Altcoins News
By Sakamoto Nashi
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Shiba Inu (SHIB) continues to test investor patience as the asset inches toward a pivotal support area.
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The $0.0000114 level has emerged as a point of interest due to its historical relevance and proximity to recent liquidity clusters.
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Price Action Review: From Range Trading to Bearish Breakdown
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Since March 2025, Shiba Inu has primarily traded within a tight range between $0.0000115 and $0.0000142.
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That false breakout led to the formation of a descending triangle, a technical setup commonly associated with bearish outcomes.
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Indicators Signal Caution, Not Capitulation
7 / 15
A look at the daily chart reveals why the mood among traders remains cautious. The Relative Strength Index (RSI) has stayed below the neutral 50 mark for more than three weeks,…
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These indicators suggest that bears are still in control, at least for now. The loss of $0.0000152 as support and its subsequent retest as resistance further confirms the bearish…
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Last Friday, SHIB dipped to a low of $0.0000114 before recovering slightly. This level now represents a key support area and has drawn the attention of short-term traders.
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In simple terms, this means many leveraged positions — especially long positions — could be forced to close if SHIB dips again to that zone.
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Another smaller liquidity cluster sits higher, around $0.0000136. For SHIB to reach that point again, bulls would likely need to reclaim $0.0000125–$0.
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At press time, SHIB is hovering near the $0.000012 zone. While this area has seen some defense from buyers, the overall trend remains fragile.
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If SHIB fails to hold above $0.000012 in the coming days, a drop toward $0.0000114 or even $0.0000110 becomes more probable.
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For now, lower timeframe charts — such as the 1-hour or 4-hour — will be essential for spotting early signs of a reversal.
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The Bigger Picture: What’s Next for SHIB?
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