Shiba Inu (SHIB) is testing investor patience as the meme-inspired cryptocurrency defends its $0.000011 support level, with bulls eyeing a potential rebound toward the long-awaited $0.0001 target.
The token recently slipped 9% amid broader market volatility, but resilient demand at support zones suggests that traders are closely watching for signs of a trend reversal. With sentiment split between cautious consolidation and breakout optimism, Shiba Inu’s next move could set the tone for October’s trading momentum.
Technical Analysis: Mixed Signals but Key Support Intact
Shiba Inu’s chart currently shows a symmetrical triangle pattern, a structure that often signals a breakout in either direction. The $0.000011 support coincides with the 0.236 Fibonacci retracement level, underlining its importance for near-term sentiment.
Shiba Inu (SHIB) is forming a bullish symmetrical triangle, signaling a potential breakout, with memecoins like SHIB seen as top short-term gain opportunities. Source: Mark.eth via X
If SHIB manages to hold the $0.000011 floor, the next likely upside target is around $0.000013, reflecting a potential 14% rebound. However, failure to sustain this level could spark renewed selling pressure, pushing the price toward $0.000010, which aligns with the broader ascending trendline.
Indicators paint a mixed picture. The MACD remains in bearish territory, but the Relative Strength Index (RSI) sits near 46, reflecting a neutral zone with room for movement in either direction. Meanwhile, futures open interest has dropped from $500 million to about $177 million, highlighting weaker speculative activity.
ETF Prospects and Institutional Outlook
Beyond short-term trading, ETF speculation continues to shape discussions around Shiba Inu. While SHIB has not yet appeared in official U.S. ETF filings, some analysts believe its path to legitimacy hinges on credibility and compliance.
The commentator claimed to be the first to predict a Shiba Inu (SHIB) ETF, noting meme ETFs were inevitable due to Wall Street’s interest. Source: Del Crxpto via X
“ETF approval is not about hype anymore—it’s about trust, regulation, and institutional backing,” explained crypto analyst Del Crxpto. “For Shiba Inu, that means building a clean name, credible leadership, and a compliant strategy.”
Although Dogecoin has been mentioned more frequently in ETF filings, Shiba Inu’s growing ecosystem—spanning Shibarium, DeFi applications, and community-led initiatives—positions it as more than just a meme coin. If SHIB secures ETF traction, it could open the door to institutional participation and long-term price stability.
Community Optimism and Seasonal Momentum
The Shiba Inu community has also rallied behind the idea of “Uptober,” a historically strong month for cryptocurrency markets. Social media engagement surged after bullish charts from Shib Spain projected a potential new all-time high for SHIB in October.
Shiba Inu was trading at around $0.00001172, down -1.34% in the last 24 hours at press time. Source: Brave New Coin
The technical setup shows a possible step-pattern breakout where price probes resistance before stampeding upwards. As the pressure to buy builds up, the momentum can adhere to seasonal optimism to support bullish forecasts.
Shiba Inu Price Prediction: What’s Ahead?
In the short term, all eyes remain at the $0.000011 support level. A bounce from this level has the potential to trigger an advance to $0.000013, followed by $0.000017. Breaking these resistance levels will go a long way towards making the case for an advance to $0.0001, a level that has been on the radar of Shiba Inu investors for centuries.
Shiba Inu (SHIB) is gearing up for a potential mega rally with eyes on the $0.0001 level. source: SHIB Mortal via X
But there are dangers. Declining trading volume, exclusion from ETFs, and bearish chart indicators mean downward pressure cannot be ruled out. If support is breached, SHIB could visit $0.000010 before settling.
For longer-term investors following Shiba Inu price forecast 2025 and beyond, the bigger question is whether SHIB can keep pushing past meme coin roles to a viable financial instrument. Although future token price forecast depends on adoption, ecosystem growth, and potential ETF listing, short-term traders care about whether the bulls can hold the $0.000011 level and re-take higher ground.