Shiba Inu (SHIB) recovered from support near $0.0000055 before facing selling pressure around $0.0000059, showing a classic technical test between bullish demand and short-term profit-taking. The SHIB price has surged by 2.04% over the last 24 hours, but over the last week it is still down by 8.35%, reflecting cautiousness in the market.
Source: CoinMarketCap
As of writing, Shiba Inu trades near $0.5657, but weekly performance remains weak, reflecting broader caution across the meme coin market. Trading volume dropped 11.69% to $118.2 million, suggesting reduced speculative participation despite the short-term rebound attempt.
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SHIB Price Outlook: Breakout Momentum Builds
However, a crypto analyst, Haily LUNC, pointed out that Shiba Inu (SHIB) is gaining traction as bullish momentum is strengthening steadily on the lower time frames.
It is seen that the token is printing higher lows with increased trading volume, which is a sign of increased buying sentiment. The sentiment around the SHIB token is getting heated up, with traders awaiting the levels to confirm the breakout.
Source: Hailey LUNC X Post
Speculations about the potential to move much higher are spreading quickly, and projections are already surfacing throughout the crypto community.
While targets such as $0.01 are long-term discussions, the better market structure could potentially lead to a short-term price run. If SHIB can break through key resistance areas, it has the potential to spark more volatility in the meme coin space.
Shiba Inu Price Shows Weak Bearish Momentum
Shiba Inu (SHIB) has been facing constant selling pressure on the daily chart, 2026, as the price has been consistently recording lower highs and lower lows since the middle of January 2026.
Although the price did experience a temporary surge at the beginning of the year, the momentum was soon lost, causing the price to continue its downtrend.
The latest candles indicate a weak attempt to recover, showing that the bearish trend is still prevailing in the market.
Source: TradingView
Moreover, the RSI(14) is currently at 36.74, which shows strong bearish momentum but is still hovering around the oversold area without a clear indication of reversal.
At the same time, the MACD indicator is still trading below the zero line with a negative histogram, which confirms the downtrend.
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