Shiba Inu (SHIB) price has risen 2.49% in the last 24 hours, trading at $0.00001014 amid bullish market control. Bulls are pushing after a bounce from $0.00000956 support, with potential for further gains if resistance at $0.00001017 holds.
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SHIB shows bullish momentum on hourly charts after false support breakout.
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Daily closure above $0.00001017 could target $0.00001025.
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On larger time frames, sideways trading likely between $0.000010 and $0.00001050, per CoinStats data.
Discover the latest Shiba Inu (SHIB) price analysis for 2025. Bulls dominate as SHIB rises 2.49%. Stay informed on key support and resistance levels to make smart crypto decisions today.
What is the Current Shiba Inu (SHIB) Price Movement?
Shiba Inu (SHIB) is experiencing upward momentum in the cryptocurrency market, with its price increasing by 2.49% over the past 24 hours to reach $0.00001014, according to data from CoinStats. This rise follows a false breakout below the local support level of $0.00000998 on the hourly chart, signaling renewed buyer interest. On broader time frames, SHIB has bounced from the key support at $0.00000956, though sustained growth may depend on accumulation phases.
SHIB chart by CoinStats
How Does SHIB Perform on Hourly and Daily Charts?
The hourly chart for SHIB reveals a clear upward trajectory after the recent false breakout of support at $0.00000998, indicating that sellers lacked conviction to push prices lower. Traders should monitor the daily candle closure relative to the resistance level of $0.00001017; a close at or above this threshold could propel SHIB toward the next zone of $0.00001025, as observed in recent TradingView analyses. Supporting this view, market data from CoinStats highlights increased trading volume during the rebound, underscoring bullish control at the weekend’s start.
Image by TradingView
From a midterm perspective, neither bulls nor bears appear to have the momentum for a dramatic shift, potentially leading to reduced volatility. This assessment aligns with patterns seen in similar meme coin movements, where consolidation often precedes clearer trends. Expert analysts, such as those cited in CoinStats reports, emphasize the importance of volume confirmation before expecting breakouts beyond current levels.
On the larger time frame, SHIB’s price action continues to ascend following the bounce from $0.00000956 support. However, bulls may require additional time to build strength for a decisive move upward. In the interim, sideways trading within the $0.000010 to $0.00001050 range seems the most probable scenario, allowing for accumulation without immediate pressure.
Image by TradingView
Overall, the current setup favors cautious optimism, with SHIB trading at $0.00001014 as of the latest updates. Historical data from platforms like TradingView shows that such support bounces have often led to 5-10% gains in the following days for SHIB, provided no major market-wide corrections intervene. This positions SHIB as a token to watch closely in the evolving crypto landscape.
Image by TradingView
Shiba Inu, launched in 2020 as an Ethereum-based token inspired by Dogecoin, has grown into one of the top meme coins by market capitalization, often exceeding $5 billion in value during peak periods. Its community-driven ecosystem, including the ShibaSwap decentralized exchange and NFT initiatives, contributes to its resilience. Recent on-chain metrics from sources like Etherscan indicate steady holder accumulation, which supports the observed price stability.
In the context of the broader market, where Bitcoin and Ethereum set the tone, SHIB’s performance reflects correlated bullish sentiment. According to CoinStats, weekend trading sessions have seen lighter volumes, yet SHIB has outperformed many altcoins with its 2.49% gain. This could be attributed to ongoing developments in the Shiba Inu ecosystem, such as bone token utility enhancements, though no specific announcements drove this particular uptick.
Traders focusing on technical indicators will note that the Relative Strength Index (RSI) for SHIB on the daily chart hovers around 55, indicating neutral to slightly bullish conditions without overbought signals. Moving averages, including the 50-day SMA at approximately $0.00000980, provide additional support below current prices. These factors, drawn from TradingView tools, suggest that SHIB remains in a constructive phase despite midterm consolidation expectations.
Frequently Asked Questions
What Factors Are Driving the Recent SHIB Price Increase?
The 2.49% rise in Shiba Inu (SHIB) price over the last 24 hours stems from a bullish rebound after testing support at $0.00000956, as reported by CoinStats. Increased buyer activity on hourly charts and overall market control by bulls at the weekend’s start have fueled this momentum, with no major sell-offs disrupting the uptrend.
Is SHIB a Good Investment in the Current Market?
Shiba Inu (SHIB) shows promise for short-term gains if it closes above $0.00001017 resistance, potentially reaching $0.00001025, based on TradingView patterns. However, midterm traders should prepare for possible sideways movement between $0.000010 and $0.00001050, as neither side dominates yet—always consider your risk tolerance and diversify in volatile crypto markets.
Key Takeaways
- Bullish Control: Market bulls are leading SHIB’s 2.49% gain, bouncing from key support levels per CoinStats insights.
- Resistance Watch: Daily closure above $0.00001017 could signal further upside to $0.00001025 on TradingView charts.
- Consolidation Likely: Expect sideways trading in $0.000010-$0.00001050 range; monitor volume for breakout cues.
Conclusion
In summary, Shiba Inu (SHIB) price analysis points to a positive short-term outlook with its recent 2.49% increase to $0.00001014, driven by support bounces and hourly chart strength as noted in CoinStats and TradingView data. While midterm SHIB chart patterns suggest potential consolidation, the absence of sharp volatility offers a stable entry for observers. As the crypto market evolves in 2025, keeping an eye on these levels could reveal opportunities—consider consulting financial advisors for personalized strategies.
