The price of Shiba Inu token currently stays above the critical mark of $0.000010, indicating strong buyer interest. In this article, we will explore the current market state and the latest developments in the ecosystem.
Price Movements of Shiba Inu
Despite recent negative movements, Shiba Inu's price holds at the level of $0.000010. This may indicate a potential bullish reversal if the memecoin can successfully retest this mark.
Formation of the Triangle Pattern
Since April 2025, the Shiba Inu token has displayed a triangle pattern, losing approximately 4% over the past week and 14% over the month. The Bear Bull Power (BBP) indicator suggests strong selling pressure in the market, but the decreasing intensity of the red bars might indicate that bearish momentum is waning.
Outlook and Predictions
The current Relative Strength Index (RSI) is at 40.34, hinting at a slight bearish momentum. Should RSI rise above 50, it could indicate increasing buying pressure. The possibility of retesting the resistance level at $0.00001320 remains relevant, although if bears overpower the bulls, the price could drop to the support level of $0.000010150.
The maintenance of Shiba Inu's price at $0.000010 and potential developments within the ecosystem provide premises for observing future trends. Market analysts will be closely monitoring the upcoming movements.
