Shiba Inu (SHIB) Price Prediction for May 20

Shiba Inu price today is trading near $0.00001397, extending its recent downside streak after failing to hold above the $0.00001500 resistance zone. The asset is down nearly 7% over the past 24 hours, marking its second consecutive red candle on the daily chart. This correction comes after Shiba Inu price spikes earlier this month pushed it toward $0.00001760, only to meet significant supply pressure around the 0.236 Fib level of $0.00001590.

The Shiba Inu price action currently reflects a clear rejection from the upper Bollinger Band and a break below the 50-day and 100-day EMAs, signaling rising Shiba Inu price volatility as the asset approaches a key support zone near $0.00001380.

Shiba Inu Price: Descending Triangle Breakdown Triggers Renewed Selling

On the 4-hour chart, SHIB broke below a crucial ascending trendline support near $0.00001430, confirming a descending triangle breakdown. This technical breach coincides with a rejection at the $0.00001510 zone, now acting as a firm resistance barrier.

The bearish pattern unfolded alongside a declining volume profile, indicating that buyers lacked momentum to reclaim previous highs. The next area of interest sits at the green support box around $0.00001320 to $0.00001280, which previously served as a strong demand zone in early May. If this area breaks, the bears may push Shiba Inu price down toward $0.00001200 or lower.

Shiba Inu (SHIB) Price: Momentum Indicators Flash Bearish Divergence

Momentum oscillators further support the bearish outlook. The 30-minute RSI has dipped to 33.35, with a lower high structure confirming bearish divergence since May 18. MACD also remains negative, with widening histogram bars and signal line crossover reinforcing the downside trend.

Chande Momentum Oscillator is hovering around -35.08, and the Stochastic RSI is slowly rebounding from oversold territory but lacks follow-through, suggesting relief bounces may be short-lived unless bulls reclaim $0.00001430.

Why Shiba Inu Price Going Down Today

The answer to why Shiba Inu price going down today lies in a confluence of technical and sentiment-driven factors. First, the rejection at both the 0.382 and 0.5 Fib retracement levels (at $0.00001483 and $0.00001396) suggests that bulls are struggling to sustain upward momentum following earlier rallies.

Second, broad market softness is amplifying the downside risk, with Bitcoin and Ethereum also losing key support levels over the weekend. Shiba Inu, being a high-beta asset, often reacts with exaggerated volatility in such environments.

Shiba Inu Price: Short-Term Forecast and Key Levels

As of May 20, Shiba Inu price is entering a decisive test of its short-term bullish structure. Should the $0.00001380 support level fail to hold, SHIB may revisit $0.00001280 and even test the 0.618 Fib level near $0.00001309.

However, if bulls can reclaim the $0.00001430 level on strong volume, a move back toward the $0.00001500–$0.00001530 range could unfold, with the next upside target around $0.00001590.

The current Shiba Inu price update suggests that bearish momentum is in control as SHIB trades below key EMAs and fails to reclaim broken trendline support. With weak momentum signals and lower highs forming, the path of least resistance appears downward unless bulls regain control above $0.00001430.

For now, traders should closely monitor the $0.00001380 zone. A breakdown below this threshold could accelerate downside pressure, while a bounce with rising RSI and MACD crossover could set up for a short-term recovery toward $0.00001510.