Shiba Inu (SHIB) Bearish Trend Over? Watch for a Potential Reversal at $0.0000114!
Jakarta, Pintu News – Shiba Inu has shown significant price fluctuations, and investors and analysts are closely monitoring its latest price movements. Will this meme coin experience a trend reversal or continue to decline?
Technical Analysis of Shiba Inu (SHIB)
Since March, Shiba Inu (SHIB) has moved within a price range from $0.0000115 to $0.0000142. However, after reaching a peak in mid-May, SHIB fell below the $0.0000152 support, which then became a resistance zone. The market structure has shown a bearish trend since late May, and this has yet to change.
The Relative Strength Index (RSI) indicator has been below the neutral 50 mark for the past three weeks, confirming the market’s structural diagnosis. Meanwhile, the On-Balance Volume (OBV) has also shown a downward trend since late May, signaling greater selling volume.
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Shiba Inu (SHIB) Price Movement Prediction
On June 13, Shiba Inu (SHIB) bottomed out at $0.0000114. Currently, local support at $0.000012 is still holding, but this situation could change in the next 24-48 hours. The downward wick formed last Friday is likely to be tested again in the near future.
A liquidation heatmap displaying the last three months of data shows two liquidity clusters close to the current price. The closer magnetic zone is at $0.0000114, which was the low point on that Friday. The liquidation levels clustered around and slightly below this local low are likely to be visited soon, although this is not a guarantee.
Investment Strategy for Shiba Inu (SHIB)
Investors can watch the $0.0000110-$0.0000114 area for a potential bullish reversal in the lower time chart, or a bullish divergence that may appear in the next few days. This could be a signal to initiate a long position. However, until such signs appear, the short-term bias may remain bearish.
Understanding market structure and technical indicators is key to making informed investment decisions. By monitoring indicators such as RSI and OBV, as well as paying attention to liquidation zones, investors can be better prepared for possible changes in the price of Shiba Inu (SHIB).
Conclusion
The price movement of Shiba Inu (SHIB) continues to be a hot topic among investors and analysts. By understanding the market dynamics and monitoring key indicators, market participants can make more informed decisions. Whether this will be a turning point for Shiba Inu or just a temporary dip, time will tell.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- AMB Crypto. Is SHIB’s bearish run over? Watch for a potential reversal near $0.0000114. Accessed on June 17, 2025
- Featured Image: Coinpedia
