SHIB price (SHIB/USD) is down after a false breakout of $0.00001438 and currently trades near $0.00001305. Immediate support lies at $0.00001273; a break could target $0.00001260–$0.00001280. Traders should watch volume and the daily close for confirmation of further downside.
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Key support: $0.00001273 — watch daily close for confirmation.
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Short-term risk elevated after a false breakout; mid-term bias neutral while price remains within the prior week’s range.
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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.
