The Shiba Inu eyes the moon! And one analyst is seeing two tracks for the meme coin’s value, betting, however, on the upward streak on the heels of how strong the support of the SHIB army is.
What some would call the bark of a Shiba Inu, in the case of the meme coin, is now rather limp. It is currently trading at $0.0000134, down by 7.17 percent in one day, and down by a discouraging 14.04 percent in one week. Is this a slight dip in its fortunes, or the beginning of some nauseous decline for Shiba Inu?
SHIBA is still flowing under that ever-persistent bear trend, so the meme coin will still face turbulence. An analyst is drafting the two potential price paths of SHIB and readying investors for what could possibly be ahead.
The weekly chart of Shiba Inu tells a grim tale of persistent selling from the 2021 price of $0.000088. Descending resistance lines have become graveyards of repeat rallies since then. It is not just another resistance line but a wall that has denied SHIB any attempt of a breakout.
Shiba Inu Price Prediction
Once blocaded by a strong resistant line, opposing SHIB’s advances ever since the 2021 high; Each pullback witnessed extraordinary price reversals and deep dives to $0.00000483 in June 2023 – an excruciating point for investor morale. Going for the third time in March 2024 ($0.0000453) and December 2024 ($0.0000335), SHIB raced to this barrier to test strong bulls and weary bears.
Shiba Inu’s price slammed into a wall, not twice, but thrice. Or was it twice? Every attempt to breach this trendline ended up strengthening it as a barrier to upward movement. The trendline stands firm as a monumental ceiling denying Shiba Inu any further ascent.
SHIB has been gaining momentum since mid-2023, supported by stronger and stronger higher lows created by a rising trendline. The lifeline was set up on June 5th, 2023, a day after SHIB declined from its peak to $0.00000483 and acted as a springboard to recover from the decline.
The price clinged on to critical support from late 2023 right through the early months of 2024 as if desperate for life. On New Year’s Day in 2024, though, the price flirted with disaster, descending briefly to $0.0000071 before rallying back stronger to test the descending resistance higher up. Then, months later, on August 5th of 2024, the support line would be finally put to the ultimate test at $0.0000108. Would it ever hold or break?
Then came the fall. SHIB dropped in early to mid-2025, smashing its upward support line like glass. It crashed down to $0.0000108 level, which had recently in August 2024 and April 2025 again stopped the bearish forces from going down. Was it really any different this time?
Potential Case Scenarios
The Shiba Inu teeters on a knife’s edge, with the analyst seeing two dreaded extremes to its future: a rise of suns or an immediate fall. On the hopeful side, SHIB is anticipated to make it out alive from the significant $0.0000108 defense. If it comes through, however, there will be a hard fight to crack the stubborn downward trendline that has been shadowing its ascent.
Hardly a better way to dramatize the fall of this crypto. A barrier like this is the type to challenge any attempts by SHIB to rise up once more and reclaim the glory days-it’s standing just about at the $0.000088 peak. Wouldn’t it be a sight if this coin rose from $0.0000134 to $0.00009, boasting luminescent green lights in the red charts? That is a gain of 571.6%.
A more speculative option would be for the SHIB to plummet. Should the $0.0000108 lifeline fail, the descent to $0.000009 can be expected, with $0.000004300 as the next ultimate downside target. A drop from $0.0000134 to $0.0000043 would mean nearly 68% of SHIB’s valuation being destroyed.
However, the analyst suggests that the ascending path appears more likely, citing strong support from the Shiba community.
Mixed Sentiment and Increased Activity
Shiba Inu has been throwing classic price upsets that are fueling a derivatives frenzy. Trading volume saw an insane 71.11% rise from the previous day, reaching $227.26 million. Is this the calm before another meme coin storm, or are the guys in the market waiting for sunset on Shiba Inu? The derivatives market is active now, and therefore, the next move remains all too uncertain.
While it was another solid day above the marquee levels, open interest took a subtle yet noticeable dip of 15.52% to $194.10 million. Are the traders cashing out after realigning their positions- or sitting edges to witness a bold move in stocks? Such a dip provides the opportunity for the market to resume its tracks.
Shiba Inu Derivatives Data
SHIB/USDT investors in Binance are playing the cautious game. The exchange’s long/short ratio is fragile at 0.9168, unraveling a market for which shorts just barely outnumber longs-a bearish undercurrent perceived among account holders.
OKX reflects an entirely different picture, with a 2.19 ratio painting the picture of a heavily bullish market scenario, with longs in a way just shadowing shorts. The sharp difference between the ratios underlies a different rhythm for each exchange, hence a testament to the array of strategies and sentiments coursing through the crypto trading arena.
SHIB price dip? Don’t panic. According to liquidation data, longs got the biggest battering of about $1.4 million in liquidations, compared to a mere $5,280 short liquidations in the last 24 hours. Consider it an opportunity for spring cleaning; weak hands are being shaken out so that sturdy buyers can step in. And the kicker comes with a positive funding rate of 0.0065% that hints at an underlying bullish sentiment. So, in spite of the price stumble, there are more traders banking on SHIB to scale up-the stage could be set for a rebound.
Thanks for reading Analyst Identifies Two Possible Paths for Shiba Inu Price: Which Will Prevail?
