Shiba Inu (SHIB) Price Prediction: SHIB Rebounds from $0.000010 Support—How High Could It Climb in August?
The post Shiba Inu (SHIB) Price Prediction: SHIB Rebounds from $0.000010 Support—How High Could It Climb in August? appeared on BitcoinEthereumNews.com.
After a period of sharp declines and fading investor enthusiasm, Shiba Inu (SHIB) appears to have carved out a temporary bottom around $0.000010. The token has since rebounded modestly, now trading near $0.0000120, reflecting cautious optimism among long-term holders. Despite widespread volatility—driven in part by escalating global tariffs—SHIB’s stability is fueling speculation of a broader rebound heading into late 2025. While Bitcoin and Ethereum dropped 3% and 8% respectively last week, SHIB’s price has held up, even after a 21% fall in the past 10 days. Analysts view this correction not as a retreat, but as a potential accumulation zone before a bullish shift. Trading Volume Surges, But Momentum Lags On July 30, Shiba Inu recorded a dramatic spike in trading volume—3.49 trillion tokens exchanged within 24 hours. However, this surge failed to translate into significant price movement. SHIB hovered near $0.00001211, gaining only 2.53% for the day. Analysts view this as a potential whale repositioning event rather than organic retail-driven momentum. Despite a 318 billion SHIB token surge, trading had minimal impact as volume quickly dropped, indicating weakening market momentum. Source: ZENITH ZORO via CoinMarketCap Despite the volume, SHIB is currently facing stiff resistance from multiple technical levels: the 50-day moving average at $0.00001316, the 100-day at $0.00001304, and the 200-day at $0.00001488. The Relative Strength Index (RSI) sits at 38.46, below neutral levels, signaling weak momentum and limited upside in the short term unless fresh buying emerges. Reduced Retail Interest Signals Sentiment Shift One of the clearest indicators of waning interest in SHIB is the 40% decline in new wallet activity, suggesting a slowdown in retail participation. This trend mirrors broader market fatigue, especially amid fears of inflation and tighter regulations. SHIB forms a bullish cup-and-handle pattern with whale support, hinting at a potential 70% upside. Source: Joe…
Filed under: News - @ August 4, 2025 9:22 pm