SHIB Price Prediction: Can the Meme Coin Overcome Bearish Technicals and Hit $1?

#SHIB

SHIB Price Prediction

SHIB Technical Analysis: Bearish Signals Dominate Short-Term Outlook

SHIB is currently trading at $0.00001309, below its 20-day moving average of $0.00001406, indicating bearish momentum. The MACD histogram shows a negative value (-0.00000080), though the recent crossover suggests weakening downward pressure. Bollinger Bands show price hovering NEAR the lower band ($0.00001249), potentially signaling oversold conditions.

"The technical picture suggests continued near-term pressure," says BTCC analyst Olivia. "A sustained break above the middle Bollinger band at $0.00001406 WOULD be needed to signal trend reversal."

Mixed Sentiment for SHIB as Fundamental Headwinds Persist

Market sentiment appears conflicted with headlines ranging from whale sell-offs ($52M liquidation threats) to potential 57% rally predictions. The Tornado Cash trial implications add regulatory uncertainty while exchange security breaches (CoinDCX) may temporarily dampen retail participation.

"The news FLOW creates a 'wall of worry' for SHIB," notes BTCC's Olivia. "While the 57% rally projection grabs attention, traders should watch for sustained buying above key technical levels first."

Factors Influencing SHIB's Price

Shiba Inu’s Summer Rally Falters as Whales Cash Out

Shiba Inu’s bullish momentum has reversed sharply, with the meme coin breaking below a critical ascending channel that supported its price action throughout June and July. The breakdown follows a 456% weekly plunge in large holder netflow—a clear signal of profit-taking by whales controlling over 1% of SHIB’s supply.

On-chain metrics from IntoTheBlock reveal accelerating sell-side pressure, with the token’s technical structure now mirroring the 2021 post-rout pattern. Market technicians note such channel breaches often precede extended downtrends when accompanied by shrinking demand and rising volume.

The exodus of major investors comes despite SHIB’s earlier summer outperformance, underscoring crypto’s characteristic volatility. Retail traders now face a litmus test: whether the community’s famed "HODL" mentality can offset institutional capital flight.

Lost Keys, Dead Wallets, and Your Crypto Inheritance Plan

Billions in cryptocurrency are permanently lost due to misplaced private keys, leaving digital assets trapped in inaccessible wallets. The irreversible nature of blockchain security means no recovery options exist—unlike traditional financial accounts.

Inheritance planning for crypto requires deliberate action. Without proper documentation, holdings in tokens like SHIB, BONE, or LEASH may vanish upon death. The decentralized ethos of "your keys, your coins" becomes a liability when estate planning is neglected.

Practical solutions exist but demand proactive measures. Multisig wallets, hardware key storage with legal documents, and smart contract-based inheritance tools offer potential safeguards. The challenge lies in balancing security with accessibility for beneficiaries.

CoinDCX Denies $1B Coinbase Acquisition Rumors Amid Security Breach

CoinDCX CEO Sumit Gupta has categorically denied rumors of a potential $1 billion acquisition by U.S. crypto giant Coinbase. The Indian exchange remains committed to its mission of establishing India as a Web3 leader, despite recent operational challenges.

The rebuttal follows a $44 million security breach attributed to North Korea's Lazarus Group. Gupta emphasized CoinDCX's focus on building India's crypto infrastructure rather than pursuing exit strategies, stating the company is "not up for sale."

Market observers note the timing of these developments coincides with increased scrutiny of Indian crypto exchanges. The situation warrants attention from SHIB holders given CoinDCX's role in India's retail crypto adoption.

Roman Storm Seeks Financial Support as Tornado Cash Trial Concludes—Potential Implications for SHIB

Tornado Cash co-founder Roman Storm has issued a public plea for financial assistance to cover mounting legal costs as his trial approaches its final stages. The privacy protocol developer claims to need $1.5 million more to reach his $5 million defense fund target, with $3.4 million already raised through crypto-native platforms.

The high-profile case, involving charges of money laundering conspiracy and sanctions violations, represents a pivotal moment for decentralized finance and privacy-focused cryptocurrencies. Storm's appeal to open-source advocates highlights the broader ideological battle surrounding financial privacy in the blockchain space.

Market observers note potential Ripple effects for privacy coins and meme tokens like SHIB, as regulatory scrutiny intensifies around mixing services. The trial's outcome may establish important precedents for developer liability in decentralized protocols.

Shiba Inu Faces $52 Million Liquidation Threat Amid Market Downturn

Shiba Inu traders are bracing for potential liquidations worth $52 million as short positions dominate the market. Coinglass data reveals $51.96 million in bearish bets could trigger a downward spiral if SHIB fails to rebound from its current 6.1% weekly decline.

The memecoin's price stagnation over four months has fueled speculative shorting, with sell orders now outweighing buys. A 10-15% price surge WOULD punish bears, but current momentum suggests continued weakness toward $0.000011 support.

Market analysts note panic selling could push SHIB to add another zero, potentially creating accumulation opportunities for long-term holders. The token last traded at $0.000013, testing key psychological levels.

Shiba Inu (SHIB) Eyes 57% Rally Despite Overhead Resistance

Shiba Inu (SHIB) faces a critical juncture as it approaches key resistance levels, with a potential 57% rally on the horizon. The meme coin's price action hinges on whether bullish momentum can overcome persistent sell pressure from out-of-the-money holders.

Exchange inflows have plummeted 97% since mid-July, signaling reduced immediate selling intent. Only 70.43 billion SHIB tokens moved to exchanges on July 28 compared to 2.65 trillion two weeks prior. This dramatic cooling period typically precedes breakout opportunities.

Beneath the surface, 78% of SHIB holders remain underwater, creating dense resistance clusters between $0.000015 and $0.000019. These price levels could trigger profit-taking from early investors seeking breakeven exits.

Will SHIB Price Hit 1?

Reaching $1 per SHIB would require an unprecedented 7.6 million percent increase from current levels ($0.00001309). For context:

"While meme coins can defy logic, SHIB hitting $1 is mathematically improbable without catastrophic hyperinflation of fiat currencies," states BTCC's Olivia. "More realistic is watching for 50-100% moves against Bitcoin during risk-on cycles."

• Technical Headwinds: Price below key moving averages with bearish MACD
• Market Realities: $1 target would require impossible market cap expansion
• Sentiment Drivers: Whale activity and regulatory news creating volatility