SHIB Price Prediction: How High Will It Go After Testing Key Support?

#SHIB

• Oversold Technicals: SHIB is trading below its key 20-day moving average and near its lower Bollinger Band, indicating potential for a near-term technical bounce if support holds.
• Bearish Sentiment Alignment: Current news headlines emphasizing support tests and bear control directly reflect and reinforce the negative short-term technical outlook.
• Constrained Near-Term Path: Any upward movement is likely capped by the 20-day MA (0.00000851) and the upper Bollinger Band (0.00000938) until stronger bullish momentum is confirmed.

SHIB Price Prediction

SHIB Technical Analysis: Oversold Conditions Emerge Below Key Moving Average

According to BTCC financial analyst Ava, SHIB is currently trading at 0.00000791 USDT, which is approximately 7.0% below its 20-day moving average of 0.00000851. This positioning below a key short-term trend indicator suggests bearish momentum in the NEAR term. The MACD histogram reading of 0.00000044, while positive, remains weak, indicating that bullish momentum is not yet strong enough to reverse the current downtrend.

Ava notes that the price is hovering near the lower Bollinger Band at 0.00000763, which often acts as a dynamic support level. The significant gap between the current price and the upper band at 0.00000938 highlights the recent selling pressure and compressed volatility. The primary technical narrative, according to Ava, is one of a market testing support after a sharp decline, with the 20-day MA now acting as immediate resistance.

Market Sentiment Turns Cautious as SHIB Tests Critical Support Zone

BTCC financial analyst Ava interprets the recent news flow as reinforcing the technical picture. Headlines highlighting SHIB testing key support, retracing to Fibonacci levels, and bears taking control align with the price action observed on the charts. This confluence suggests a market experiencing uncertainty and a shift in sentiment from bullish to bearish in the short term.

Ava emphasizes that while the news sentiment is negative, it should be viewed through the lens of the technical structure. The 'key support' and 'Fibonacci level' mentioned in the headlines correspond directly to the technical support zones identified in the analysis, such as the lower Bollinger Band. The current sentiment, therefore, respects the technical prediction of a market under pressure and seeking a stable foundation before any potential reversal.

Factors Influencing SHIB’s Price

Shiba Inu Tests Key Support After Sharp Drop

Shiba Inu's price tumbled 5.9% in 24 hours, sliding from $0.00000845 to $0.000007874 as market sentiment turned bearish. Traders now watch whether the meme coin can reclaim the critical 0.618 Fibonacci level—a key technical threshold that could determine near-term price stability.

The sudden downturn reflects broader volatility in speculative crypto assets. SHIB's performance at this support level may signal whether recent losses mark a temporary correction or the start of deeper retracement.

Shiba Inu Retraces to Key Fibonacci Level Amid Market Uncertainty

Shiba Inu's recent pullback has brought its price back to a historically significant Fibonacci retracement zone, now viewed as a potential entry point for traders. The meme coin has surrendered most of its January gains as broader market volatility fuels corrective pressure.

Technical analysts highlight the psychological importance of this level, where accumulation typically intensifies. The retracement mirrors weakness across speculative crypto assets, with SHIB's volatility outpacing Bitcoin and Ethereum.

Shiba Inu Bears Take Control as Technical Indicator Signals Further Decline

The meme coin's brief January rally falters as bearish momentum builds. A key technical indicator now flashes warning signals, suggesting deeper losses may follow for SHIB holders.

Market sentiment sours amid broader crypto volatility, with traders shifting focus to more established assets. The dog-themed token's 24-hour trading volume slips 12% against Bitcoin and Ethereum pairs.

How High Will SHIB Price Go?

Based on the current technical setup and market sentiment analyzed by BTCC financial analyst Ava, SHIB's immediate path is likely constrained. The price first needs to reclaim the 20-day Moving Average at 0.00000851 USDT to signal a pause in the downtrend. A sustained break above this level could then open the door for a move toward the middle Bollinger Band (0.00000851) and eventually challenge the upper band resistance near 0.00000938.

For a more significant bullish move, SHIB would need to generate stronger bullish momentum, as indicated by the MACD, and overcome the overhead supply created by the recent drop. The following table outlines key price levels based on the provided data:

Therefore, while a rebound from the oversold conditions near the lower Bollinger Band is possible, the near-term upside appears limited to the 0.00000938 region unless broader market sentiment shifts decisively. The high of any move will be contingent on reclaiming lost technical ground and reversing the current bearish narrative.