Shiba Inu price has reached a critical juncture, facing a convergence of technical and fundamental signals. Despite a slight price recovery of +1.32% in the last 24 hours to $0.00001181, SHIB has seen a decline of 8.27% over the week. It recently hit its lowest level since early August 2025.
The coin’s market cap currently stands at $6.96 billion with a 24-hour trading volume of $157.01 million, reflecting a decline of nearly 37%. This indicates cautious trader participation and growing skepticism about a sustained rebound. Investors are closely watching whether SHIB can defend its $0.0000115 support level or succumb to broader market pressures.
Shiba Inu’s price action tells a story of technical strain and tentative optimism. The 4-hour chart shows that the RSI dropped to an oversold 33.9 on September 25, its lowest level since June, prompting a modest bounce. However, the overall trend is less promising, with SHIB trading below all moving averages. The 7-day EMA is at $0.0000122, while the longer-term 200-day EMA is further away at $0.000013. The MACD histogram remains negative at -0.000000174, indicating ongoing bearish pressure and a lack of bullish momentum.
Despite the Federal Reserve’s rate cut on September 17 injecting some optimism into speculative assets, SHIB’s rally has been lackluster. The price is capped by resistance at $0.00001359, with a failure to close above the 7-day EMA dampening hopes for a near-term trend reversal. The 24-hour trading volume, although in line with previous rate-cut rallies, remains 35% below SHIB’s 30-day average.
In summary, SHIB’s recent price movement seems to be a technical rebound from oversold territory rather than a convincing recovery. With bearish sentiment prevailing, a strong and sustained move above $0.0000122 would be needed to suggest any significant upside potential. If SHIB breaks below the $0.0000115 support level, especially in a scenario where Bitcoin’s dominance surges, bears may take control.
Traders are advised to keep a close eye on key levels, with $0.0000115 serving as crucial support and $0.0000122 as a near-term resistance level. The market’s reaction to the recent Shibarium security upgrade suggests that while the patch was seen as important, it may not have been sufficient to reignite enthusiasm.
Overall, SHIB’s price outlook remains uncertain, with technical indicators pointing to further downside risks. Traders should exercise caution and closely monitor key levels to make informed decisions in the current market environment.