SHIB Price Faces Crucial Test at $0.00001400 Resistance as Bears Take Control
Shiba Inu is currently facing strong resistance at $0.00001400, with a 4.42% decline in the last 24 hours amidst bearish sentiment and weakening technical indicators in the SHIB/USDT trading pair.
Shiba Inu Price Action
Shiba Inu has experienced a significant rejection at the critical $0.00001400 resistance level on August 10, 2025, leading to a major setback for bullish traders hoping for a breakout. This resistance level coincides with a substantial supply block on the daily chart, where institutional sellers have historically placed large orders, posing a significant challenge for SHIB bulls.
Despite earlier optimistic forecasts indicating a potential price target of $0.000016, representing a 23.98% increase, the market has failed to sustain bullish momentum, highlighting the tough trading environment for Shiba Inu. The recent price decline contradicts previous predictions, underscoring the rapid shifts in market sentiment when crucial technical levels are breached.
SHIB Technical Analysis
Technical indicators for Shiba Inu paint a bearish picture across various timeframes. The RSI stands at 49.00, signaling a neutral position but nearing oversold territory if selling pressure persists. The MACD configuration shows concerning signs with both the MACD line and signal line below zero, indicating a bearish trend. Despite a potentially bullish signal from the MACD histogram, the overall context suggests weak momentum following failed resistance tests.
Stochastic indicators further support the bearish momentum, with the %K at 56.10 and %D at 60.34, favoring sellers in the short term. The Bollinger Bands %B reading of 0.4934 indicates bearish pressure, with SHIB trading below the middle band, signaling potential downside risks.
Key Support and Resistance Levels
Currently, the $0.00001400 level serves as a strong resistance barrier for SHIB, impeding any bullish recovery attempts. Traders should closely monitor immediate support levels to gauge potential selling pressure, with a decisive break below key support levels signaling further downside potential.
Should You Buy SHIB Now?
While aggressive traders may see a short-term bounce opportunity in the current price decline, the risk-reward ratio is unfavorable given the significant resistance at $0.00001400. Conservative investors are advised to wait for a clear breakout above this level or a more substantial pullback to reassess their positions. Swing traders should exercise caution and await stronger support levels before entering trades to mitigate downside risks.
Conclusion
With SHIB facing a critical juncture post-rejection at $0.00001400, technical indicators point towards a bearish outlook. Traders should carefully monitor support levels, as a breach could trigger further selling pressure in the SHIB/USDT pair.
