Shiba Inu Falls Further Below $0.00001200

Jun 30, 2025 at 11:29 // News

SHIB's uptrend will begin when the price breaks above the moving average lines

Shiba Inu (SHIB) is currently trading at the bottom of the chart after falling to a new low of $0.00001008.

SHIB price long-term prediction: bearish


The downtrend has broken the current support at $0.00001200 as the altcoin bounces between the support at $0.00001000 and below the moving average lines. The cryptocurrency is expected to fall further and reach a low of $0.00000800.


SHIB’s uptrend will begin when the price breaks above the moving average lines. At the time of writing, the altcoin is at $0.00001155.


Technical indicators



Key Resistance levels: $0.00002800, $0.00002900, $0.00003000



Key Support levels: $0.00002200, $0.00002000, $0.00001900

SHIB price indicators analysis


The altcoin broke below the current support at $0.00001000 after being rejected at the 21-day SMA barrier. The price is falling as the price bars are below the downward sloping moving average lines. The altcoin is currently in a rangebound trend as doji candlesticks are currently used as a symbol for the price of the cryptocurrency.


SHIBUSD_(Daily Chart) - June 29.jpg

What is the next move for SHIB?


The price of SHIB has fallen below the current support level of $0.00001200, continuing its downtrend. SHIB is currently trading below the resistance at $0.00001200 and above the support at $0.00001000.


The resistance at $0.00001200 and the moving average lines have slowed the upward trend. The dangers for the altcoin are diminishing as it is rejected at the recent high.


SHIBUSD_(4-Hour Chart) -June 29.jpg


On June 18 Coinidol.com reported that the price of Shiba Inuhas been gradually declining since falling below the current support of $0.00001200. 


Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. 

Source: https://coinidol.com/shiba-inu-falls-further/