Shiba Inu (SHIB) Price Prediction For June 21 2025
The post Shiba Inu (SHIB) Price Prediction For June 21 2025 appeared on BitcoinEthereumNews.com.
The Shiba Inu price today is hovering near $0.00001173, reflecting a modest uptick after holding key support near $0.00001150. This recovery follows a period of extended downside pressure where bulls have finally begun showing signs of life. With fresh technical signals flashing across multiple timeframes, traders are watching closely to assess whether a short-term reversal is now taking shape or if this is just another lower high in a broader bearish trend. What’s Happening With Shiba Inu’s Price? SHIB price forecast (Source: TradingView) Over the past week, the Shiba Inu price has traded in a tight range between $0.00001140 and $0.00001190, with bears unable to extend losses below the $0.00001130 zone. On the 4-hour chart, a falling wedge pattern is nearing resolution, with SHIB attempting to break above the short-term descending trendline. Despite persistent lower highs since mid-June, price has now formed a series of higher lows around a firm demand area, suggesting early accumulation. The 200 EMA at $0.00001286 remains a key upside hurdle, but the presence of multiple failed breakdowns hints at buyer strength building below. Why Shiba Inu Price Going Up Today? SHIB price forecast (Source: TradingView) The Shiba Inu price going up today can be attributed to a confluence of technical and on-chain factors. First, RSI divergence on the 30-minute chart broke out decisively, with the RSI jumping to 67.70 as price cleared minor consolidation. Simultaneously, the MACD flipped bullish, and Supertrend on the 30-minute frame turned green — confirming a shift in near-term momentum. SHIB spot inflow/outflow (Source: Coinglass) On-chain, the SHIB spot exchange netflow for June 20 turned slightly positive (+$447.81K), suggesting a mild uptick in exchange deposits. While not significant in size, this shift points to cautious repositioning, as some holders may be preparing to sell into strength or test resistance zones. Shiba…
Filed under: News - @ June 20, 2025 10:27 am