- SHIB faces a short-term downtrend, with key support at $0.00001800 and $0.00001750.
- RSI near oversold territory signals potential reversal if buying momentum returns.
- 2025 SHIB price forecast suggests modest growth, ranging from $0.000027 to $0.000033.
Shiba Inu (SHIB) remains one of the most-watched meme coins, drawing attention from both traders and long-term investors. With SHIB’s price sitting at $0.00001846, down 2.91% in the past 24 hours, many are asking whether it has the potential to break $0.000083 in the next bull run.
At the time of writing, SHIB’s market cap stands at $10.87 billion, reflecting the recent downturn. Trading volume has dropped by 27.60%, indicating reduced activity and investor interest. With a circulating supply of 589.25 trillion SHIB, the price remains well below its all-time high.
Support and Resistance Levels: Where SHIB Stands
SHIB’s price chart reveals a short-term downtrend, with lower highs and lower lows suggesting continued bearish pressure. However, recent price movement suggests the market could be entering a consolidation phase.
Related: Shiba Inu Battles Resistance Levels as Whales Bet Big on Recovery
- Support Levels: The first key support sits at $0.00001800, where buyers have stepped in. If SHIB falls below this level, the next support is at $0.00001750, a stronger zone that could attract buying interest.
- Resistance Levels: On the upside, SHIB faces immediate resistance at $0.00001900. A move above this level could open the door to $0.00001950, a more significant barrier that could determine the next trend shift.
Technical Indicators: Is a Reversal Coming?
- Relative Strength Index (RSI): Currently at 36.42, the RSI shows weak momentum but suggests that SHIB is approaching oversold territory. If buyers step in, a reversal could be in play.
- Moving Average Convergence Divergence (MACD): While still in negative territory, the MACD shows signs of bearish pressure easing, hinting at potential stabilization or a reversal.
Related: Shiba Inu: Long-Term Strength Holds Steady Despite Near-Term Setbacks
SHIB Price Prediction for 2025
Looking ahead, analysts expect SHIB to see modest growth in 2025. According to Changelly data, price projections suggest:
- Minimum target: $0.000027
- Maximum target: $0.000033
- Average price: $0.000028
While these predictions indicate gradual upward movement, SHIB’s ability to break $0.000083 depends on broader market trends, adoption, and whale activity.
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