SHIB Eyes $0.000017 as Bullish Technical Patterns Emerge

Shiba Inu (SHIB) is showing promising signs of a potential breakout, with a 4% surge in the past 12 hours and the formation of a descending triangle pattern. Traders are closely monitoring the meme coin as it tests the psychological $0.000015 level. Technical indicators, including a bullish MACD crossover and an RSI climbing above the midline, suggest further upside potential. With strong support at $0.00001393 and resistance levels in sight, SHIB could be gearing up for a move toward $0.000017. This development highlights the growing Optimism around SHIB’s price action and its ability to capitalize on bullish market conditions.

Shiba Inu Targets $0.000017 Amid Triangle Breakout Hopes

Shiba Inu (SHIB) has surged 4% in the past 12 hours, forming a descending triangle pattern that traders are watching closely. The meme coin is now testing the psychological $0.000015 level, with technical indicators suggesting potential for further upside.

On the 4-hour chart, SHIB has established a base support at $0.00001393 while facing descending resistance. The MACD’s bullish crossover and RSI’s climb above midline reinforce the positive momentum. A breakout could challenge the $0.000017 resistance zone last seen in mid-May.

Market participants are divided between anticipating a retest of support levels or a decisive breakout. The 50% Fibonacci retracement at $0.00001551 serves as immediate resistance, with the descending trendline from May’s peak forming the next technical hurdle.

Ruvi AI vs. Shiba Inu: Utility vs. Hype in the Race to $1

The crypto market’s relentless chase for the next breakout token has spotlighted two contenders: Ruvi AI (RUVI) and shiba inu (SHIB). While SHIB rides its meme-coin legacy and fervent "Shib Army" community, Ruvi AI stakes its claim on tangible utility and technological innovation. The $1 milestone looms as a symbolic battleground—one that demands either viral hype or fundamental value to breach.

Shiba Inu’s evolution beyond its Dogecoin-killer origins includes ShibaSwap and NFT ventures, yet its path to $1 remains obstructed by a massive circulating supply. Ruvi AI, by contrast, leverages early performance metrics and AI-driven use cases, positioning itself as a project where price appreciation could mirror actual adoption rather than speculative frenzy.

Shiba Inu Faces Volatility as 2 Trillion Tokens Flood Exchanges

Shiba Inu (SHIB) struggled to find direction amid significant market volatility between May 29 and May 30, 2025. Prices oscillated between $0.000013252 and $0.000014508, an 8% range, with strong support at $0.000013285 triggering upward reversals. Resistance NEAR $0.000014500 capped gains as momentum waned.

The influx of over 2 trillion SHIB tokens into exchanges, coupled with a descending triangle pattern, raised concerns about potential bearish movement. Trading volume declined as prices stabilized around $0.000013390 by May 30’s close, reflecting investor caution.

Macroeconomic headwinds—including geopolitical tensions and shifting trade policies—amplified volatility across crypto markets. Despite broader gains elsewhere, SHIB’s price action remained constrained by these technical and fundamental pressures.

Shiba Inu Price Stagnates as Traders Pivot to Unilabs for High-Growth Potential

The shiba inu price remains trapped in a narrow range, failing to capitalize on broader market momentum. Once celebrated as the ’Dogecoin killer,’ SHIB’s reliance on meme-driven appeal now faces scrutiny as investors increasingly prioritize utility.

Unilabs, an AI-backed asset management platform, has emerged as a focal point for traders seeking alternatives. Its purported 2,500% growth potential draws comparisons to historic breakout tokens, signaling a shift in speculative capital flows.

SHIB’s technical stagnation is evident in its repeated rejection at the $0.00001450 resistance level. Trading volumes remain erratic, reflecting waning enthusiasm amid the token’s limited real-world use cases.