The Shiba Inu price today is trading near $0.00001333, slipping further into a downward spiral as bearish pressure intensifies. Over the past week, the meme coin has failed to hold above the critical $0.00001400 mark, confirming a breakdown from its prior consolidation range. Technical indicators across multiple timeframes suggest that Shiba Inu price is likely to face continued volatility in early June, with key support levels now at risk.
What’s Happening With Shiba Inu’s Price?
The recent Shiba Inu price action shows a clear rejection near the $0.00001580 level in mid-May, followed by a steady decline toward the 0.618 Fibonacci retracement at $0.00001309. This zone, previously considered structural support from the March–May rally, has now been breached intraday, intensifying bearish momentum.
The daily chart also highlights a series of lower highs forming since early May. With sellers regaining control near each bounce, the broader structure is now tilting bearish. Meanwhile, the trendline support from April has also been invalidated, adding to the case for deeper downside risk. As of May 30, SHIB is down over 15% from its May swing high and continues to flirt with the $0.00001300 psychological threshold.
Bearish Momentum Deepens on Indicators
Momentum indicators further support the case for increased Shiba Inu price volatility ahead. The daily RSI has dipped to 41.15, approaching oversold territory but not yet signaling exhaustion. This leaves room for further declines before a potential relief rally. The MACD histogram remains negative with a fresh bearish crossover, confirming trend continuation to the downside.
The Ichimoku Cloud analysis reinforces the bearish narrative. Price has decisively broken below the cloud, and the future span is beginning to slope downward. This indicates a shift in medium-term sentiment as bulls lose momentum. The Stochastic RSI, currently at 2.40, is in oversold territory, but has yet to show any confirmed crossover or signal of reversal.
Bollinger Bands on the daily timeframe are expanding again after recent compression, suggesting an imminent breakout has already begun—unfortunately for bulls, it is breaking to the downside. SHIB is now trading below all key exponential moving averages (20/50/100/200 EMA), with the 100 EMA around $0.00001450 acting as a firm ceiling. This aligns with the broader trend of declining highs and increasing downside risk.
Critical Levels and Short-Term Outlook
Looking at the 4-hour chart, Shiba Inu price has confirmed a break below the ascending trendline that had supported its late-May price action. The immediate support zone lies between $0.00001236 and $0.00001200, which corresponds to the previous demand range from April. If this zone fails to hold, SHIB may retrace further toward the $0.00001100–$0.00001030 area, where historical buying interest re-emerged in late March.
On the flip side, any rebound from current levels would face significant resistance around $0.00001420 and $0.00001500. These zones align with prior breakdown points and EMA clusters, suggesting that recovery attempts will likely be met with selling pressure.
Weekly Structure Signals Lower High Formation
The weekly chart paints a broader picture of weakness. A large descending triangle is visible, and the latest failure to push beyond $0.00001950 further supports the bearish macro structure. The longer-term resistance trendline from the 2024 high remains intact, and SHIB’s rejection near the 200-week SMA adds to the weight on the price.
The 0.5 Fibonacci retracement from the October 2024 low to the March 2025 high sits at $0.00001396, which has now been decisively breached. If bears maintain this momentum, SHIB could revisit the 0.786 Fib level at $0.00001186 or potentially test the 1.0 Fib extension at $0.00001029.
Why Shiba Inu Price Going Down Today
The short-term decline in Shiba Inu price today is being driven by a combination of failed breakout attempts, loss of key moving average support, and broader crypto market hesitation. While major coins like Bitcoin and Ethereum struggle to regain bullish traction, meme tokens such as SHIB are facing sharper pullbacks due to their higher beta and sentiment-driven nature.
Additionally, there has been a reduction in whale transaction volume and on-chain activity, suggesting that speculative interest in SHIB has temporarily cooled. This aligns with the broader trend of risk-off positioning across altcoins.
Forecast Table for June 2025
| Indicator/Zone | Current Level | Bias/Action |
| Shiba Inu price today | $0.00001333 | Bearish |
| Resistance Levels | $0.00001420, $0.00001500 | Strong supply zones |
| Support Levels | $0.00001236, $0.00001100 | Key demand zones |
| RSI (Daily) | 41.15 | Bearish momentum building |
| MACD (Daily) | Bearish crossover | Trend continuation |
| EMA Cluster | All above current price | Downtrend confirmation |
| Ichimoku Cloud | Bearish breakout | Medium-term risk downside |
| Fibonacci Levels | 0.618 broken, eyes on 0.786 | Deeper correction underway |
Unless buyers step in decisively at the $0.00001236–$0.00001200 zone, Shiba Inu price is likely to trend lower into early June. Any reversal will require a confirmed reclaim of $0.00001450 and multiple closes above the 50-day EMA. Until then, the outlook remains cautious with further bearish pressure likely to unfold.
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