📉 SHIB Testing Key Levels — Breakdown or Rebound Ahead?


Shiba Inu ($SHIB ) is currently trading near $0.00001361, up +1.34% in the last 4H, after bouncing off the $0.00001300 area. However, on-chain trends show weakening support from key holders and shorter average holding times — both pointing to possible further downside.


📊 Key Technicals


⋅ Immediate Support: $0.00001295 — a breakdown here opens the path to $0.00001167.


⋅ Resistance: $0.00001385 — reclaiming this level could flip momentum bullish.


⋅ MACD: Bearish momentum has slowed, with histogram showing signs of recovery, hinting at a potential short-term relief rally.


If demand re-enters, SHIB could retest $0.00001385. But if selling resumes, a slide toward $0.00001167 remains a realistic risk.

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August 12, 2025 at 7:54 PM
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