Shiba Inu Price Prediction: Will SHIB Climb 60% by Year-End?

• SHIB price struggles to break resistance at $0.00001189 amid fading intraday momentum
• RSI near oversold territory suggests potential for a rebound if sentiment shifts
• Weak burn activity and flat volume limit near-term upside despite long-term forecasts

Shiba Inu (SHIB), one of the most watched meme-based cryptocurrencies, is navigating a quiet yet cautious phase. Despite a dip of 1.44% over the past 24 hours, the token is managing to hold near the $0.00001170 mark. 

This zone has acted as a pivotal price level lately, suggesting it could determine SHIB’s next big move. 

SHIB Price Action Reflects Market Indecision

SHIB’s short-term chart reveals a mixed bag. The token opened in a downward trend but attempted a weak recovery mid-day. However, momentum faded quickly. The intraday range was narrow, hovering between $0.00001113 and $0.00001189. Notably, the upper boundary of this range serves as a stiff resistance level, rejecting multiple breakout attempts.

Meanwhile, the $0.00001113 level marks a critical support zone. Any sustained breach below this could open the door to further declines. Still, price resilience around the $0.00001170 pivot keeps hopes alive for a breakout attempt. This level, tested repeatedly, may act as a launchpad if volume strengthens.

Indicators Show Flat Momentum with a Bearish Tilt

Technical indicators are painting a picture of cautious neutrality. The MACD histogram remains slightly negative, with both the MACD and signal lines in mild decline. This suggests weak bearish momentum but no clear direction. 

Related: Can Shiba Inu (SHIB) Hit $0.001? What an 8,300% Surge Would Mean for Investors

The RSI is currently around 35.72, nearing the oversold region. This indicates that buyers are hesitant, though a shift in sentiment could spark a quick reversal.

Moreover, the market cap stands at $6.9 billion, with a 24-hour volume of $153.4 million. These figures reflect decent market interest, although not enough to support aggressive rallies just yet. The volume-to-market cap ratio of 2.22% hints at stable liquidity and short-term trading activity.

Burn Metrics and Year-End Forecast

As per Shibburn data, over 410 trillion SHIB tokens have been burned from the initial supply. However, the 24-hour burn rate has slowed to zero, with only 19 million tokens removed. This lack of aggressive burning may stall deflationary hopes in the near term.

Despite current trends, Coincodex analysts forecast SHIB to potentially trade between $0.00001701 and $0.00001947 by December 2025. If this materializes, it would represent a price surge of over 60%. Hence, SHIB may still offer promising returns for long-term holders, especially if broader market conditions improve.