The current price of the Shiba Inu token has dropped to $0.0000125 after a recent increase. Price swings in the market are influenced by various factors, and traders are trying to understand how the situation will develop further.
Current SHIB Price Scenario
Currently, Shiba Inu is trading around $0.0000125, reflecting consolidation after a broader market cooldown. The token has support at approximately $0.00001187, coinciding with key Fibonacci retracement levels. Immediate resistance lies near $0.00001320, with a secondary ceiling at $0.00001450.
Several factors are shaping the short-term Shiba Inu outlook. Whale wallet activity has shown signs of accumulation, which can often be a bullish signal. However, a significant decline in Shiba Inu's token burn rate — down over 95% — has raised concerns about the strength of deflationary pressure that once supported its narrative.
SHIB Price Prediction: Upside Outlook
Even with the recent dip, Shiba Inu still has plenty of room to run. If SHIB can break past $0.00001320, that could spark fresh buying momentum and open the door to $0.00001450 — maybe even $0.00001500. These levels have been key resistance points in the past, so clearing them would definitely get traders excited.
Much of SHIB’s power comes from its massive and passionate community. That grassroots hype, boosted by social media buzz, keeps fueling these unpredictable rallies. Plus, whales adding to their stacks right now shows they’re betting on a rebound. As long as retail traders stay pumped, Shiba Inu will keep bouncing around the meme coin spotlight.
SHIB Price Prediction: Downside Risks
On the flip side, the downside risks are pretty real. If SHIB can’t break back above $0.00001260 — right now acting as a key EMA resistance — more sellers could come in. If it falls below $0.00001187, things could get ugly, with prices possibly sliding down to $0.00001100 or even $0.00001009.
With meme coin hype dying down across the market, SHIB could be vulnerable to further losses, especially if trading volume keeps drying up. The sharp decline in the burn rate and less retail interest only adds fuel to the bearish fire. Without new momentum or big whales stepping in, SHIB might be stuck in a long consolidation or correction phase.
The near-term SHIB price forecast suggests that the token is locked between support at $0.00001187 and resistance at $0.00001320. A bullish breakout could validate a projection toward the $0.00001450–$0.00001500 zone. Conversely, a failure to hold support would support the expectation of further downside toward $0.00001000.
