Shiba Inu ($SHIB) is showing signs of consolidation after an aggressive upside move earlier this week. Following a strong breakout from the lower range, SHIB price surged into a major resistance zone before facing rejection, triggering a short-term pullback.
Shiba Inu price in USD - TradingView
At the time of analysis, SHIB is trading around $0.00000877, stabilising above a critical horizontal support area as the broader crypto market pauses.
Based on the 4-hour chart, SHIB recently broke out from a long consolidation range and rallied sharply toward upper resistance.
SHIB/USD 4H - TradingView
Immediate Support:
Resistance Zones:
Price is currently holding just above the mid-range support, suggesting the move is more of a healthy pullback rather than a trend reversal — as long as support remains intact.
The Stochastic RSI (3,3,14,14) on the 4H timeframe is deeply oversold, with values near the lower bound. Historically, similar conditions on SHIB have preceded short-term relief bounces.
This indicates:
Bullish scenario: If SHIB holds above $0.00000868 and momentum stabilises, a retest of $0.00000963 becomes likely. A confirmed breakout above this level could open the door for a move toward $0.00001022, which remains the key upside target.
Bearish scenario: If price loses $0.00000868, SHIB could revisit the lower range near $0.00000668, where buyers previously stepped in aggressively.
For now, the structure still favours consolidation after expansion, not a full trend breakdown.


