — bulls must defend this to confirm bullish continuation.
Shiba Inu (SHIBUSD) Weekly Analysis – Positive DivergencePositive divergence detected!
On the weekly SHIBUSD chart (Renko, %), we see a clear positive divergence between price action and both the Brick Indicator and MACD. While the price printed new lows, momentum indicators are forming higher lows, suggesting fading bearish pressure and a possible rever
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Frequently Asked Questions
Shiba Inu (SHIB) reached its highest price on Oct 28, 2021 — it amounted to 0.00008800 USD. Find more insights on the SHIB price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Shiba Inu (SHIB) reached the lowest price of 0.00000457 USD on Jun 10, 2023. View more Shiba Inu dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying SHIB is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade SHIB right from TradingView charts — just choose a broker and connect to your account.
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