The post If You Hold SHIB, Read This Before the Price Moves Again appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) price has been on a volatile ride, reflecting the broader mood of the altcoin market. As of June 12, 2025, SHIB is trading at $0.00001274 on the hourly chart and $0.00001281 on the daily chart. Both charts point toward a critical phase where Shiba Inu must either defend key support or risk deeper corrections. Let’s break down the technical analysis and predict where SHIB might head next. Shiba Inu Price Prediction: Is SHIB Price Preparing for a Short-Term Reversal? SHIB/USD 1 Hr Chart- TradingView On the hourly chart, SHIB price recently hit a low of $0.00001260 and rebounded slightly, forming a potential double-bottom pattern just above key support. The current price action is hovering around the 20-hour SMA, which is slightly below $0.00001285. A decisive close above this moving average would be the first sign of a short-term bullish reversal. The Heikin Ashi candles show fading bearish momentum as the latest red candles are shrinking. This indicates that sellers are losing control. Moreover, the price has started testing the resistance at $0.00001285 again. If bulls manage to push SHIB above $0.00001291 (the 50-hour SMA), the next upside target would be the confluence zone between $0.00001309 and $0.00001331. For this bounce to be validated, volume confirmation and a retest of $0.00001300 as support will be crucial. A 2% gain from here puts Shiba Inu price at $0.00001300, while a 5% surge pushes it to $0.00001338. What Does the Daily Chart Reveal About the Trend? SHIB/USD Daily Chart- TradingView Zooming out to the daily chart, the broader picture looks more bearish than bullish. SHIB price has been on a steady downtrend since May, failing to break past the 50-day SMA near $0.00001391. The current candle is showing rejection from the 20-day SMA, suggesting that the downtrend is still active…

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Filed under: News - @ June 12, 2025 5:27 pm