Shiba Inu Drops 0.01% Despite Bullish Rally

In the past 24 hours, Shiba Inu (SHIB) has experienced significant price fluctuations as market dynamics shifted. Currently, SHIB is trading at $0.00001355, reflecting a 0.01% decline. Despite this minor dip, SHIB maintains a strong market capitalization of $7.88 billion, indicating a robust bullish rally in the crypto world. However, many market participants remain cautious about the optimal time to invest in SHIB.

On April 30, 2025, the SHIB trading day began with a brief rise. At 01:00 UTC, a pin bar formed and tested resistance at $0.00001353 before pulling back to $0.00001330. A Death Cross on moving crossovers at 01:15 UTC confirmed this price decline. Support was found at 01:45 UTC, pushing the price upward. Later, at 05:05 UTC, a doji bar formed, followed by a key bar and a full-body red candle, indicating a potential trend reversal. As expected, a short-term bearish momentum took over, pushing SHIB to $0.00001327. At 07:45 UTC, support was found at $0.00001327, and a bullish momentum ensued.

At 11:30 UTC, an RSI overbought condition hinted at a potential trend reversal. A pin bar formed at $0.00001353 at 12:05 UTC, signaling a potential downtrend. As expected, at 12:40 UTC, the price experienced a sharp fall, breaching a breakdown and declining to a low of $0.00001280. A Death Cross on moving crossovers at 12:10 UTC endorsed this downfall. However, at 13:50 UTC, an RSI oversold condition was encountered, signaling a potential trend reversal. At 13:55 UTC, support was found at $0.00001280, triggering an upward movement. A Golden Cross on MACD at 14:10 UTC confirmed this upward trend.

Conversely, at 18:15 UTC, SHIB price resisted at $0.00001327 and dipped to $0.00001311. At 19:30 UTC, support was found, and the price peaked at $0.00001338 at 20:35 UTC. At 20:25 UTC, the RSI indicator entered the Overbought zone, hinting at a possible downtrend. As expected, the price movement resisted at $0.00001338, experienced a short-term bearish trend, and closed at $0.00001324.

On May 1, 2025, SHIB's price started to move in an upward trajectory. However, at 02:00 UTC, a Death Cross on MACD aligned with the RSI overbought zone, signaling a bearish momentum. As expected, at 02:25 UTC, a pin bar formed as a signal bar, followed by a full-body red candlestick, hinting at a trend reversal. At $0.00001345, the price resisted and pulled back to $0.00001321 at 04:20 UTC. Later, support was found, pushing the price upward and leading to a breakout. A Golden Cross on MACD at 04:50 UTC asserted this upward momentum.

In today’s SHIB price analysis, Shiba Inu is projected to undergo a notable upward trajectory. This strongly suggests that bullish momentum is approaching. In a possible scenario, if the price movement continues its uptrend, it could exhibit a bullish trend. In case it fails in its breakout attempt, SHIB could be pulled back and enter the phase of consolidation or experience a steep decline. Therefore, to find the right moment to invest in SHIB, it is crucial to monitor the key levels and make an informed decision when trends shift.