SHIB Could Test $0.0000127 Support After False Breakout Amid Market Decline

• Key support: $0.00001273 — watch daily close for confirmation.

• Short-term risk elevated after a false breakout; mid-term bias neutral while price remains within the prior week’s range.

• SHIB/USD trading at $0.00001305 with a 24‑hour decline of ~5.17% (CoinMarketCap data).

SHIB price update: SHIB/USD falls after a false breakout; support near $0.00001273. Get short- and mid-term technical outlook and COINOTAG trading guidance.

A new week has begun with the fall of the market, according to CoinMarketCap. Volatility has pressured large-cap altcoins, and SHIB is not immune to the move.

Top coins by CoinMarketCap

What is the current SHIB/USD trading level and short-term direction?

SHIB price is trading at $0.00001305 and has declined roughly 5.17% in the past 24 hours. The immediate technical picture shows a failed breakout above $0.00001438 followed by a pullback toward support at $0.00001273.

Short-term momentum favors sellers until buyers defend the $0.00001273 level and volume confirms a rebound.

How has SHIB performed on hourly and daily charts?

The hourly chart recorded a false breakout of the local support near $0.000013, which now acts as resistance on intraday timeframes. On the longer daily chart, the price retreated after failing at $0.00001438 and remains inside the prior week’s bar, indicating limited conviction for a strong trend.

Image by TradingView

If the daily bar closes at or below current levels, the next visible test is the $0.00001273 support. A break below that area raises the probability of a drop into the $0.00001260–$0.00001280 zone.

Image by TradingView

From a midterm viewpoint, SHIB remains inside the prior week’s range, suggesting market participants are cautious. Lower liquidity near the main levels reduces the likelihood of sharp directional moves until a clear breakout or breakdown occurs.

Image by TradingView

Timeframe	Key Level	Implication
Short-term (hours)	$0.00001273 (support)	Failure may lead to $0.00001260–$0.00001280
Mid-term (days/weeks)	$0.00001438 (resistance)	Break above needed to resume bullish bias

Frequently Asked Questions

What are the immediate support and resistance levels for SHIB?

Immediate support is at $0.00001273; resistance is near $0.00001438. A daily close below support increases downside risk; a sustained move above resistance is required to shift bias bullish.

How should traders confirm a directional move in SHIB/USD?

Traders should look for increased trading volume, consecutive daily closes above or below key levels, and confirmation on higher timeframes before initiating directional positions.

Key Takeaways

• Current price: SHIB/USD trading near $0.00001305 with a 24‑hour decline of ~5.17%.
• Critical levels: Support $0.00001273; resistance $0.00001438; next target on breakdown $0.00001260–$0.00001280.
• Action: Monitor volume and daily closes; consider risk management if support is lost.

Conclusion

This COINOTAG analysis shows SHIB price under pressure after a false breakout at $0.00001438 and trading at $0.00001305. Immediate support at $0.00001273 will determine near-term direction. Traders should watch volume and daily close for confirmation and plan positions with disciplined risk management.