
Jakarta, Pintu News – Shiba Inu is currently at an important junction that could determine its future direction. Based on data from Trading View, SHIB’s price is now hovering around $0.00000867. Analysis of the three major time frames – daily, weekly, and monthly – shows that SHIB is at the lower end of its range, and the next move will determine whether this is just a correction or the start of a deeper decline.

On the daily chart, SHIB is trading below the middle Bollinger Band around $0.00000950. Any attempt to approach the upper band around $0.00001044 always fails. This suggests that the market was unable to break through the existing resistance, but did not experience a fall either.
Repeated failure to reach the upper band signals that buyers are losing control. This situation creates uncertainty in the market, with investors and traders looking for clearer clues about the next direction.
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The weekly chart gives a clearer picture of the pressure faced by Shiba Inu. The coin has been stuck below the weekly middle band around $0.00001197 for several months, and now the price is slightly above the weekly lower band which is near $0.00000843.
When the asset is very close to the lower band without breaking it, this usually signals market exhaustion rather than a trend break. This situation also indicates that buyers are no longer in control of the market. This increases the potential for further declines if there is no change in momentum.
On the monthly chart, the middle band is located at a high of around $0.00001580. This is the best possible path, and requires a rise of more than 80% from the current price to put SHIB back into a long-term bullish state.
On the other hand, the lower band is around $0.00000599, which is the worst-case scenario with a drop of around 31%. This drop would return SHIB to its initial support, signaling a possible return to its early days.
Shiba Inu (SHIB) is at a critical point. The market’s next decision will largely determine the future direction of this coin. Whether SHIB will return to a bullish trend or continue to slide, only time will tell.
A1: Shiba Inu (SHIB) is a cryptocurrency originally known as a “meme coin” that has a large community of followers.
A2: The Shiba Inu (SHIB) price is currently at around $0.00000867.
A3: Bollinger Bands are a technical analysis tool used to determine the upper and lower relative price ranges.
A4: If SHIB is unable to return to the mid-month band, it may signal a deeper and sustained bearish trend.
A5: SHIB needs a rise of more than 80% from the current price to return to long-term bullish conditions.