TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Shiba Inu downside risk limited to $0.00002 with great upside potential

Shiba Inu downside risk limited to $0.00002 with great upside potential
FXStreet TeamFXStreet TeamFXStreet

A brief technical and on-chain analysis on Shiba Inu price. FXStreet's analysts evaluate why SHIB could rebound.

Please, subscribe to our YouTube channel and follow us on Twitter @FXScrypto.

RELATED CONTENT

Shiba Inu selling pressure continues, but SHIBA maintains critical support level

Shiba Inu price action rejected earlier signals indicating a bull reversal would likely occur. Near the beginning of January, there was some evidence that SHIBA may push for a $0.000050 value area test, but those projections have been eliminated. From an Ichimoku Kinko Hyo perspective, Shiba Inu has zero upcoming support on the daily chart. Shiba Inu price is below the Cloud (Senkou Span A and Senkou Span B), the Tenkan-Sen, and the Kijun-Sen. Future Senkou Span A is below Future Senkou Span B, and the Chikou Span is below the candlesticks in open space. In other words, within the Ichimoku system on the daily chart, SHIBA is in price discovery mode and has a free hand to keep moving lower. The nearest Ichimoku support level for Shiba Inu is on the weekly Ichimoku chart. Senkou Span A at $0.000007 is the closest Ichimoku support level for Shiba Inu price. However, a massive bounce could occur at any moment. The daily Composite Index has hit new all-time lows. At the same time, the Relative Strength Index is right on top of the first oversold level in a bear market at 30. Read more

Author

FXStreet Team

More from FXStreet Team
Share:

Editor's Picks

Bitcoin steadies as traders eye US–Iran talks

Bitcoin steadies as traders eye US–Iran talks

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Thursday after a 6.2% relief rally the previous day amid a broader downward trend.

Ripple holds modest gains as open interest hits one-year low

Ripple holds modest gains as open interest hits one-year low

Ripple (XRP) rises alongside major crypto assets to trade above $1.43 at the time of writing on Thursday. The slow but steady recovery comes after the remittance token declined to a weekly low of $1.31 on Tuesday, as investors navigated key changes in the United States (US) tariff policy.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe struggle to extend gains

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe struggle to extend gains

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), have remained stable so far on Thursday after rising around 5%-10%-5% respectively on Wednesday, suggesting a lack of sustained bullish momentum.

Solana strikes key resistance with double-digit gains

Solana strikes key resistance with double-digit gains

Solana (SOL) trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds (ETFs) record $30 million of inflow on Wednesday.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.