Shiba Inu (SHIB) is trying to steady itself after defending support near $0.00001019. The meme‑coin trades around $0.00001033 today, modestly lower on the session, after sellers failed to break that intraday low. Traders are now watching to see whether this level can serve as a base for a rebound or if it will give way to further declines.
Shiba Inu Price Eyes Stabilization
Shiba Inu Price | Source: TradingView
Over the past month, SHIB has drifted lower and now sits at the bottom of its recent range.
Today’s price has oscillated between 0.00001019 and 0.00001089. This lower band lines up with prior intraday pivot supports, which makes it a natural place for bids to emerge.
In the meantime, the classic daily pivot point is at 0.00001047, with support below at 0.00001006 and 0.00000979. A different method (DeMark’s) calculates the pivot at 0.00001040 and the first resistance around 0.00001060.
SHIB has not yet reclaimed the 50‑period exponential moving average near 0.00001059 or the 50‑day simple moving average near 0.00001227, and the 200‑day SMA is even higher at 0.00001282. Staying below these longer‑term averages keeps the broader trend bearish.
Technical and Momentum Signals
The daily technical summary on Investing.com classifies SHIB as a strong sell, reflecting a majority of moving averages pointing lower.
Among oscillators, the Relative Strength Index (RSI 14) stands just above 37, indicating weak momentum but not extreme oversold conditions.
The Stochastic Oscillator (9,6) is around 60, suggesting there is room for both rallies and declines. The MACD (12,26) histogram is flat at zero, while the Average Directional Index (ADX 14) reads roughly 23. These signals together suggest that SHIB lacks a strong trend and could continue to grind sideways until a catalyst emerges.
Key Resistance and Support Levels
For a relief rally to gain traction, SHIB must first clear the pivot near 0.00001047. A move above that threshold would target the classic first resistance at 0.00001074, then 0.00001115, and finally 0.00001142.
DeMark’s first resistance at 0.00001060 provides an interim hurdle. Breaking through these levels, especially if accompanied by rising volume and a jump in RSI, would shift focus to the 50‑EMA near 0.00001059 and signal that bulls are gaining control.
On the downside, a failure to reclaim the pivot or a close below 0.00001019 would keep sellers in the driver’s seat. The next supports lie at 0.00001006 and 0.00000979.
A move below these zones could push SHIB into the mid‑0.000009s.
What’s Coming Next for Shiba Inu?
The near‑term outlook for Shiba Inu hinges on whether the token can sustain its recent support and overcome nearby resistances.
A bullish scenario would see the price hold above 0.00001019, reclaim 0.00001047, and climb toward 0.00001074 and beyond. A daily close above the 50‑period exponential moving average at 0.00001059 would give the bulls further confidence.
Conversely, if sellers force a decisive break below 0.00001019, momentum could deteriorate quickly and expose deeper support levels. Until SHIB resolves these technical inflection points, the price is likely to remain range‑bound and driven by short‑term trader sentiment rather than a sustained trend.