Shiba Inu Price Analysis: SHIB May Dump 30% Before Massive Rally

Shiba Inu price analysis: The price of SHIB increased by 1.1% in the last 24 hours to trade around $0.00001662 during European business hours on Wednesday. The uptick in price comes amid a general market upturn caused by Bitcoin price recovery. Shiba Inu was one of the most affected crypto assets during Bitcoin’s crash in price.

Shiba Inu Price Analysis: Hints Pain Before Profit

SHIB’s price broke out of a descending triangle on June 14, dropping all the way to $0.00001266. Nevertheless, following the general market recovery, the meme coin is up 32% from its recent low.

The Shiba Inu coin price action is trending below the 2-day, 50-day, and 200-day simple moving averages (SMA), which is not bullish for the asset. Right below the recent low is a zone of market imbalance that must be filled before the asset’s price can fully engage a reversal. 

The price action of SHIB is near the 21-day SMA, which has been acting as a resistance level for the past 33 days. A break above this indicator may result in further upside movement to the 200-day and 50-day SMA, which are clustered together. As such, the Shiba Inu price prediction shows that $0.0000168 to $0.0000195 may be one of the toughest resistance zones the SHIB price may face. A break above this zone may catapult the SHIB price to $0.0000336, with further occasional resistance around $0.0000236 and $0.00002998.

To fill the fair value gap (FVG) around $0.000011, SHIB price may have to drop by 30% from its current price. However, the sooner Shiba Inu clears this zone of market imbalance, the sooner the crypto asset can begin moving to the upside. A key support area to watch for is $0.00001361

Technical Indicators Show Growing Bullish Strength for SHIB Price

The relative strength index (RSI 14) is at 44.4 and rising. This indicates market participants are bullish and the price may continue moving higher. However, the RSI is still below the mid-point level, which is critical for confirming a bullish dominance in the uptrend.

The Chaikin money flow (CMF) just crossed above the zero line, indicating that bullish pressure is starting to dominate.

The main selling points for Shiba Inu at the moment are the ongoing token burns and the growing Shibarium ecosystem. 

In further developments, the Shiba Inu lead developer, who goes by the pseudonym “Shytoshi Kusama,” is planning to leave the project. 

@Shibtoken @treatsforShib @kaaldhairya A quick recap and forward marching orders. #India #Kyoto #IVS pic.twitter.com/Ba6bpOzKMi

— Shytoshi Kusama™ (@ShytoshiKusama) July 9, 2024

He mentioned that he would eventually take a step back from the project’s spotlight, following in the footsteps of his predecessor and Shiba Inu founder, Ryoshi.

Bottom Line

Shiba Inu’s price analysis suggests a challenging period ahead for the popular meme coin. Investors may need to brace for short-term volatility and potential downward pressure before significant upward movement occurs. This phase may test the holders’ resolve before a recovery and profit-taking opportunity emerge.

Frequently Asked Questions (FAQs)

1. What factors influence the price of Shiba Inu?

The price of Shiba Inu can be influenced by factors such as market demand, overall market trends, news and announcements, regulatory changes, and developments within the Shiba Inu project.

2. How can I buy Shiba Inu?

Shiba Inu can be bought on various cryptocurrency exchanges such as Binance, Coinbase, Kraken, and others. You need to create an account on one of these platforms, deposit funds, and then trade for SHIB.

3. Are there any fees associated with buying Shiba Inu?

Yes, when buying Shiba Inu, you may encounter fees such as transaction fees, exchange fees, and withdrawal fees, depending on the platform you use.

✓ Share:

• Trending
• Price Analysis

• SEC’s Paul Atkins Pushes for On-Chain Capital Raising Without Uncertainty
• SEC Delays Decision On Staking For BlackRock’s Ethereum ETF
• SEC Delays Decision on Franklin Templeton’s Solana and XRP ETFs
• BNB Hits New ATH As Binance Partners With $1.6T Franklin Templeton
• Crypto Market, S&P 500 Rally as PPI Data Fuels Rate Cut Hopes

• Pump Price Forecast as $12M Buyback Fuels Scarcity — Is $0.01 in Sight?
• SUI Price Prediction as Mysten Labs Meets SEC Ahead of ETF Decision—Is $7.5 Next?
• Can Dogecoin Price Hit $1 as Derivative Volume Jumps Ahead of DOGE ETF Launch
• Bitcoin Price Prediction Eyes $150K as Trump Calls for Aggressive 100 BPS Rate Cut
• Solana Price Prediction: Can Nasdaq Listing and $94M Holdings Propel SOL Toward $400?

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.