The post Shiba Inu (SHIB) Price Prediction for May 15 appeared on BitcoinEthereumNews.com.

After staging a volatile move between $0.00001550 and $0.00001650, the Shiba Inu price today is trading around $0.00001630, up nearly 2.8% on the week. Recent Shiba Inu price spikes have brought the memecoin back into a high-confluence zone on the daily chart. With bulls defending the $0.00001580–$0.00001600 demand band and lower wicks showing accumulation, the market may be gearing up for another breakout attempt above $0.00001660. What’s Happening With Shiba Inu’s Price? Shiba Inu price dynamics (Source: TradingView) The daily structure shows a clear ascending triangle breakout from early May, with SHIB jumping above the $0.00001550 ceiling after multiple failed attempts throughout April. This breakout triggered a strong impulse that briefly tapped $0.00001730 before facing resistance. The current Shiba Inu price action is forming a bull pennant on the 30-minute chart, with tightening candles and volume compression signaling a potential breakout attempt in the next 24 hours. From a broader view, SHIB is now trading above the 0.236 Fibonacci level ($0.00001533) and is targeting the next major retracement at 0.382 ($0.00001911), which aligns with February’s local top. The price also remains above the long-standing trendline support from the March low. Shiba Inu Price Action: Indicators Show Gradual Reaccumulation Shiba Inu price dynamics (Source: TradingView) The RSI on the 30-minute chart sits at 56.50 — mildly bullish but not overbought — reflecting steady reaccumulation. MACD has just crossed back into positive territory with a shallow bullish crossover, which may strengthen if volume picks up above $0.00001650. Shiba Inu price dynamics (Source: TradingView) On the 4-hour chart, Bollinger Bands have started to narrow again after expanding on May 11–12. This volatility contraction typically precedes a directional move, and the fact that SHIB continues to close candles above the middle band ($0.00001598) supports bullish continuation. Meanwhile, the price holds above all key EMAs:…

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Filed under: News - @ May 14, 2025 9:28 am