Shiba Inu (SHIB) Price Prediction: Analysts Track Breakout From Key Triangle

• Shiba Inu trades inside an ascending triangle with resistance at $0.00001300 and support at $0.00001230.
• On-chain flows show $1.14M outflow, signaling cautious sentiment despite steady price action.
• Daily chart reveals long-term compression with key breakout target near $0.00001400.

Shiba Inu price today is trading near $0.00001265, up 1.5% in the last 24 hours, as bulls defend the rising trendline support visible on the 4-hour chart. The memecoin is consolidating tightly inside an ascending triangle, suggesting an impending move as traders monitor the balance between on-chain weakness and technical compression.

Shiba Inu Price Holds Ascending Triangle Support

The 4-hour chart shows Shiba Inu price coiling between rising support near $0.00001230–$0.00001240 and horizontal resistance around $0.00001290–$0.00001300. This ascending structure has tightened over the past week, indicating that a breakout is approaching.

The 20, 50, 100, and 200 EMAs are now clustered around $0.00001250–$0.00001260, reinforcing this area as a short-term pivot zone. Holding above these moving averages maintains the short-term bullish bias, though repeated rejections near $0.00001300 show that buyers still lack full momentum.

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Momentum indicators are moderately positive. The RSI is hovering at 56, signaling mild buying strength but far from overbought conditions. A clean breakout above $0.00001300 could extend toward $0.00001350 and $0.00001400, while failure to hold the $0.00001230 line risks a retest of $0.00001200 or even $0.00001180.

On-Chain Flows Reflect Mild Selling Pressure

Recent on-chain data from Coinglass reveals a $1.14 million net outflow on October 6, highlighting minor investor withdrawals from exchanges. This comes after several sessions of neutral activity, underscoring the cautious sentiment across the Shiba Inu market.

Historically, SHIB’s stronger rallies have followed sustained inflow streaks, signaling fresh capital entering the market. The latest outflow therefore suggests that traders are taking profits or reallocating funds while awaiting a clearer breakout signal. The Shiba Inu price today remains steady, but without renewed inflows, upside attempts may struggle to gain traction.

Daily Chart Shows Long-Term Compression Phase

The daily timeframe illustrates how Shiba Inu price action continues to respect a large symmetrical triangle pattern that has developed since early 2025. The upper boundary sits near $0.00001400–$0.00001500, while support is anchored around $0.00001180–$0.00001200.

The Parabolic SAR dots remain below the price candles, indicating that the trend is still marginally bullish in the short term. However, repeated rejections from the descending trendline connecting the year’s lower highs have kept SHIB trapped inside the larger consolidation zone.

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Until a decisive break above the $0.00001400 region occurs, the broader trend remains neutral. A failure to defend $0.00001180, meanwhile, could invalidate the bullish structure and open the path toward the $0.00001050–$0.00001080 demand zone seen in June.

Technical Outlook For Shiba Inu Price

Key levels for Shiba Inu price prediction heading into October 7 are as follows:

• Upside levels: $0.00001300, $0.00001350, and $0.00001400 if bullish momentum builds.
• Downside levels: $0.00001230, $0.00001200, and $0.00001180 as immediate defense zones.
• Trend support: $0.00001120 remains the broader structural floor.
  

Outlook: Will Shiba Inu Go Up?

The next move for Shiba Inu hinges on whether buyers can sustain momentum above $0.00001260 and break the $0.00001300 ceiling. On-chain data still reflects weak accumulation, but technical compression suggests a decisive move is nearing.

If SHIB closes above $0.00001300 with rising volume, analysts expect a short-term breakout toward $0.00001350–$0.00001400. Conversely, a drop below $0.00001200 would delay bullish expectations and reintroduce selling pressure toward $0.00001180.

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For now, Shiba Inu price action remains balanced between cautious optimism and consolidation, awaiting confirmation of direction as volatility compresses at key support.