Shiba Inu (SHIB) price is back in the spotlight—but for the wrong reasons. After weeks of steady decline, the memecoin is now hovering dangerously close to key support levels. With traders growing restless and volatility picking up, all eyes are on whether SHIB price will stage a rebound or plunge even deeper. A closer look at the daily chart reveals oversold signals, fading momentum, and crucial zones that could decide the next big move. Is this the calm before a bullish comeback—or the start of a steeper crash? Let’s break down the chart and uncover what’s next for SHIB price .
Shiba Inu (SHIB) price is currently trading around $0.00001086 , following a consistent downtrend since its recent high near $0.00001400. The chart uses Heikin Ashi candles, which smooth out price action and help confirm trends—right now, those candles are almost entirely red, signaling persistent bearish pressure.
But here’s where things get interesting. The Relative Strength Index (RSI) is flashing a major signal. With the 14-day RSI sitting at 24.71, SHIB price is deep in oversold territory (below 30), suggesting a potential reversal could be near. Historically, SHIB has seen short-term rebounds every time RSI fell under 30, although the strength of the rebound depends on broader market sentiment.
Let’s examine the nearest support and resistance levels from the chart:
We’ve seen Shiba Inu price bounce from this $0.00001070–$0.00001080 range before, and the current RSI makes a case for another short-term bounce. If this support breaks, however, a retest of $0.00000800 looks likely—a 26.33% drop from current price.
Calculation:
Downside target = (0.00001086 - 0.00000800) / 0.00001086 = ~26.33% drop
For bulls to regain control, SHIB price needs a strong daily close above $0.00001250 , which would break the recent lower high pattern. That would open the door to retest the $0.00001400 range—roughly a 29% upside from current levels.
Calculation:
Upside target = (0.00001400 - 0.00001086) / 0.00001086 = ~28.95% rise
But without strong volume or a catalyst, any bounce from the oversold RSI might just be a “dead cat bounce.”
Yes—and strongly so. The Heikin Ashi candles show no upper wicks, which indicates one-sided bearish momentum. Additionally, the RSI’s 14-period moving average (yellow line) is trending down, which means bulls have not shown any sustained buying interest.
Until that RSI crosses above 30 and breaks the moving average, buyers will likely remain cautious.
There are two key scenarios:
Bearish Scenario:
Bullish Scenario:
If you're a short-term trader, watch the RSI closely. A rebound above 30 could offer a quick 20–30% upside move. But without a trend reversal confirmed by price structure and volume, long-term buyers should remain cautious. A break below $0.00001070 could trigger a steep fall toward the $0.00000800 level. Oversold bounce possible, but momentum remains bearish. Shiba Inu price needs to reclaim $0.00001250+ to turn bullish again .
If you’re looking to buy Shiba Inu (SHIB), Bitget is one of the top platforms to consider. Here’s what makes it a great choice:
Here’s how you can quickly get started with buying Shiba Inu on Bitget:
1. Create an Account
Sign up using this referral link to unlock your welcome bonus:
https://partner.bitget.com/bg/cryptoticker
2. Complete KYC Verification
Verify your identity by uploading the required documents. This helps keep your account safe and compliant.
3. Add Funds
Deposit money using options like credit/debit card, bank transfer, or crypto transfer—Bitget supports a variety of methods.
4. Access the Trading Dashboard
Navigate to the trading section and search for the SHIB/USDT pair. You can also just type "SHIB" into the search bar.
5. Buy SHIB
Enter the amount you want to invest, review the order, and confirm the transaction. Your SHIB tokens will appear in your wallet instantly.
$SHIB, $ShibaInu