Shiba Inu Consolidates Near $0.00001236 Amid Key Resistance and Liquidity Zones

Shiba Inu (SHIB) is currently consolidating near $0.00001236 after bouncing off the $0.00001150 support zone earlier in the week. The price remains below key trendline resistance but is holding just above its short-term VWAP band and testing the midpoint of a critical liquidity zone. Bulls are attempting to build a base for a potential breakout, but upward momentum is constrained by overhead EMA resistance and historical order blocks [1].

On the weekly timeframe, SHIB is trapped below a descending trendline from the 2024 highs, with the current price near the 0.236 Fibonacci retracement at $0.00001214. The broader structure shows compression between long-term support at $0.00001026 and resistance at $0.00001444. While SHIB continues to hold higher lows since early Q2, indicating a base formation, a bullish shift would require a breach of the 0.382 Fib zone ($0.00001890) and a break above the descending trendline. On-chain metrics, including the On-Balance Volume (OBV), remain flat, reflecting ongoing indecision in the market [1].

Price action today is influenced by trendline rejection and a resistance cluster overhead. On the 4-hour chart, SHIB struggles to break past the PE1 M pivot near $0.00001228, which has been tested multiple times without conviction. The failure to surpass this level has created a short-term ceiling, limiting upward momentum. The Supertrend on the daily timeframe remains bearish at $0.00001444, and the Parabolic SAR has flipped above price, reinforcing a downside bias in the current session [1].

Market structure also reflects mixed signals. The Smart Money Concepts (CHoCH/BOS) indicator indicates that SHIB has yet to reclaim bullish market structure decisively, as the latest BOS remains unconfirmed below the key supply block near $0.00001312. On the DMI indicator, -DI (25.68) is slightly leading +DI (25.63), with a weak ADX of 14.34, further emphasizing the indecisive tone [1].

Technical indicators suggest a period of compression. Bollinger Bands on the 4-hour chart are tightening between $0.00001191 and $0.00001256, pointing to a potential volatility breakout. Price is sandwiched within a narrow range and faces confluence resistance from the 20/50/100/200 EMA cluster between $0.00001225 and $0.00001300. A clean break above this cluster is required to invite fresh bullish positioning. RSI on the 30-minute chart stands at 56.08, just above neutral, and price remains in contact with the session VWAP, supporting the thesis of near-term compression without strong directional bias [1].

On-chain flow data also reflects caution. The latest spot netflow shows a mild outflow of $322.14K on August 7, reinforcing the cautious mood among investors. While not extreme, the consistent presence of red bars across recent weeks highlights ongoing sell-side activity that continues to limit upward traction [1].

Looking ahead, SHIB is expected to trade between $0.00001200 and $0.00001290 in the next 24 hours. A bullish breakout would require a break above the EMA confluence zone and a flip of the Supertrend, ideally reclaiming the $0.00001312 liquidity zone. If rejection continues near the $0.00001260–$0.00001290 region, SHIB risks rolling over toward $0.00001144 and possibly $0.00001068, where previous demand has stepped in. With RSI neutral, Bollinger Bands tightening, and SAR signaling pressure, SHIB remains in a critical phase where a minor catalyst could trigger a breakout or breakdown [1].

Source:

[1] Shiba Inu (SHIB) Price Prediction for August 8, 2025. https://coinedition.com/shiba-inu-shib-price-prediction-for-august-8-2025/