Shiba Inu Drops 1.02% Amid Bullish Patterns and Technical Uncertainty

Shiba Inu's latest price was $0.00001229, down 1.02% in the last 24 hours. Crypto analyst Floratap identified an intriguing divergence pattern that could potentially catalyze a 500% price surge for SHIB, marking one of the most notable comebacks in its trading history. This pattern suggests that surpassing the $0.000017 mark could stimulate a bullish trend, propelling SHIB towards $0.0000263, with bulls ultimately aiming for as high as $0.000081. The divergence between SHIB’s flat price trajectory and increasing momentum indicators has injected optimism into the market, with key indicators like the relative strength index (RSI) and trading volumes hinting at a quiet accumulation stage often seen before significant crypto market rallies.

Market analyst Lingrid highlights SHIB’s stability above a crucial support level, showcasing strong buyer resilience. This buttresses the short-term bullish outlook for SHIB by deterring further declines. Lingrid pointed out that price movement suggests that bulls are poised to push prices higher as long as the support level is maintained. A breakout above the resistance zone could target the $0.00001350–$0.00001400 area. Such analysis hints that Shiba Inu may be moving from a correction phase to accumulation, with the break from its descending channel indicating strength and the ongoing consolidation potentially setting the stage for a rally.

On September 1, crypto analyst Javon Marks shared a bullish outlook for Shiba Inu, explaining that SHIB confirms a bullish pattern in a regular bull divergence with the MACD Histogram. This suggests a major bullish reversal back to the upside, which can consist of an over 163% move back into the $0.00003s, and that may only be the start. He went even further, noting that if the breakout structure holds, the move could extend into a massive 570% run toward $0.000081, a level close to its previous breakout target. For now, Shiba Inu’s price continues to consolidate above the key $0.000012 demand zone, a level it has defended since mid-August. Whale wallets have been quietly accumulating during this period, hinting at confidence from larger holders. Still, the on-chain picture isn’t entirely bullish, since August 17, the exchange net position change has been negative, meaning more SHIB is flowing off exchanges than onto them. While this sometimes signals investor caution or profit-taking, it can also reduce available supply, adding another layer of complexity to SHIB’s current setup.

The $0.000012 zone is a key area of interest with a large portion of SHIB holdings accumulated around this price in recent months. That makes it a key demand zone, and bulls will need to hold the line here if they want to fuel a rally in the weeks ahead. Right now, price action has tightened into a narrow consolidation channel between $0.000012 and $0.000014. But there’s a catch: if SHIB loses its footing at $0.000012, analysts caution that it could drop as much as 15%, sliding back down toward its range lows near $0.0000106. The project’s maximum supply is capped at 999,982,338,927,672 SHIB, with the current supply sitting at about 589.2 trillion SHIB. Out of this, more than 4.55 trillion SHIB are staked as xSHIB. On the flip side, the burn rate has slowed sharply, dropping by 97.15% over the past 24 hours, with only 69,808 SHIB burned. Despite the dip, SHIB has been part of the market recovery, fueled by rising expectations that the Federal Reserve could finally announce rate cuts at its September 17 meeting. A move like that would lower borrowing costs, improve liquidity, and generally boost appetite for risk assets, from stocks to cryptocurrencies. And in that kind of environment, speculative tokens like SHIB often stand to benefit the most. Analysts are betting heavily on that upside. Market watcher Javon Marks has voiced optimism, while others went as far as projecting a 17x surge. Running the math, that would mean a jump from around $0.000012 to $0.00023, a staggering 1,749% rally.

Shiba Inu formed a daily death cross as the 50-day moving average crossed beneath the 200-day MA, signaling weakened momentum and renewed downside risk for SHIB. Traders view this technical crossover as bearish until price decisively breaks above the long-term moving average near $0.000014. The daily 50 MA crossed below 200 MA, and SHIB is trading near $0.00001227 after mixed signals from an August golden cross. The previous golden cross in August had initially suggested a bullish trend, but the recent death cross indicates a shift in momentum. This technical pattern is often seen as a bearish signal, and traders are closely monitoring the situation to see if SHIB can regain its footing above the $0.000014 level. The death cross is a significant event in technical analysis, as it suggests that the short-term moving average is now below the long-term moving average, indicating a potential trend reversal. Traders are cautious and are waiting for a decisive break above the $0.000014 level to confirm a bullish reversal. Until then, the bearish sentiment prevails, and SHIB faces renewed downside risk. The market is closely watching SHIB’s price action to see if it can overcome this technical hurdle and resume its upward trajectory. The death cross is a reminder of the volatility and unpredictability of the cryptocurrency market, and traders are advised to exercise caution and stay informed about the latest developments. The technical analysis of SHIB’s price action is crucial for understanding the market sentiment and making informed trading decisions. The death cross is a significant event that requires close monitoring, and traders should be prepared for potential price movements in either direction. The market is dynamic, and SHIB’s price action will continue to evolve based on various factors, including technical indicators, market sentiment, and external events. Traders should stay vigilant and adapt their strategies accordingly to navigate the ever-changing landscape of the cryptocurrency market.

The Shiba Inu community recently executed a significant token burn, removing approximately 20.3 million SHIB tokens from circulation. This deliberate reduction in token supply forms part of ongoing community-driven efforts aimed at influencing the project's ecosystem dynamics. The burn activity on September 6th represents a continuation of strategies designed by supporters to manage the circulating supply.

Simultaneously, Shiba Inu finds itself navigating a period of market consolidation amid conflicting technical signals. Analysis indicates a significant technical development occurred with the emergence of a golden cross pattern in early September 2025, typically interpreted as a long-term bullish signal. However, this was closely followed by the formation of a death cross shortly afterwards, creating a contradictory technical outlook. This clash of indicators points to substantial uncertainty regarding SHIB's immediate market trajectory, leaving traders closely monitoring for clearer breakout signals.

Consequently, Shiba Inu is currently described as being trapped within a consolidation phase, caught between conflicting bullish and bearish market pressures. Projections beyond the immediate consolidation period often emphasize the importance of future improvements in utility and broader ecosystem developments. While specific price targets are excluded from this analysis, many future outlooks generally reference the potential for consistent growth contingent upon tangible advancements in the network's functionality and adoption.