Will Shiba Inu Price Reach $1? Chart Says Something Big Is Coming
The post Will Shiba Inu Price Reach $1? Chart Says Something Big Is Coming appeared on BitcoinEthereumNews.com.
The Shiba Inu (SHIB) community has long dreamed of a $1 target. But as of July 17, 2025, SHIB is trading at $0.00001443. A massive rally would be needed to hit that milestone—but is such a move even possible? Let’s break down the latest daily chart and understand where SHIB price is truly heading in the short term and whether $1 is even in the realm of reality. Shiba Inu Price Prediction: What Is the Current Trend on SHIB’s Daily Chart? SHIB/USD Daily Chart- TradingView The SHIB/USD daily chart shows a strong bullish structure forming. The current price action is printing higher highs and higher lows since early July, confirming the start of a short-term uptrend. The candles are Heikin Ashi, which smooths volatility and shows momentum clearly—and right now, that momentum is clearly bullish. SHIB price is trading around $0.00001443, up by +2.21% on the day, and has convincingly broken above the recent resistance at $0.00001400, targeting the next Fibonacci level at $0.00001570. Is SHIB Overbought or Just Getting Started? The RSI (Relative Strength Index) is currently at 74.37, well above the overbought threshold of 70. While this might suggest a potential cooldown, during strong trends, RSI can remain elevated for extended periods. The RSI has crossed above its signal line and continues upward, which confirms bullish momentum. That means there might be some short-term consolidation ahead, but the upside potential is still intact as long as support holds at $0.00001320. What Are the Key Resistance and Support Levels? Based on Fibonacci retracement and recent price structure, here are the levels to watch: Immediate resistance: $0.00001570 Next target zone: $0.00001800 Critical support: $0.00001320 Breakdown level: $0.00001200 If SHIB price flips $0.00001570 into support, bulls could push toward $0.00001800 swiftly—especially if volume spikes. How High Can Shiba Inu Price Go…
Filed under: News - @ July 17, 2025 11:26 am