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SHIB price is trading around $0.00001305 and currently shows neutral short-term momentum after a false breakout at $0.00001319; expect sideways action near $0.000013–$0.00001320, with a potential test of $0.00001290 if the daily candle closes below resistance.
SHIB price near-term outlook: neutral, likely sideways between $0.000013 and $0.00001320.
False breakout at $0.00001319 suggests failure to sustain bullish momentum on hourly chart.
Short-term target on a failure: $0.00001290; confirmation needed above $0.00001320 for renewed upside.
SHIB price analysis: latest levels, momentum signals, and targets — read the short-term outlook and trading cues from COINOTAG.
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What is the current SHIB price outlook?
SHIB price is trading at approximately $0.00001305 and shows neutral momentum after a failed breakout at $0.00001319. The immediate scenario favors sideways trading in the $0.000013–$0.00001320 band, with a risk of a short-term pullback to $0.00001290 if the daily candle closes below resistance.
Some coins keep setting new local peaks, while others have returned to the red zone, according to CoinStats.
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SHIB chart by CoinStats
How is SHIB moving on shorter and longer timeframes?
On the hourly chart the meme coin retraced after a false breakout of the $0.00001319 resistance. If the daily candle closes near or below this resistance, the next immediate level to watch is $0.00001290. Data from CoinStats indicates recent weakness among several mid-cap tokens.
Image by TradingView
On longer timeframes the picture remains mixed. The price sits within yesterday’s bar, implying neither bulls nor bears have decisive control. Sideways trading in the $0.000013–$0.00001320 zone is the most likely near-term scenario unless a clear breakout or breakdown occurs.
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From a midterm perspective, buyers will likely wait for a confirmed resistance breakout above $0.00001320 before committing to a sustained upward leg. SHIB is trading at $0.00001305 at press time.
Image by TradingView
Frequently Asked Questions
What levels should traders watch for SHIB short-term?
Traders should monitor $0.00001319 as resistance and $0.00001290 as the immediate support target. A confirmed daily close above $0.00001320 would favor bulls; failure to hold $0.00001290 could signal further downside pressure.
How can I read the recent SHIB price action aloud for voice search?
SHIB is trading near one point three times ten to the minus five dollars, around $0.00001305, showing neutral momentum after a false breakout at $0.00001319; expect sideways movement unless a decisive breakout appears.
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Key Takeaways
Neutral near-term bias: SHIB is most likely to trade sideways between $0.000013 and $0.00001320.
Critical levels: Resistance at $0.00001319–$0.00001320; downside target $0.00001290 on a failed breakout.
Actionable insight: Wait for a confirmed daily close above $0.00001320 before adding long exposure; use $0.00001290 as a short-term risk level.
Conclusion
The SHIB price outlook is neutral-to-cautious: short-term momentum faded after a false breakout at $0.00001319, leaving the token to consolidate near $0.00001305. Monitor $0.00001320 for bullish confirmation and $0.00001290 for downside risk. COINOTAG will update this analysis as market signals evolve.
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