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Shiba Inu (SHIB) Hovers Near Key Resistance at $0.00001470

Coin WorldFriday, May 2, 2025 6:00 am ET

2min read

Shiba Inu (SHIB) entered May 2025 trading around the $0.00001340 zone, showing signs of consolidation after a mild recovery from April lows. The price is currently hovering near a key descending resistance line, with market participants eagerly awaiting a decisive breakout or breakdown. The weekly Fibonacci retracement, which spans from the $0.00003343 high to the $0.00001080 low, provides key zones of interest. These include the 0.382 Fib at $0.00002478, the 0.5 Fib at $0.00002212, and the 0.618 Fib at $0.00001945, which is the current ceiling zone. SHIB has been trading below the 0.618 Fib level for several weeks, struggling to gain bullish momentum. Any sustained move above $0.00001950 could open the door to revisit the $0.000022 and $0.000024 areas. Conversely, if it fails to hold above $0.00001300, a return to the $0.00001100–$0.00001080 support zone becomes likely.

On the daily chart, SHIB is currently testing the upper boundary of a descending triangle formation. Key zones include support at $0.00001200–$0.00001280 and resistance at $0.00001450–$0.00001470. Despite weak volume, SHIB is attempting higher lows, forming a coiling pattern. A successful daily close above $0.00001470 could invalidate the bearish triangle and trigger a breakout toward the $0.00001580 and $0.00001720 resistance zones. Failure to hold above the $0.00001280 pivot could result in a deeper pullback toward $0.00001100.

In the 4-hour chart, SHIB is moving within a narrowing wedge pattern. Trendlines are converging near the $0.00001460 zone, making it a key breakout level. The green support cluster between $0.00001280 and $0.00001320 has held well across multiple retests. Breakout confirmation above $0.00001470 could lead to short-term targets at $0.00001580 and $0.00001660, while failure to break higher may result in consolidation or breakdown toward $0.00001250.

The EMA and RSI analysis on the 4-hour chart shows that SHIB is hovering slightly above the 20 and 50 EMAs but still below the 100 and 200 EMAs. A bullish crossover above all key EMAs would reinforce a breakout narrative. The RSI is currently at 48, suggesting neutral momentum. A push above 55 would reflect strengthening bullish interest. Bollinger Bands are tightening on the 4H chart, indicating a volatility squeeze. SHIB is trading near the middle of the bands, signaling a potential expansion move. Both the MACD and signal line are close to the zero mark. A bullish crossover would offer early confirmation of upward momentum.

SHIB appears to be nearing a decision point as May unfolds. The price is compressing against a descending resistance line, suggesting a breakout may be approaching. A clean push above $0.00001470—especially with increasing volume—could spark a short-term rally toward $0.000017 levels. However, lack of momentum or broader crypto weakness could cause SHIB to fall back into its support range between $0.00001200 and $0.00001300. Until a breakout is confirmed, the token is likely to stay range-bound within this narrow band. Traders should monitor volume and RSI changes closely for clues on the next move.

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