- SHIB broke out of a symmetrical triangle, hinting at volatility ahead.
- Resistance at $0.00001327 could open the path to $0.00001500 and $0.00001800.
- Support rests near $0.00001255; a breakdown risks declines to $0.00001180.
Shiba Inu (SHIB) moved out of a symmetrical triangle formation last week, drawing fresh attention from traders.
The meme coin is up more than 7% in the past seven days and trades at $0.00001315 with a market capitalization of $7.25 billion, equal to 0.19% of the total crypto market.
SHIB Price Analysis: What’s Next?
The SHIB daily chart shows that the meme coin recently broke out of a symmetrical triangle formation, signaling potential volatility ahead.
On the charts, resistance sits at $0.00001327, aligned with the upper Bollinger Band. Clearing that level could open a path toward $0.00001500 and $0.00001800 in the near term. On the downside, support rests at $0.00001255, with further risk toward $0.00001180 if selling picks up.
Short-Term Rally Hinges on Market Conviction
Indicators paint a mixed picture on this one though. The Chaikin Money Flow stands at 0.06, showing mild buying pressure. The Balance of Power is at 0.49, leaning bullish, but the MACD remains flat, pointing to weak follow-through. These readings suggest traders are watching closely but haven’t fully committed to the breakout.
Analysts note SHIB must hold above $0.00001327 on a daily close to build momentum toward $0.00001500 and higher. Failure to do so risks another period of consolidation.
SHIB’s Long-Term Potential if Crypto Market Cap Expands
Some analysts continue to highlight SHIB’s long-term upside if the broader crypto market grows.
With a circulating supply of 589 trillion tokens, maintaining its current 0.19% market share in a 100 trillion dollar global crypto market would value SHIB at roughly $190 billion. That scenario implies a price near $0.000322, well above today’s levels.
Q4 SHIB Rally
Veteran trader Anonymous has projected SHIB could climb to $0.00032 in the fourth quarter of 2025 on the back of a broader bull run.
Meanwhile, Himanshu Maradiya, founder of CIFDAQ Blockchain Ecosystem, predicted SHIB could climb to $0.0003 before the end of 2025.
For now, SHIB’s immediate test is whether it can sustain above $0.00001327 to set up a push toward $0.00001500 and $0.00001800, or slip back toward its lower support levels.
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Source: https://coinedition.com/shiba-inu-price-breakout-0-000018-target/