Shiba Inu Price Prediction for June 08, 2025: Technical Bounce Faces Key Resistance
The Shiba Inu price today is trading near $0.00001281, reflecting a moderate intraday gain of 3.1% as the token attempts to recover from recent lows. After bouncing from a demand zone near $0.000012, SHIB has reclaimed key intraday levels and is now testing the lower boundary of a descending trendline. With multiple indicators flashing early recovery signals, traders are closely monitoring whether this bounce can evolve into a sustainable upside move.
What’s Happening With Shiba Inu’s Price?
Over the last 48 hours, Shiba Inu price action has shown signs of a potential bottoming structure on lower time frames. A sharp rebound from the $0.000012–$0.0000122 support region marked a temporary halt to the broader downtrend that dominated late May and early June.
The 4-hour chart reveals a symmetrical breakout attempt from a falling wedge pattern. SHIB is now pressing against immediate resistance near $0.00001288, which aligns with the 100-EMA and a previously broken trendline. The token must close above this cluster to shift momentum further in favor of bulls.
The current structure also includes multiple short-bo…
The post Shiba Inu Price Prediction for June 08, 2025: Technical Bounce Faces Key Resistance appeared first on Coin Edition.
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Shiba Inu Price Prediction for June 08, 2025: Technical Bounce Faces Key Resistance
The Shiba Inu price today is trading near $0.00001281, reflecting a moderate intraday gain of 3.1% as the token attempts to recover from recent lows. After bouncing from a demand zone near $0.000012, SHIB has reclaimed key intraday levels and is now testing the lower boundary of a descending trendline. With multiple indicators flashing early recovery signals, traders are closely monitoring whether this bounce can evolve into a sustainable upside move.
What’s Happening With Shiba Inu’s Price?
Over the last 48 hours, Shiba Inu price action has shown signs of a potential bottoming structure on lower time frames. A sharp rebound from the $0.000012–$0.0000122 support region marked a temporary halt to the broader downtrend that dominated late May and early June.
The 4-hour chart reveals a symmetrical breakout attempt from a falling wedge pattern. SHIB is now pressing against immediate resistance near $0.00001288, which aligns with the 100-EMA and a previously broken trendline. The token must close above this cluster to shift momentum further in favor of bulls.
The current structure also includes multiple short-bo…
The post Shiba Inu Price Prediction for June 08, 2025: Technical Bounce Faces Key Resistance appeared first on Coin Edition.
Read More
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