Shiba Inu Price Prediction: SHIB Consolidates Near $0.00001240 as Traders Watch Breakout Signal
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Shiba Inu (SHIB) is trading near $0.00001240 today, holding steady after a turbulent August where repeated tests of support kept buyers on edge. Despite ongoing volatility, the token continues to respect a broad converging structure that has guided its price action through the summer.
The market has been caught between heavy resistance near $0.00001350 and firm demand at $0.00001200, leaving traders debating whether SHIB is preparing for a breakout or another retreat toward deeper supports. A viral post by a SHIB-focused analyst on X projected an “unbelievable breakout” with speculative long-term targets above $0.08, but for now, SHIB remains rangebound and testing shorter-term technical barriers.
With whale flows, technical compression, and broader meme coin sentiment all converging, the next sessions could prove decisive for SHIB’s near-term trajectory.
Shiba Inu Price Holds Inside Descending Triangle
On the 4-hour chart, Shiba Inu price action is locked in a descending triangle, capped by a falling trendline near $0.00001280 and anchored by …
The post Shiba Inu Price Prediction: SHIB Consolidates Near $0.00001240 as Traders Watch Breakout Signal appeared first on Coin Edition.
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Coins
$ 0.0946
+2.45%
$ 0.0127
-0.22%
$ 0.0312
$ 0.0000824
$ 1.58
Funds
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In This News
Coins
$ 0.0946
+2.45%$ 0.0127
-0.22%$ 0.0312
$ 0.0000824
$ 1.58
Funds
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Shiba Inu Price Prediction: SHIB Consolidates Near $0.00001240 as Traders Watch Breakout Signal
Share:
Shiba Inu (SHIB) is trading near $0.00001240 today, holding steady after a turbulent August where repeated tests of support kept buyers on edge. Despite ongoing volatility, the token continues to respect a broad converging structure that has guided its price action through the summer.
The market has been caught between heavy resistance near $0.00001350 and firm demand at $0.00001200, leaving traders debating whether SHIB is preparing for a breakout or another retreat toward deeper supports. A viral post by a SHIB-focused analyst on X projected an “unbelievable breakout” with speculative long-term targets above $0.08, but for now, SHIB remains rangebound and testing shorter-term technical barriers.
With whale flows, technical compression, and broader meme coin sentiment all converging, the next sessions could prove decisive for SHIB’s near-term trajectory.
Shiba Inu Price Holds Inside Descending Triangle
On the 4-hour chart, Shiba Inu price action is locked in a descending triangle, capped by a falling trendline near $0.00001280 and anchored by …
The post Shiba Inu Price Prediction: SHIB Consolidates Near $0.00001240 as Traders Watch Breakout Signal appeared first on Coin Edition.
In This News
Coins
$ 0.0946
+2.45%$ 0.0127
-0.22%$ 0.0312
$ 0.0000824
$ 1.58
Funds
Share:
In This News
Coins
$ 0.0946
+2.45%$ 0.0127
-0.22%$ 0.0312
$ 0.0000824
$ 1.58
Funds
Share:
Read More
Ethereum Price Prediction: ETH Cracks $2,156 After 20% Crash As $306M Liquidations Mount