Shiba Inu bulls have been struggling to regain momentum after a recent 8% drop in price over the last 24 hours and a 10% decline over the past week. The $0.000012-support zone was initially identified as a potential area for a bounce towards $0.000014 or higher, but the resistance at $0.0000125 has proven to be a challenging obstacle for the bulls to overcome.
Analysts are suggesting that Q2 2025 could be an optimal time to accumulate altcoins, including Shiba Inu. Despite the recent consolidation, long-term investors may want to consider increasing their token holdings. However, short-term volatility is expected in the near future.
The 4-hour chart for Shiba Inu shows a trading range between $0.000012 and $0.000013, with the RSI struggling to break the neutral 50 level. Recent attempts by the bulls to shift the momentum in their favor have been met with resistance at the $0.0000125 and $0.0000124 levels.
The OBV indicator has been relatively flat, indicating a lack of bullish or bearish dominance in the market. While some near-term volatility is possible, trading volume remains low. A price bounce towards the range highs may not be likely, as the immediate resistance levels at $0.0000125 could prevent a significant uptrend.
The liquidation heatmap for Shiba Inu highlights key liquidity pockets at $0.0000119, $0.0000118, and $0.0000125. It suggests that the price may see further declines before bouncing back towards the range highs. Swing traders looking to go long should exercise caution and manage their risk accordingly.
In conclusion, while Shiba Inu may face further downside in the short term, a bounce towards the range highs could be on the horizon. Traders should closely monitor key resistance levels and liquidity pockets to make informed decisions. As always, this information is not financial advice and should be considered as the writer’s opinion.