Shiba Inu (SHIB) Price Prediction for August 8

Shiba Inu price today is consolidating near $0.00001236 after bouncing off the $0.00001150 support zone earlier this week. While the price remains below key trendline resistance, SHIB is holding just above its short-term VWAP band and continues to test the midpoint of a critical liquidity zone. Bulls are attempting to build a base for a potential breakout, but momentum remains constrained by overhead EMA resistance and historical order blocks.

Shiba Inu Price Forecast Table: August 8, 2025

What’s Happening With Shiba Inu’s Price?

On the weekly timeframe, Shiba Inu price has been trapped below the macro descending trendline stretching from the 2024 highs. The current price action hovers near the 0.236 Fibonacci retracement at $0.00001214, with the broader structure indicating compression between long-term support at $0.00001026 and resistance at $0.00001444.

Despite repeated rejections from higher Fibonacci levels, SHIB continues to hold higher lows since early Q2. This shows base formation, but bulls need to breach the 0.382 Fib zone ($0.00001890) and break above the descending trendline to shift the macro narrative. OBV remains flat, confirming the current state of indecision.

Why Is The Shiba Inu Price Going Down Today?

Why Shiba Inu price going down today is linked to trendline rejection and resistance cluster overhead. The 4-hour chart shows SHIB struggling to break past the PE1 M pivot near $0.00001228, which has been tested multiple times without conviction. The failure to break above this line has created a short-term ceiling, limiting upward momentum.

The Supertrend on the daily timeframe remains bearish and sits at $0.00001444, reflecting the ongoing pressure from above. Meanwhile, the Parabolic SAR on the 1D chart has flipped above price, signaling downside bias in the current session.

Market structure is also reflecting mixed signals. The Smart Money Concepts (CHoCH/BOS) indicator suggests that SHIB has yet to reclaim bullish market structure decisively, as the latest BOS remains unconfirmed below the key supply block near $0.00001312.

On the DMI indicator, -DI (25.68) is slightly leading +DI (25.63), both with relatively weak ADX (14.34), reinforcing the indecisive tone.

Bollinger Bands and EMA Cluster Create Compression Near Resistance

On the 4-hour chart, Bollinger Bands are tightening between $0.00001191 and $0.00001256, suggesting a potential volatility breakout. Price is sandwiched within a tight range and faces confluence resistance from the 20/50/100/200 EMA cluster, all stacked between $0.00001225 and $0.00001300. A clean break above this cluster is needed to invite fresh bullish positioning.

RSI on the 30-minute chart stands at 56.08, just above neutral, while price remains in contact with the session VWAP. This further supports the thesis of near-term compression without strong directional bias. Unless bulls generate volume to clear the $0.00001287 level, SHIB may remain range-bound.

Latest spot netflow data shows a mild outflow of $322.14K on August 7, reinforcing the cautious mood among investors. Although not extreme, the consistent presence of red bars across recent weeks highlights persistent sell-side activity that continues to limit upward traction.

Shiba Inu Price Prediction: Short-Term Outlook (24H)

Shiba Inu price is likely to trade between $0.00001200 and $0.00001290 in the next 24 hours. A bullish breakout would require price to break above the EMA confluence zone and flip the Supertrend, ideally reclaiming the $0.00001312 liquidity zone.

If rejection continues near the $0.00001260–$0.00001290 region, SHIB risks rolling over toward $0.00001144 and possibly $0.00001068, where previous demand has stepped in.

With the RSI neutral, Bollinger Bands tightening, and SAR signaling pressure, SHIB remains in a critical phase where breakout or breakdown could occur with minor catalyst influence.