Shiba Inu (SHIB) Price Prediction for 4th June 2025: Can Bulls Hold Support Above $0.00001300 Amid Ongoing Sell-Off?
After breaking down from key resistance near $0.00001450 late last week, Shiba Inu price today continues to hover near the $0.00001310 mark, reflecting uncertainty and growing consolidation pressure in the meme coin segment. The Shiba Inu price has lost over 3% in the last 48 hours, retracing from its recent lower high and testing the 61.8% Fibonacci support around $0.00001310.
What’s Happening With Shiba Inu’s Price?
The daily chart indicates a sustained rejection from the $0.00001480–$0.00001500 zone, which aligns with the 38.2% Fibonacci retracement from the April rally. This rejection triggered a gradual move toward the 61.8% retracement level at $0.00001310. Currently, Shiba Inu price action shows a tentative rebound off this zone, but with weak momentum.
The structure also displays a broader descending triangle that began forming after the May 29 peak near $0.00001590. The triangle base appears to be holding slightly above $0.00001260, with price consolidating between dynamic resistance and this lower demand floor.
RSI, MACD, and Momentum Divergence
On t…
The post Shiba Inu (SHIB) Price Prediction for 4th June 2025: Can Bulls Hold Support Above $0.00001300 Amid Ongoing Sell-Off? appeared first on Coin Edition.
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Shiba Inu (SHIB) Price Prediction for 4th June 2025: Can Bulls Hold Support Above $0.00001300 Amid Ongoing Sell-Off?
After breaking down from key resistance near $0.00001450 late last week, Shiba Inu price today continues to hover near the $0.00001310 mark, reflecting uncertainty and growing consolidation pressure in the meme coin segment. The Shiba Inu price has lost over 3% in the last 48 hours, retracing from its recent lower high and testing the 61.8% Fibonacci support around $0.00001310.
What’s Happening With Shiba Inu’s Price?
The daily chart indicates a sustained rejection from the $0.00001480–$0.00001500 zone, which aligns with the 38.2% Fibonacci retracement from the April rally. This rejection triggered a gradual move toward the 61.8% retracement level at $0.00001310. Currently, Shiba Inu price action shows a tentative rebound off this zone, but with weak momentum.
The structure also displays a broader descending triangle that began forming after the May 29 peak near $0.00001590. The triangle base appears to be holding slightly above $0.00001260, with price consolidating between dynamic resistance and this lower demand floor.
RSI, MACD, and Momentum Divergence
On t…
The post Shiba Inu (SHIB) Price Prediction for 4th June 2025: Can Bulls Hold Support Above $0.00001300 Amid Ongoing Sell-Off? appeared first on Coin Edition.
Read More
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