The Shiba Inu price today is consolidating around $0.00001490, cooling off after a recent high near $0.00001720. Following its strong breakout on May 9, SHIB has entered a descending triangle structure on the 4-hour chart, with sellers defending lower highs. The price is now hovering near a short-term support level of $0.00001460, a zone that could determine whether bulls can regroup or bears take over.
What’s Happening with Shiba Inu’s Price?
Shiba Inu Price Dynamics
On the 4-hour chart, Shiba Inu price action shows signs of weakening after facing resistance at the top trendline near $0.00001720. The price has since retraced and is now sitting at a potential decision point, caught between diagonal trendline resistance and horizontal support.
Volume has decreased, and price structure has shifted from a bullish spike into a compression zone. This comes after SHIB briefly reclaimed its 0.236 Fibonacci retracement level ($0.00001475) from the weekly swing high of $0.00003344 down to the March low of $0.00001028. Despite reclaiming key territory in early May, SHIB is once again under pressure, with rising volatility at lower timeframes.
Why Shiba Inu Price Going Down Today?
On the 30-minute chart, SHIB is trading within a narrow range between $0.00001480 and $0.00001510. The RSI is currently at 45.52 and dropping, showing waning momentum below the neutral 50 level. The MACD is also neutral, with histogram bars fading and signal lines converging, suggesting a lack of short-term bullish conviction.
Meanwhile, Bollinger Bands on the 4-hour chart are narrowing, a classic precursor to a volatility expansion. With price touching the lower band near $0.00001447 and failing to recover above the median line ($0.00001552), bears are slowly regaining influence.
From a broader view, the daily chart shows SHIB rejected from the upper supply zone ($0.00001650–$0.00001750) and now testing the lower bound of the demand zone around $0.00001460. This range is critical — if broken, a drop to the $0.00001336–$0.00001305 cluster becomes more likely.
SHIB Short-Term Outlook: Bullish Rebound or Breakdown Ahead?
The descending triangle visible on the intraday chart, combined with fading MACD momentum and RSI below 50, suggests further downside risk. A close below $0.00001460 would validate the breakdown setup and potentially open a path toward the EMA200 support near $0.00001395.
On the flip side, if bulls manage to reclaim $0.00001552 with volume and momentum confirmation, a bounce toward $0.00001657 could materialize quickly. That said, this would require reclaiming trendline resistance and holding above key EMAs.
The Shiba Inu price update shows a consolidation phase at a pivotal point. Traders should monitor this triangle structure closely — a confirmed breakout above $0.00001550 or a breakdown below $0.00001450 will likely define SHIB’s next 48-hour trajectory.
SHIB Forecast Table for May 17
| Indicator / Zone | Level (USD) | Signal |
| Resistance 1 | 0.00001552 | Bollinger median / breakout level |
| Resistance 2 | 0.00001657 | 4H upper Bollinger Band / prior supply |
| Support 1 | 0.00001460 | Lower triangle base / key pivot |
| Support 2 | 0.00001336 | Intraday demand zone |
| 200 EMA (4H) | 0.00001395 | Dynamic support below range |
| RSI (30-min) | 45.52 | Bearish-neutral, under pressure |
| MACD (30-min) | Flat, near-zero | Weak momentum, unclear crossover |
| Bollinger Bands (4H) | Tightening | Volatility expansion expected |
| Pattern Watch | Descending Triangle | Breakdown bias if $0.00001460 fails |
| Volatility Outlook | Moderate, rising | Ready for breakout or breakdown |
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