The price of Shiba Inu (SHIB) is under noticeable pressure and at a low level. This article examines the current trends and possible scenarios for SHIB.
Current Market Situation of SHIB
As of June 26, 2025, Shiba Inu is trading at $0.00001150, reflecting a daily loss of 1.35%. Current candles indicate a prolonged downtrend that began after the last attempt to reclaim the $0.00001400 level failed in mid-May. The support and resistance levels are as follows:
* Immediate Resistance (R1): $0.00001250 * Pivot Level (PP): $0.00001196 * Support 1 (S1): $0.00001064 * Support 2 (S2): $0.00000986
Currently, SHIB is trading below the pivot point, hovering just above S1, indicating a weak technical position.
Indicator Analysis and Possible Scenarios
The Relative Strength Index (RSI) reads 40.11, which is below the neutral 50 level but not yet in oversold territory (<30). This suggests a bearish market but not exhausted market. RSI shows early signs of bullish divergence, which could hint at a short-term reversal.
Possible scenarios:
**Bullish Setup:** A break above $0.00001200 followed by a daily close above the pivot could attract buyers back.
**Bearish Setup:** A drop below $0.00001064 could lead to a swift fall to $0.00000980.
Price Prediction for Early July 2025
If bulls manage to reclaim the pivot level at $0.00001200, we could see a 10-15% upside to $0.00001380 in early July. However, failure to hold support at $0.00001064 may lead to a retest of $0.00000900.
While the road to a complete collapse seems unlikely, charts suggest that SHIB is more likely to bounce or consolidate than vanish completely. Monitoring further price movements and overall market sentiment is essential.
