Shiba Inu (SHIB) cryptocurrency is showing signs of renewed strength after a period of consolidation. This article examines the current trading conditions and predictions for this memecoin.
Overview of Current SHIB Situation
Currently, Shiba Inu is trading at $0.00001322, situated above the key support level of $0.00001300. Increasing buying activity and technical confirmations suggest potential growth in the coming days.
Technical Analysis and Indicators
As of July 13, 2025, the daily candle chart indicates the beginning of a bullish reversal starting from late June. The presence of consecutive green candles with minimal shadows confirms strong bullish control. SHIB has recently tested the resistance level at $0.00001325, forming a mini bullish flag.
Forecast and Possible Scenarios
If Shiba Inu's price can break through the $0.00001325 resistance, the following targets will be active: short-term target - $0.00001450 and medium-term target - $0.00001620. Conversely, if a breakout fails, the key support levels to watch will be $0.00001280 and $0.00001200.
Shiba Inu may be on the verge of a significant breakout. Strong RSI growth and clean Fibonacci levels might indicate an upcoming price increase. Traders are advised to watch for a daily close above $0.00001325 for confirmation.
