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If you’re holding Shiba Inu (SHIB), you’re probably wondering: Is it time for this dog to break free, or are we just walking in circles? Let’s dive into the technicals and see what this chart is barking at us.

Shiba Inu, once the meme king of the crypto jungle, has been trading in a gradual uptrend, but patience is wearing thin for traders looking for that next big breakout. The market structure looks promising, but without volume, even the most bullish chart can turn bearish in a blink.

Shiba Inu (SHIB) Price Analysis – The Dog Coin on a Leash or Ready to Run? — Source: TradingView

Overview of the Chart

Current Price: $0.00001282
Support Zones: Around $0.00001250 and $0.00001200
Resistance Levels: Between $0.00001300 – $0.00001350
Trend: Moving inside an ascending channel (bullish structure)
Indicators:
- RSI (Relative Strength Index): Sitting at 52, meaning we’re in neutral territory—not overbought or oversold.
- Volume: Relatively low, indicating a lack of strong momentum.

This is a make-or-break moment for SHIB. The price is consolidating near the mid-range of the channel, meaning a strong move is likely coming soon. The key question is: Will it be an explosive breakout, or will the price slump into support zones?

Bullish Case: The Dog Breaks Free?

Shiba Inu has been steadily climbing within a rising channel, which suggests that buyers are still in control (for now). This higher low structure typically signals that SHIB is on an uptrend, even if it’s moving at a snail’s pace.

While the price action remains constructive, we need to see conviction from the bulls. Without an increase in buying pressure, SHIB could remain trapped in this range for an extended period. A surge in social media hype or broader market momentum could act as a catalyst for a breakout, but without it, the dog might just be chasing its own tail.

If SHIB can break the $0.00001350 resistance level, we could see a move toward $0.00001450 or even $0.00001500, which aligns with the upper trendline of the channel.

What to watch for:

✅ A breakout above $0.00001350 – this would indicate a strong push from buyers.
✅ Increase in volume – if we see a spike in volume, this rally could get serious.
✅ RSI moving above 60 – a bullish sign that momentum is picking up.

If bulls can generate enough demand to push past $0.00001350, the breakout could be swift and aggressive. However, failure to hold these levels could result in another frustrating consolidation phase.

Bearish Case: The Dog Gets Tired?

While the channel is holding, SHIB’s price action is showing some weakness. The RSI is hovering around neutral, meaning there’s no real conviction from bulls or bears.

Crypto markets are notorious for fake breakouts, and SHIB is no stranger to them. If price fails to hold above $0.00001250, a sharp decline toward the lower supports is highly probable. The biggest concern for bulls is the lack of momentum and conviction, which could indicate that sellers are still lurking in the shadows.

If SHIB drops below $0.00001250, we could be in for a retracement to $0.00001200 or even $0.00001150 (key historical support). Given the low volume, there’s also a risk of a fake breakout, where price briefly moves up before crashing back down.

What to watch for:

A break below $0.00001250 – could trigger a sell-off toward lower supports.
RSI dropping below 40 – would indicate weakening momentum and potential downtrend.
Volume drying up completely – without buyers, SHIB could lose steam.

If sellers gain the upper hand, expect SHIB to test the lower boundaries of the channel. However, the bigger danger is losing the $0.00001200 level, as that could lead to a sharper decline and a test of sub-$0.00001150 zones.

Trading Tips: How to Play This Setup?

Bullish Trade (If You Believe in the Dog):

Entry: Break above $0.00001350 with strong volume.
Target: $0.00001450 – $0.00001500.
Stop-Loss: Below $0.00001250.

This trade setup bets on SHIB continuing its bullish momentum and breaking past resistance. If volume supports the move, expect a fast push toward $0.00001500.

Bearish Trade (If You Think It’s a Fakeout):

Entry: If SHIB breaks below $0.00001250.
Target: $0.00001200 – $0.00001150.
Stop-Loss: Above $0.00001300.

For those betting on a breakdown, shorting near resistance or entering on a confirmed rejection could be the safest approach. If sellers take control, lower price levels could come into play quickly.

Risk management is key here—crypto moves fast, and trades can turn in an instant.

Final Thoughts: Will SHIB Moon or Stay in the Doghouse?

Right now, SHIB is playing it safe inside an ascending channel, meaning bulls still have control—but just barely. The lack of volume is concerning, so we need to see a stronger push before getting too excited.

With Bitcoin’s movements often dictating meme coin sentiment, SHIB traders should keep an eye on broader market trends. If BTC continues its uptrend, SHIB could follow suit, but if Bitcoin struggles, expect SHIB to face headwinds.

Keep an eye on the key resistance and support levels, and remember: in crypto, even the most loyal dogs can turn on their owners. Trade smart, and don’t let emotions lead your decisions!

If SHIB can break out, this pup might just become a full-grown beast. If not? Well, it might be time to start looking at other dogs in the park.

Author
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Roman B.

I have 6 years of writing experience on several leading websites dealing with cryptocurrencies and other investments. I have been in the Web3 sector for a similar amount of time and have collaborated on several projects from NFT to P2E. My previous experiences: Business2Community.com, TradingPlatforms.com, CryptoSvet.