SHIB Near $0.00001063 Support; May Fall Toward $0.000009 Range if Weekly Candle Closes Below $0.00001145

• SHIB price near $0.00001068 with support at $0.00001063 and resistance at $0.00001145.

• Daily volume remains muted, suggesting consolidation rather than a directional move.

• Short-term risk: weekly close below $0.00001145 could target ~$0.000009; upside needs a clear weekly close above $0.00001145.

SHIB price update: SHIB/USD trades at $0.00001068 after a 3% gain; support $0.00001063, resistance $0.00001145. Read COINOTAG analysis and key levels.

What is SHIB/USD doing now?

SHIB/USD is consolidating around $0.00001068 after a 3% intraday advance, with CoinMarketCap reporting renewed buyer interest. Price action is contained between immediate support at $0.00001063 and resistance near $0.00001145; volume is low, so traders should watch weekly closes and volume for confirmation of the next directional move.

Published: 2025-10-15 | Updated: 2025-10-15 | Author: COINOTAG

Buyers are not going to give up easily, according to CoinMarketCap.

Top coins by CoinMarketCap

How is SHIB performing on short- and mid-term charts?

On the hourly chart, SHIB has found short-term support at $0.00001063. If that level breaks on intraday momentum, the next technical target is the $0.00001050 zone, which could be reached within 24 hours under continued selling pressure. Conversely, buyers will need a close above $0.00001145 to signal renewed upside interest.

Image by TradingView

The midterm technical picture remains cautiously bearish. Weekly price action shows limited conviction: the trading range has tightened and average volumes have declined, indicating that neither side currently controls the market. This low-volume consolidation increases the importance of a decisive weekly close—an event that often determines the next leg of a trend.

Image by TradingView

COINOTAG senior market analysis notes: “Volume is the key signal here. Without volume validation, swings will likely stay range-bound. A breakout must be confirmed by above-average buying volume to avoid a false move.” This assessment aligns with on-chain sentiment measures and recent order-book activity reported across major aggregators.

From the longer-term viewpoint, if the weekly candle closes well below $0.00001145, the path of least resistance points toward the $0.000009 area. That level historically acted as a consolidation band in prior months and would be the nearest significant cluster where buyers might re-emerge decisively.

Image by TradingView

At press time, SHIB is trading at $0.00001068. Market participants should monitor volume and weekly candle behavior to gauge the validity of any breakout or breakdown. Technical indicators currently provide mixed signals; momentum oscillators show muted readings while support/resistance levels remain the most actionable information for traders and risk managers.

Frequently Asked Questions

Is SHIB likely to break below $0.00001063 today?

Short-term risk exists for a break below $0.00001063 if selling accelerates, but the probability is tied to volume and broader market moves. With current low volumes, a decisive move is less likely without a major macro catalyst or a spike in trading activity.

How should traders react to a weekly close above $0.00001145?

If SHIB posts a clean weekly close above $0.00001145 with rising volume, traders can consider a measured long approach, using the breakout level as initial support and managing risk with stops below that level. Position sizing should reflect overall volatility and portfolio risk tolerance.

Key Takeaways

• Support and resistance: SHIB currently trades between $0.00001063 (support) and $0.00001145 (resistance).
• Volume matters: Low trading volume suggests consolidation; a volume-backed weekly close will provide directional confirmation.
• Risk management: Traders should use the $0.00001145 weekly close and the $0.00001063 intraday support as reference points for entries and stops.

Conclusion

The SHIB price outlook is range-bound for now, with critical levels at $0.00001063 and $0.00001145 defining near-term risk and reward. COINOTAG analysis emphasizes volume and weekly candle behavior as the decisive factors for the next trend. Market participants should monitor these technical levels and adjust positions accordingly while awaiting clearer market conviction.