SHIB Eyes Short-Term Upside After Breakout, But Midterm Bearish Risks Persist

• SHIB experiences minor daily dip amid broader market shift to red tones, per CoinMarketCap data.

• Hourly chart indicates upward movement post-breakout, with possible extension to $0.00001050 range on sustained buying.

• Longer-term analysis reveals bounce from $0.00001019 support, though midterm bearish pressure persists below key $0.00001145 level, with 24-hour volume reflecting cautious trading.

Discover the latest SHIB price today analysis, including short-term gains and midterm risks. Stay informed on Shiba Inu trends to make smarter crypto decisions—explore now for key insights.

What is the Current SHIB Price Today and Short-Term Outlook?

SHIB price today stands at $0.00001044, reflecting a 0.26% decrease over the last 24 hours as the broader cryptocurrency market trends toward red, according to CoinMarketCap. On the hourly chart, the token has shown resilience with an upward trajectory following a breakout above the local resistance level of $0.00001010. If bullish momentum persists and the daily candle closes near $0.00001030, analysts anticipate further gains toward the $0.00001050 zone.

Top coins by CoinMarketCap

The market has almost changed to red today, according to CoinMarketCap. This shift underscores the volatility inherent in meme coins like Shiba Inu, where even minor fluctuations can signal broader sentiment changes among investors.

How Does the Hourly and Daily SHIB Chart Analysis Unfold?

Detailed examination of the hourly chart reveals SHIB’s price climbing after surpassing the $0.00001010 resistance, a critical threshold that has now shifted to potential support. TradingView charts indicate that if buyers maintain control, the next resistance at $0.00001030 could be tested soon, with a possible extension to $0.00001050. This movement aligns with increased trading volume during the breakout, suggesting renewed interest from short-term traders.

Image by TradingView

On the daily timeframe, the picture is more nuanced. SHIB has rebounded from the $0.00001019 support level, preventing deeper losses amid the market’s downturn. However, consolidation appears likely in the $0.00001030 to $0.000011 range as buyers regroup. Expert analysts from TradingView note that this sideways action could build momentum for either an upside breakout or a test of lower supports, depending on overall market recovery.

Image by TradingView

From a midterm perspective, the bearish bias dominates as SHIB remains beneath the pivotal $0.00001145 level. This positioning leaves room for further downside if selling pressure intensifies, potentially revisiting recent lows around $0.00001000. Data from CoinMarketCap highlights that SHIB’s 7-day performance has been mixed, with a net decline of approximately 2.5%, reflecting caution among holders amid regulatory uncertainties in the crypto space.

In this case, sideways trading in the range of $0.00001030-$0.000011 is the most likely scenario.

Image by TradingView

From the midterm point of view, the picture remains bearish as the price of the meme coin is under the $0.00001145 level. In this case, a further drop remains the more likely scenario. SHIB is trading at $0.00001044 at press time. Market observers, including those cited in recent reports from financial platforms like CoinMarketCap, emphasize monitoring Bitcoin’s performance, as altcoins like SHIB often correlate with the leading cryptocurrency’s trends.

The rate of SHIB has fallen by 0.26% over the past day.

On the hourly chart, the price of SHIB is going up after a breakout of the local resistance of $0.00001010. If bulls can hold the gained initiative and the daily bar closes near $0.00001030, growth is likely to continue to the $0.00001050 range.

On the longer time frame, the rate of SHIB is rising after a bounce back from the $0.00001019 level. However, buyers might need more time to accumulate energy for a further move.

Frequently Asked Questions

What Factors Are Influencing SHIB Price Today in 2025?

Several elements drive the current SHIB price today, including broader market sentiment shifting to red as reported by CoinMarketCap, with a 0.26% daily decline. Key influences encompass trading volume fluctuations, resistance breakouts on hourly charts, and midterm bearish pressures below $0.00001145. Investors should watch for ecosystem developments in the Shiba Inu network, which could bolster long-term value.

Is SHIB Poised for a Short-Term Recovery Based on Recent Charts?

Yes, recent TradingView charts suggest a potential short-term recovery for SHIB, with an upward move on the hourly timeframe after breaking $0.00001010 resistance. If the price holds above $0.00001030 by the daily close, it could reach $0.00001050 soon. This sounds promising for traders seeking quick gains, though midterm risks persist if bearish trends dominate.

Key Takeaways

• Daily Decline Noted: SHIB down 0.26% to $0.00001044, mirroring market-wide red shift per CoinMarketCap.
• Hourly Bullish Breakout: Price surges post-$0.00001010 resistance, eyeing $0.00001050 if momentum sustains.
• Midterm Caution Advised: Bearish below $0.00001145; focus on support levels for consolidation or further drops.

Conclusion

In summary, the SHIB price today reflects ongoing volatility with a modest 0.26% drop amid a reddening market, as seen on CoinMarketCap. Hourly charts offer short-term optimism through resistance breakouts, while midterm analysis via TradingView points to bearish risks under $0.00001145. As Shiba Inu navigates these trends, staying attuned to hourly and daily developments will be crucial for investors—consider monitoring key supports for informed positioning in the evolving crypto landscape.