SHIB price is trading at $0.00001294 and is under near-term seller pressure, testing support at $0.00001273. Low volume and a wide trading channel between $0.00001173 and $0.00001428 suggest continued sideways action unless a decisive breakout occurs.
-
SHIB price $0.00001294 — testing $0.00001273 support (24h change: -2.32%).
-
Range trading likely between $0.000012 and $0.000014 on low volume.
-
Midterm channel: support $0.00001173, resistance $0.00001428; volume indicates limited momentum.
SHIB price: Shiba Inu (SHIB/USD) falls to $0.00001294, testing $0.00001273 support. Read concise market analysis and trading-range outlook on COINOTAG—see latest update.
What is the current SHIB price outlook?
SHIB price is in a short-term downtrend, trading at $0.00001294 and probing the immediate support at $0.00001273. Low trading volume and a visible midterm channel suggest the near-term outlook favors sideways movement within $0.000012–$0.000014 unless volume increases.
Why is SHIB under pressure today?
Market data from CoinStats indicates sellers dominated toward the end of the week, producing a 2.32% 24‑hour decline. TradingView chart analysis shows price action near hourly support with limited momentum, which signals low probability of a sharp move in the next 24 hours.
The end of the week is under sellers’ pressure, according to CoinStats.
SHIB chart by CoinStats
How close is SHIB to support and what happens next?
On the hourly chart, SHIB is near the support of $0.00001273. If the price fails to bounce by the end of the day, traders should prepare for a further correction toward the $0.00001250 range.
Image by TradingView
On the larger timeframe, SHIB sits in the middle of a wide channel bounded by a lower support at $0.00001173 and resistance at $0.00001428. With neither bulls nor bears dominating, sharp directional moves are unlikely before the next market catalyst.
Image by TradingView
From a midterm perspective, volume remains low, which historically correlates with continued sideways trading. The most probable scenario over the coming days is consolidation in the $0.000012–$0.000014 range.
Image by TradingView
SHIB is trading at $0.00001294 at press time.
Summary table: SHIB key levels and metrics
| Metric | Value |
|---|---|
| Price (current) | $0.00001294 |
| 24‑hour change | -2.32% |
| Immediate support | $0.00001273 |
| Further support | $0.00001173 |
| Resistance | $0.00001428 |
| Expected near-term range | $0.000012–$0.000014 |
Frequently Asked Questions
What support levels should traders watch for SHIB?
Watch immediate support at $0.00001273 and secondary support at $0.00001173. A break below these levels on higher volume would increase the probability of further downside.
How likely is a breakout for SHIB this week?
With current low trading volume, a decisive breakout is unlikely in the short term. Volume expansion above average is generally required to confirm breakout momentum either above $0.00001428 or below $0.00001173.
Key Takeaways
- Price action: SHIB trades at $0.00001294, testing $0.00001273 support.
- Volume: Low volume suggests limited momentum and range-bound trading.
- Action: Monitor volume and price relative to $0.00001428 resistance for directional confirmation.
Conclusion
This analysis shows SHIB price in a consolidation phase between $0.00001173 and $0.00001428, with a short-term test of $0.00001273. Traders should prioritize volume and level-based risk management. For continuous updates and chart monitoring, consult COINOTAG market pages and official exchange data.
Published by COINOTAG — Updated: 2025-08-24
