Shiba Inu Trapped at Key Resistance Amid Bullish and Bearish Crossroads

Shiba Inu (SHIB) is currently encountering a key resistance level at $0.00001347, a point that could determine its near-term trajectory. This level aligns with the 200-day EMA (~$0.00001428), making it a critical juncture for bulls aiming to regain upward momentum. The price is also constrained by a descending trendline that has been capping its movement since late July [1].

A successful breakout above this resistance, particularly with a strong daily close beyond $0.00001430, could trigger bullish sentiment and push SHIB toward $0.00001550, with $0.00002000 as a potential long-term target. This would require sustained volume and a confirmation that buyers are willing to absorb the resistance [1]. Conversely, a failure to hold above key support levels—particularly the 50-day EMA ($0.00001208) and the 100-day EMA ($0.00001272)—could result in a significant pullback. In such a bearish scenario, SHIB may retreat to the $0.000009 range, representing a sharp decline in value [1].

The Relative Strength Index (RSI) currently stands at 54, indicating that SHIB is in neutral territory. This suggests neither overbought nor oversold conditions, and that the market is awaiting a decisive move before committing to a direction. Low trading volumes in recent sessions have added to the uncertainty, as they suggest a lack of conviction among traders [1].

Market analysts have highlighted that the next few sessions will likely define SHIB’s near-term path. If the price remains trapped between these critical levels, the eventual breakout—whether bullish or bearish—could be more pronounced due to the buildup of pressure. Investors are advised to monitor these levels closely as the asset remains in a state of equilibrium. A strong break above the 200-day EMA with rising volume could signal a shift in market psychology toward bullishness, while a breakdown below key EMAs would likely lead to further downside [1].

Source:

[1] Shiba Inu (SHIB) Faces Critical Resistance: Potential Paths Toward $0.00002 or Significant Decline August 10, 2025 (https://en.coinotag.com/shiba-inu-shib-faces-critical-resistance-potential-paths-toward-0-00002-or-significant-decline/)