Shiba Inu (SHIB) has entered a critical compression zone, trading in a narrowing structure after weeks of sideways movement. The Shiba Inu price today is trading around $0.00001440, as bulls defend the psychological $0.00001400 level while eyeing a potential breakout above the descending triangle resistance.
The broader crypto sentiment remains cautiously optimistic, and SHIB appears to be forming a springboard setup after retracing to the 0.5 Fibonacci level from its April-May rally. This setup now places the spotlight on the triangle apex as a decisive point for the next move.
What’s Happening with Shiba Inu’s Price?
The Shiba Inu price has spent the last five days consolidating within a tight descending triangle, with declining volume and failed breakdowns indicating potential accumulation. The price has bounced off the $0.00001405 support region multiple times while facing overhead resistance near $0.00001475.
From a structural standpoint, the 1D chart reveals a higher low formation from the mid-April swing, converging with a lower high from early May. This symmetrical tension typically precedes a breakout, with the next 24-48 hours likely to offer clarity on whether SHIB breaks upward or slips into another retest of the $0.00001390 zone.
RSI, MACD and Bollinger Bands Signal Bullish Tension
On the 30-mins chart, RSI is currently stabilizing near 53 after briefly touching overbought levels above 60. This moderation is healthy and allows bulls to reload without triggering early distribution. Meanwhile, the MACD histogram has flattened, with a mild bullish crossover forming on May 29, suggesting a potential shift in momentum.
Bollinger Bands on the 4-hour timeframe are beginning to pinch, confirming declining volatility. This volatility squeeze is often a precursor to an explosive price move, especially when combined with a coiling price structure like the one observed now.
Ichimoku Cloud and Stochastic RSI Show Indecision with Bullish Lean
SHIB remains above the cloud baseline on the 30-minute Ichimoku, with the conversion line providing minor support. While the price has not fully cleared the Kumo cloud, the lagging span is no longer trailing price significantly, indicating improving structure.
Stochastic RSI, meanwhile, has cooled off from earlier overbought levels and is now reset near 6, leaving room for a new upside cycle if momentum returns. If the triangle structure resolves to the upside, these indicators may turn bullish rapidly and push SHIB toward a retest of the $0.00001500–$0.00001580 region.
Short-Term Outlook and Key Support/Resistance Levels
The Shiba Inu price update shows the asset stabilizing above key EMAs. On the 4-hour chart, SHIB has reclaimed the 50 EMA ($0.00001452), which now serves as immediate intraday support. The 100 and 200 EMAs below provide layered demand around $0.00001425 and $0.00001405 respectively.
On the upside, the $0.00001475–$0.00001500 zone is the key resistance band to watch. A sustained break and close above $0.00001500 could trigger a swift move to the next liquidity pocket near $0.00001580, followed by the 0.236 Fibonacci extension at $0.00001590.
However, failure to hold $0.00001400 could put pressure on bulls, potentially dragging SHIB back to the $0.00001360–$0.00001325 demand cluster, which has provided a solid base throughout mid-May.
Why Shiba Inu Price Going Up Today
One reason why Shiba Inu price going up today may be tied to renewed bullish sentiment across altcoins, especially meme tokens, after Ethereum’s breakout above $2,700. SHIB often tracks Ethereum’s price action due to its correlated retail-driven liquidity. Additionally, whale accumulation on-chain has increased modestly over the past 48 hours, suggesting quiet positioning ahead of a volatility expansion.
Forecast Table
| Indicator | Signal |
| RSI (4H) | Neutral to Bullish (53–60) |
| MACD (4H) | Bullish Crossover |
| Bollinger Bands (4H) | Tightening (Breakout Near) |
| Ichimoku Cloud (30m) | Base Support, Neutral Bias |
| Key Resistance Levels | $0.00001475 / $0.00001580 |
| Key Support Levels | $0.00001405 / $0.00001325 |
The Shiba Inu price action is approaching a decisive technical juncture. With the triangle pattern tightening, momentum indicators stabilizing, and support holding firm at $0.00001405, the setup favors a bullish breakout if volume confirms. While risks remain on a downside fakeout, the structure and sentiment currently lean toward a breakout retest of the $0.00001500+ region in the short term.
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