Shiba Inu Price Might Rebound from its 1-Month Low...Here's why
The meme coin Shiba Inu ($SHIB) has had a tough month, dropping around 17% and currently trading near $0.0000099. As $Bitcoin tests the crucial $100K level, meme coins like SHIB are feeling the heat — yet the latest chart patterns hint that a short-term rebound might be coming.
Shiba Inu’s market cap stands at $5.87 billion, ranking #23 on CoinMarketCap, while trading volume has plunged nearly 48% in 24 hours to $148.5 million. The slowdown suggests traders are cautious, but SHIB’s community of 2.87 million holders remains strong — a key factor in potential recoveries.
Shiba Inu Price Analysis: A Breakout Could Be Near
The 2-hour SHIB/USD chart shows a descending triangle formation, indicating consolidation before a potential breakout.
- Resistance: $0.00001022
- Immediate support: $0.00000963
- Major support: $0.00000868
SHIB/USD 2-hour chart - TradingView
Currently, SHIB is hovering just below its 200 SMA around $0.00000986, acting as dynamic resistance. A clean breakout above this line could push prices toward $0.0000102–$0.0000104.
Meanwhile, the Stochastic RSI is at 41.16, showing mild upward momentum after exiting oversold conditions. If the buying volume returns, SHIB could retest the upper resistance zone — but failure to break above $0.0000102 could lead to a pullback toward $0.0000086.
Bitcoin’s Influence on Meme Coins
With $BTC consolidating near $100K, most traders are reallocating funds toward Bitcoin and other large caps. Meme coins like SHIB and PEPE have seen liquidity outflows, but they often rebound quickly once Bitcoin stabilizes.
The volume-to-market-cap ratio of 2.52% suggests that speculation has cooled — yet this phase often precedes sharp moves when confidence returns.
Shiba Inu Price Prediction: Can SHIB Regain Momentum?
If Bitcoin remains steady above $100K and the upcoming U.S. inflation data brings positive sentiment, SHIB could aim for $0.0000104–$0.0000108 in the short term.
However, if Bitcoin dips below $98K, bears might push SHIB back down to the $0.0000086 support level — a zone to watch for accumulation.
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