Shiba Inu (SHIB) May Face Further Declines After Failed Breakout and 200-Day EMA Rejection

• SHIB failed breakout at $0.000015, now vulnerable to $0.000012–$0.000010

• Retest and rejection at the 200-day EMA suggest bearish momentum.

• On-chain decline in Shibarium activity and low altcoin inflows increase downside risk.

SHIB price outlook: failed breakout above $0.000015 risks a drop to $0.000012–$0.000010. Read our SHIB price analysis for trading signals and risk management today.

• SHIB price analysis
• It gets worse

What is the SHIB price outlook?

SHIB price is facing increased downside risk after a failed breakout above $0.000015 and a swift rejection below the 200-day EMA. Near-term targets to monitor are $0.000012 as initial support and $0.000010 if selling accelerates.

How did the breakout fail and what does it mean?

SHIB briefly rallied out of a tightening wedge on rising volume, testing the key $0.000015 resistance. The move lacked sustained conviction and met heavy selling, producing a rapid reversal. This pattern forms a classic bull trap that exposes late buyers and can amplify downward momentum.

SHIB price analysis

After weeks of consolidation, SHIB broke higher on increased trading volume but could not hold the gains. The rejection above $0.000015 pushed price back under a critical trend line, signaling market hesitation. Daily closes remain the best confirmation tool for trend validation.

SHIB/USDT Chart by TradingView

A key long-term indicator, the 200-day EMA, was briefly reclaimed by bulls but the immediate rejection below this line is a bearish signal. If SHIB fails to close daily above $0.000014, probability increases that support at $0.000012 will be tested. A break beneath $0.000012 opens the path toward $0.000010.

How does the 200-day EMA affect SHIB?

The 200-day EMA often marks investor conviction. SHIB’s inability to hold above this moving average after a retest suggests weakness. Historically, unsuccessful retests of the 200 EMA have led to extended corrections, increasing the odds of a deeper pullback unless momentum returns quickly.

It gets worse

Macro conditions are not helping. Bitcoin is rangebound despite testing higher levels, and altcoins like SHIB rely on speculative inflows that have slowed. On-chain metrics show reduced activity on Shibarium, diminishing a key narrative for SHIB adoption and growth.

The failed breakout is a textbook bull-trap scenario that can trigger stop-loss cascades and pressure late entrants to sell. Market participants should prioritize risk management and watch volume-confirmed moves before assuming trend reversals.

Frequently Asked Questions

What are the immediate support and resistance levels for SHIB?

Immediate resistance sits at $0.000015 and $0.000014; support levels to watch are $0.000012 and $0.000010. Confirmation comes from daily closes and volume trends.

How can traders manage risk in a volatile SHIB market?

Use defined stop-losses, scale position sizes, watch daily closes above the 200-day EMA for bullish confirmation, and monitor Shibarium activity as a sentiment indicator.

Key Takeaways

• Failed breakout: A rejection above $0.000015 creates downside risk and a bull-trap scenario.
• 200-day EMA: Rejection under this trend line increases the probability of a deeper correction.
• Risk management: Watch daily closes, volume, and Shibarium activity; use prudent stop-losses and position sizing.

Conclusion

This SHIB price analysis shows the token is vulnerable after a failed breakout and rejection at the 200-day EMA. Traders should treat recent highs cautiously, monitor $0.000014–$0.000015 for confirmation, and keep an eye on Shibarium metrics for sentiment signals. COINOTAG will monitor developments and update coverage as on-chain and price data evolve.