Shiba Inu has remained a focal point in the memecoin landscape, supported by recent fundamental upgrades. The network recently introduced an auto-burn mechanism to streamline token utility and strengthen its DeFi offerings, particularly swapping and staking.
Meanwhile, SHIB wallet addresses have surged to an all-time high, pointing to accelerating retail interest. Notably, wallets holding under $1,000 in value are leading this adoption wave, showcasing increased micro-investor trust in the ecosystem. As momentum builds, investors are watching the charts closely to check if SHIB can break out of its current consolidation phase. We explore the possible short-term targets in this Shiba Inu price prediction.
At the time of writing, SHIB price is at $0.00001275, with a 1.47% intraday drop and a weekly dip of just 0.16%. The price has ranged between a 24-hour low of $0.00001274 and a high of $0.0000136, with overall market sentiment slightly bearish as reflected in the 4.62% 24-hour drop in price.
Looking at the daily chart, the 9-day SMA has turned flat near $0.00001274, suggesting that SHIB is currently testing a crucial support zone. A sustained close below this level could take the price down to its psychological support at $0.00001200.
Successively, the chart also hints at a potential double-bottom formation near the $0.000012 region. If this pattern holds, and SHIB maintains support above $0.00001270, a short-term reversal could be in play. A bullish breakout above $0.00001360 resistance may validate this and open the road to $0.00001450.
Read our Shiba Inu (SHIB) Price Prediction 2025, 2026-2030 for long-term targets!
The price of 1 SHIB at the time of press is hovering around $0.00001283, with an intraday price drop of 4.62%.
The immediate support lies at $0.00001274, just above which SHIB is currently consolidating.
A close above $0.00001360 could signal a bullish breakout, targeting $0.00001450 in the near term.
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