Shiba Inu Faces Critical Support Test Amid Volatility

Shiba Inu (SHIB) has experienced significant volatility, mirroring the broader altcoin market trends. As of June 12, 2025, SHIB is trading at $0.00001274 on the hourly chart and $0.00001281 on the daily chart. These charts indicate a critical juncture where SHIB must defend key support levels or risk further corrections.

On the hourly chart, SHIB recently hit a low of $0.00001260 and rebounded slightly, forming a potential double-bottom pattern just above key support. The current price action is hovering around the 20-hour Simple Moving Average (SMA), which is slightly below $0.00001285. A decisive close above this moving average would signal a short-term bullish reversal. The Heikin Ashi candles show fading bearish momentum as the latest red candles are shrinking, indicating that sellers are losing control. The price has started testing the resistance at $0.00001285 again. If bulls manage to push SHIB above $0.00001291 (the 50-hour SMA), the next upside target would be the confluence zone between $0.00001309 and $0.00001331. For this bounce to be validated, volume confirmation and a retest of $0.00001300 as support will be crucial. A 2% gain from here puts Shiba Inu price at $0.00001300, while a 5% surge pushes it to $0.00001338.

Zooming out to the daily chart, the broader picture looks more bearish than bullish. SHIB price has been on a steady downtrend since May, failing to break past the 50-day SMA near $0.00001391. The current candle is showing rejection from the 20-day SMA, suggesting that the downtrend is still active unless a strong breakout occurs. The support level of $0.00001276 has held well over the past week, acting as a base. If this support cracks, Shiba Inu price could decline toward the next major horizontal support near $0.00001150, which would imply a further 10% drop. However, a rebound from here could form a higher low structure. If SHIB price reclaims the $0.00001330 level (just above the 100-day SMA), the sentiment may flip bullish again. That would pave the way toward $0.00001400 and potentially even $0.00001700, where the 200-day SMA currently lies.

Let’s do some quick upside and downside calculations based on chart levels. The upside potential from the current price ($0.00001281) to resistance at $0.00001391 is an 8.58% gain. The downside risk to support at $0.00001150 is a 10.23% loss. This makes the current risk-reward ratio slightly unfavorable unless Shiba Inu price breaks $0.00001330 convincingly. If it does, the reward could increase significantly, changing the outlook.

Technically, SHIB price is at a make-or-break level. The price structure is consolidating just above long-term support, while moving averages are starting to flatten. This often precedes a trend reversal or a strong breakdown. If SHIB gains momentum and reclaims the 50-day SMA, buyers may regain confidence. On the other hand, sustained trading below $0.00001260 could accelerate the sell-off.

Shiba Inu price is currently stuck between a weakening bearish grip and a potential bullish breakout zone. The key level to watch is $0.00001330 on the daily chart and $0.00001291 on the hourly chart. If these are cleared, SHIB price could rally by 8–10% in the near term. However, if the support at $0.00001260 fails, we might see a swift move down to $0.00001150. Investors should keep an eye on volume and trendline rejections for confirmation before entering any trades. Patience is key, and SHIB’s next big move could be right around the corner.