Shiba Inu Price Prediction: SHIB Consolidates Near $0.00001240 as Traders Watch Breakout Signal

Shiba Inu (SHIB) is trading near $0.00001240 today, holding steady after a turbulent August where repeated tests of support kept buyers on edge. Despite ongoing volatility, the token continues to respect a broad converging structure that has guided its price action through the summer.

The market has been caught between heavy resistance near $0.00001350 and firm demand at $0.00001200, leaving traders debating whether SHIB is preparing for a breakout or another retreat toward deeper supports. A viral post by a SHIB-focused analyst on X projected an “unbelievable breakout” with speculative long-term targets above $0.08, but for now, SHIB remains rangebound and testing shorter-term technical barriers.

With whale flows, technical compression, and broader meme coin sentiment all converging, the next sessions could prove decisive for SHIB’s near-term trajectory.

Shiba Inu Price Holds Inside Descending Triangle

On the 4-hour chart, Shiba Inu price action is locked in a descending triangle, capped by a falling trendline near $0.00001280 and anchored by support around $0.00001200. This narrowing structure has compressed volatility, raising the probability of a directional move.

Exponential moving averages show SHIB trading below its 20-, 50-, and 100-period levels, clustered between $0.00001241 and $0.00001267. This cluster has acted as a ceiling for several sessions, and a clean close above it would be the first step toward a bullish reversal.

On the daily timeframe, Shiba Inu price action remains confined within a descending channel that has defined its August slide. The channel’s upper boundary aligns near $0.00001400, while the lower line extends toward $0.00001100, creating a tight bearish corridor.

The supertrend indicator continues to flash a bearish signal, with the threshold for a reversal positioned at $0.00001444. Until SHIB closes firmly above this level, trend bias remains negative despite attempts to stabilize. The DMI (Directional Movement Index) reinforces this cautious stance. The -DI line (orange) holds above the +DI (blue), reflecting the continued dominance of sellers. However, the narrowing gap between the two suggests momentum is weakening, leaving room for a possible crossover if buyers regain strength in early September.

Whale Activity and Community Speculation Shape Sentiment

On-chain data shows muted but steady whale inflows. While SHIB has not attracted the same magnitude of institutional flows as Bitcoin or Ethereum, exchange outflows indicate that larger holders are quietly accumulating during dips. This activity has helped stabilize price each time it approaches the $0.00001200 base.

Speculative commentary has also fueled attention. A chart circulating on social media projects a potential long-term leap toward $0.089, with proponents arguing that token burns and ecosystem growth could eventually drive exponential upside. While such projections are aspirational, they highlight the degree of speculative interest that still surrounds Shiba Inu, underscoring why volatility remains a defining trait of SHIB price action.

At the same time, broader meme coin flows have been mixed. Dogecoin and PEPE both saw pullbacks this week, suggesting that SHIB’s resilience is partly due to community strength rather than sector-wide inflows.

Contrasting Views: Bulls See Accumulation, Bears Note Weak Trend

Bulls argue that the persistent defense of the $0.00001200 support underscores strong accumulation. As long as this zone holds, they see room for SHIB to retest the $0.00001350 resistance and eventually attempt a breakout toward $0.00001450. Clearing these levels would align with a broader reversal and potentially attract new speculative momentum.

Bears counter that SHIB remains trapped below its descending trendline, with the daily supertrend still signaling bearish bias under $0.00001444. They point out that each rally attempt since mid-August has faded near short-term moving averages, suggesting sellers continue to cap upside. A decisive break below $0.00001200 could expose SHIB to a deeper correction toward $0.00001150 and possibly $0.00001080, zones that coincide with longer-term supports.

This divergence leaves SHIB at a pivotal juncture, where a single breakout or breakdown could determine trend direction heading into September.

Shiba Inu Short-Term Outlook: Breakout or Breakdown Next?

Heading into August 31, Shiba Inu price prediction models highlight the $0.00001280 zone as the immediate pivot. A sustained close above this level would neutralize near-term bearish pressure, opening the door for a push toward $0.00001350 and $0.00001450.

Failure to overcome the descending resistance could keep SHIB trapped in its current range, with downside risk growing if $0.00001200 is breached. Traders are watching flows and momentum closely, as compression within the triangle is unlikely to last much longer.

For now, SHIB remains balanced between speculative optimism and technical caution. The market’s next move will likely hinge on whether accumulation can outweigh lingering selling pressure.

SHIB Forecast Table