Shiba Inu Holds Above $0.000010 Amid AI Hype, 14.02% Monthly Loss

The Shiba Inu price has demonstrated resilience, maintaining its value above the critical level of $0.000010 despite recent negative price movements. This stability indicates strong buying interest around this price point and suggests a potential bullish reversal if the memecoin successfully retests this level. The recent tease by Shytoshi Kusama, a core developer of the Shiba Inu project, about AI developments within the ecosystem has added to the optimism. In a post on X, Kusama hinted at a series of announcements and releases related to AI, which could act as a catalyst for the Shiba Inu price, potentially driving a strong bullish reversal in the near future.

The Shiba Inu token has formed a triangle pattern on its price chart, trading within this formation since April 2025. Despite losing approximately 4% in the last seven days and 14.02% over the past month, the token has consistently failed to breach its watch zone around the $0.0000120 mark. The Bear Bull Power (BBP) indicator has been predominantly negative since mid-June, signaling strong selling pressure. However, the declining intensity of the red bars suggests that the bearish momentum is reducing, although a strong reversal is not yet visible.

The Relative Strength Index (RSI) is currently at 40.34, indicating a slightly bearish momentum. The recent attempt by the RSI to rise above its moving average (yellow line) suggests a weakening bearish trend. If the RSI level rises above 50, it may indicate growing buying pressure. If market sentiment favors the bulls, the Shiba Inu price could retest its resistance trendline of the triangle pattern this week. Increasing positive sentiment may push the value toward its important resistance level of $0.00001320 in the upcoming period.

Conversely, if the bears outrun the bulls, the price of the SHIB memecoin may retest its immediate important support trendline of $0.000010150. In an extreme bearish scenario, the SHIB coin price could retest its low of $0.00000925, which was last recorded on February 21, 2024. The potential AI updates teased by Shytoshi Kusama could significantly impact market sentiment, potentially driving the price towards the resistance levels. However, the actual impact will depend on the specifics of the announcements and the market's reaction to them.