SHIB price is under renewed selling pressure, trading around $0.00001034 as of publication. Short-term technicals show support at $0.00001022 and $0.00000950, while resistance sits near $0.00001145; the outlook remains bearish for SHIB unless bulls reclaim that mirror level.
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SHIB near short-term support: $0.00001022
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Immediate resistance to watch: $0.00001145 (mirror level)
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Current price: $0.00001034; potential drop to $0.00000950 if daily close remains below current levels
SHIB price update: SHIB trading at $0.00001034 with bearish momentum—track support at $0.00001022 and resistance at $0.00001145 for trade signals. Read more.
Author: COINOTAG | Published: 2025-10-14 | Updated: 2025-10-14
Bears have regained control after a brief rebound, according to CoinStats and chart analysis from TradingView. Overall momentum favors sellers unless a decisive daily close above the mirror level removes near-term downside risk.
SHIB chart by CoinStats
How is SHIB price performing today?
SHIB price is trading around $0.00001034 and has fallen nearly 5% since yesterday, signaling renewed bearish pressure. Price action shows SHIB approaching a short-term support at $0.00001022; failure to hold this level increases the probability of a further decline toward $0.00000950.
What are SHIB’s support and resistance levels?
Technical indicators on hourly and daily charts indicate immediate support at $0.00001022 and a stronger midterm support near $0.00000950. On the upside, the key mirror resistance is at $0.00001145. These levels are derived from recent swing highs and lows visible on TradingView chart overlays as noted in on-chain and exchange price feeds.
Image by TradingView
On the hourly timeframe, momentum has shifted to the downside after sellers pushed the price closer to local support. If buyers cannot seize the initiative, a breakout below $0.00001022 would likely accelerate the correction. Trading volume during this pullback has been higher than the preceding consolidation, which supports the bearish interpretation.
Image by TradingView
From a longer-term perspective, bulls remain on the defensive. The daily candle structure suggests that unless SHIB closes daily above the mirror level of $0.00001145, the medium-term trend will remain bearish. Market observers referencing CoinStats data have highlighted that similar setups historically favor downside continuation until momentum indicators shift.
If the daily candle closes at or below current prices, expect risk of a move to the $0.00000950 region. Conversely, a sustained daily close above $0.00001145 would be the first technical signal bulls need to target a trend reversal.
Image by TradingView
Frequently Asked Questions
Is SHIB likely to break below $0.00001022 today?
Short-term momentum favors sellers, making a break below $0.00001022 plausible if volume remains elevated and buyers do not step in. A confirmed break would open downside targets near $0.00000950 based on recent swing lows and support clusters.
How should I set stop-loss and take-profit for a SHIB trade?
For a short trade, place a stop-loss above the mirror resistance at $0.00001145 and target $0.00000950 for take-profit, adjusting for position size and risk tolerance. For longs, consider waiting for a daily close above $0.00001145 before entering, with a stop-loss below $0.00001022.
Key Takeaways
- Immediate support: $0.00001022 — a break risks further decline.
- Key resistance: $0.00001145 — daily close above this level needed to shift the bias.
- Actionable insight: Manage risk with stops and wait for confirmation; treat current setup as bearish until proven otherwise.
Conclusion
SHIB remains under pressure at $0.00001034 with clear short-term support at $0.00001022 and a decisive mirror resistance at $0.00001145. Data from CoinStats and chart observations on TradingView indicate a higher probability of further downside unless bulls reclaim the resistance on a daily close. Monitor volume and daily closes for confirmation, and adjust positions accordingly. COINOTAG will continue tracking price action and updating readers as the market evolves.
