Shiba Inu Experiences a Setback as Crucial Moving Average Rejection Sparks Pessimistic Trend Forecast
Shiba Inu (SHIB) is currently navigating a bearish to neutral market, with high volatility following a failed breakout above a symmetrical triangle and encountering resistance at moving averages. Despite the bearish momentum, there are signs of potential recovery and bullish momentum in the near future.
Current Sentiment Remains Bearish
The current sentiment for SHIB is bearish, as technical indicators reflect selling pressure and resistance, even with token burns occurring. The failure to hold above the symmetrical triangle signals ongoing weakness in the short term.
Resistance at Key Price Levels
SHIB is facing resistance around moving averages and price levels near $0.000014, which serves as a critical zone of contention. Approximately 41% of holders are profitable around this resistance, showing market tension.
Potential Recovery and Bullish Momentum
Despite bearish momentum, mid to late 2025 price predictions suggest possible rises ranging from the $0.000014–$0.000017 range, with some analysts projecting gains as high as +32% by end of August 2025 and potential rallies toward $0.000032 in the near term if key supports hold.
Resilience Around Key Support Levels
The price of SHIB is currently showing resilience around key support near $0.0000103 to $0.000013, which could serve as a foundation for a bullish reversal if sustained.
Ecosystem Expansion Supports Future Price Action
Shiba Inu’s ecosystem expansion, particularly via developments like ShibaSwap (decentralized exchange) and Shibarium (Layer 2 scaling solution), is a fundamental positive that may strengthen investor confidence and utility, supporting future upward price action.
Volatility Expected to Continue
Short-term volatility is expected to continue, with potential pullbacks below near-term ranges before any sustained uphill movement.
Outlook Remains Cautious but Bullish Scenario Possible
While failure to hold the breakout and resistance at moving averages currently exert bearish pressure on SHIB, technical and fundamental factors suggest potential recovery if key support levels are respected and ecosystem growth continues. The near-term outlook remains cautious, but with a plausible bullish scenario in late 2025 if market dynamics improve and adoption expands.
Key Support and Resistance Levels
The first support level for Shiba Inu's price is currently at $0.00001300, and the $0.00001350 level serves as significant resistance due to the positioning of the 200-day EMA just above it. A recovery attempt will likely encounter resistance due to the 200-day EMA. Holding the $0.00001350 level with strong volume is necessary for a bullish structure. If the support at $0.00001300 is lost, the price could test $0.00001250. Until the $0.00001350 level is overcome, market sentiment may remain cautious. The zone at $0.00001250 previously held during consolidation before the July rally.
In conclusion, Shiba Inu's current market position is bearish to neutral, but there are signs of potential recovery and bullish momentum in the near future. The future outlook is cautiously optimistic, contingent on key support levels holding and adoption of Shibarium and ecosystem developments. The near-term outlook remains cautious but with a plausible bullish scenario in late 2025 if market dynamics improve and adoption expands.
- The bullish scenario predicts possible rises in the price of SHIB, with mid to late 2025 price predictions suggesting potential gains ranging from $0.000014 to $0.000017, and some analysts projecting +32% by end of August 2025.
- Despite the current bearish momentum, Shiba Inu's ecosystem expansion, such as ShibaSwap and Shibarium, is a fundamental positive that may strengthen investor confidence and utility, potentially supporting future upward price action.
