Shiba Inu (SHIB) has been a favorite of meme coin investors, capturing the attention of both retail traders and whales alike. Its price action has been highly volatile, making it an exciting token to watch. In recent days, SHIB’s price has seen a steady rise, but now the token is testing key resistance levels that could either lead to a breakout or another pullback. In this article, we’ll break down the technical indicators and chart patterns for SHIB and provide actionable insights for traders.
Short-Term Price Action: 1-hour Chart Breakdown
On the 1-hour chart, SHIB has been on a steady upward trajectory after bouncing off the 0.00001600 level in early October. The token is now trading around 0.00001764, facing resistance at 0.00001788, just below its recent high.
The 7-period Simple Moving Average (SMA) at 0.00001755 is providing short-term support, while the 25-period SMA at 0.00001689 sits further below, offering a secondary support level. The 99-SMA, currently resting at 0.00001688, is also trailing closely, indicating that SHIB has managed to maintain a bullish structure for now.

The MACD (Moving Average Convergence Divergence) is signaling some bullish momentum. The MACD line is just above the signal line, and the histogram is printing green bars, suggesting that the upward pressure could continue, though the gap is narrow, meaning a reversal is still possible if the momentum weakens.
However, traders should note that volume has been relatively flat in this timeframe, which raises concerns about the sustainability of the current rally. While the price is holding strong for now, a lack of volume could result in a fake breakout, so keeping an eye on volume in the coming hours is crucial.
Medium-Term Outlook: 4-hour Chart Analysis
The 4-hour chart offers a broader perspective on SHIB’s recent price action. After peaking near 0.00002200 in late September, SHIB entered a downward correction, bottoming out near 0.00001600. Since then, the token has recovered, but it’s now facing stiff resistance at 0.00001788.
The 7-period SMA at 0.00001725 is offering near-term support, while the 25-period SMA at 0.00001689 and the 99-SMA at 0.00001648 are also providing further layers of support. These SMAs are stacked close together, which can either signal a consolidation phase or an impending breakout if SHIB can push through the resistance at 0.00001800.

The MACD on the 4-hour chart is still in positive territory, with the MACD line above the signal line and green histogram bars growing in size. This suggests that bullish momentum is gaining strength, and SHIB could be gearing up for a potential run toward 0.00001900 or even 0.00002000 if the rally continues.
Volume on the 4-hour chart shows a slight uptick, which adds some credibility to the current bullish outlook, though it’s not yet at the levels needed to confirm a major breakout. If volume continues to rise, we could see SHIB pushing toward its next resistance levels in the coming days.
Key Support and Resistance Levels
- Support: The immediate support lies at 0.00001725, provided by the 7-period SMA on the 4-hour chart. If SHIB fails to hold this level, the next support zone would be around 0.00001650 to 0.00001600, where the 99-SMA is located.
- Resistance: SHIB is currently testing key resistance at 0.00001788, which aligns with previous highs. If SHIB breaks above this level, the next target would be 0.00001900, followed by the psychologically important 0.00002000 mark.
With the current price hovering around resistance, a breakout or rejection at this level will determine SHIB’s next move. If it can breach 0.00001788 with strong volume, traders should be prepared for a rally toward 0.00001900 and beyond.
Recent Market Trends and Sentiment
Shiba Inu has remained one of the most talked-about tokens in the meme coin category, often compared to Dogecoin. The token’s community remains strong, and recent developments, including SHIB’s expanding ecosystem with projects like Shibarium, continue to drive interest. However, it’s worth noting that meme coins like SHIB are highly speculative and largely driven by market sentiment rather than fundamentals.
In the broader market, Bitcoin and Ethereum have been consolidating, which has allowed smaller altcoins like SHIB to experience bursts of activity. This could be a sign of short-term altcoin dominance, though any significant movement in Bitcoin’s price could quickly change the landscape for meme coins.
Additionally, as we approach the end of the year, traders should remain cautious about potential volatility in the crypto market due to macroeconomic factors such as inflation and regulatory announcements.
Trading and Investment Strategies
Short-Term Traders: Watch for a Breakout
For short-term traders, the strategy is simple: wait for a breakout above 0.00001788 before entering a long position. If SHIB can break this resistance level with strong volume, the next target would be 0.00001900, offering a decent upside potential. Set stop losses just below the 0.00001725 support level to manage risk in case of a sudden reversal.
The MACD on both the 1-hour and 4-hour charts is signaling bullish momentum, but traders should be cautious about low volume, as it could lead to a false breakout. Keep an eye on volume spikes as confirmation before entering any trades.
Long-Term Investors: Consider Buying the Dips
For long-term investors, SHIB is showing signs of strength, and if you believe in the meme coin’s potential to rise in the future, now might be a good time to accumulate. The current levels around 0.00001700 offer a good entry point, especially if SHIB can hold support at 0.00001650.
Using a dollar-cost averaging (DCA) strategy might be the best approach to reduce the impact of short-term volatility. This way, you can accumulate more SHIB over time and take advantage of dips, rather than going all-in at one price level.
However, given the speculative nature of SHIB, only invest what you are willing to lose, as meme coins are known for their unpredictable price swings.
Conclusion: A Pivotal Moment for SHIB
Shiba Inu is at a critical juncture, with resistance at 0.00001788 and support at 0.00001725. If SHIB can break through this resistance with strong volume, we could see the token rally toward 0.00001900 or even 0.00002000. However, if the price fails to break out, a pullback to the 0.00001600 level is possible.
For short-term traders, it’s important to wait for confirmation before entering any positions, while long-term investors might consider this an opportunity to accumulate more SHIB at relatively low levels. As always, manage your risk carefully and stay updated on the latest market news.
For more in-depth analysis and daily trade tips, be sure to follow my blog on Binance Square. Join the conversation and get real-time insights at Binance Square.