Shiba Inu Price Recovery: Key Levels to Watch for Next Move

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The Shiba Inu (SHIB) price is showing signs of stabilization amid a broader crypto market correction, sparking renewed interest among traders and investors. As the second-largest meme coin by market cap, SHIB’s next directional move hinges on critical technical levels that could determine whether it rebounds toward previous highs or extends its downtrend. A prominent crypto analyst known as MonoCoinSignal on TradingView has outlined pivotal support and resistance zones that market participants should monitor closely.

With SHIB currently trading around $0.000013**, down from its recent peak of **$0.000015 on March 10, the asset is at a crossroads. The outcome of its battle with key technical levels may set the tone for its performance in the coming weeks — especially as macroeconomic pressures and Bitcoin’s volatility continue to influence altcoin sentiment.

Critical Support and Resistance Zones

On the 1-hour chart, MonoCoinSignal identifies $0.000011 as a crucial support level for Shiba Inu. This zone has historically acted as a psychological floor, and its defense could pave the way for a short-term recovery. If buying pressure returns and SHIB holds above this level, the path opens toward key resistance areas at:

A breakout above $0.000015 could reignite bullish momentum and potentially push SHIB toward new all-time highs, especially if broader market conditions improve.

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However, if selling pressure intensifies and SHIB breaks below $0.000011**, the downside risks increase significantly. The analyst warns of potential drops to **$0.0000105 and even $0.000010, which would mark fresh lows and extend the current bearish trend.

Technical Indicators Signal Caution

Shiba Inu’s price is currently trading below key short-term moving averages (MAs), reinforcing the bearish bias in the near term. This positioning suggests that momentum remains with sellers, and any upward movement may be met with strong resistance unless accompanied by substantial volume.

Meanwhile, the Relative Strength Index (RSI) is approaching oversold territory, which often precedes short-term bounces in crypto assets. While this doesn’t guarantee a reversal, it increases the probability of a corrective rally — particularly if external catalysts like increased token burns or positive market sentiment emerge.

Bullish Outlook: Can SHIB Reclaim Momentum?

Despite the current downturn, there are underlying fundamentals that support a longer-term bullish case for Shiba Inu. One of the most notable developments is the recent surge in SHIB token burns — a deflationary mechanism that permanently removes coins from circulation.

A higher burn rate reduces overall supply, which, according to basic economic principles, can drive price appreciation over time if demand remains steady or increases. Although this effect may not be immediate, sustained burns could lay the foundation for future price growth.

Moreover, the crypto community remains highly engaged with the Shiba Inu ecosystem, including its decentralized exchange (ShibaSwap), NFT initiatives, and upcoming projects like Shibarium — its Layer-2 scaling solution designed to enhance transaction speed and reduce fees.

These ecosystem developments contribute to SHIB’s utility beyond mere speculation, potentially attracting more long-term holders even during periods of market uncertainty.

Bearish Risks: Downtrend Could Deepen

On the flip side, MonoCoinSignal cautions that the current market environment remains unfavorable for risk-on assets like meme coins. Bitcoin’s recent pullback below $85,000 triggered a wave of profit-taking across altcoins, and SHIB was no exception.

With the broader crypto market in correction mode, any rally in SHIB may be limited and short-lived unless accompanied by a strong catalyst — such as institutional adoption, major exchange listings, or macroeconomic easing.

If selling pressure continues and SHIB fails to hold above $0.000011**, the next support at **$0.0000105 becomes critical. A breakdown below this level could accelerate bearish sentiment and lead to further liquidations, especially among leveraged traders.

Market Context: Meme Coins in a Correction Phase

Shiba Inu isn’t alone in facing headwinds. Other popular meme coins like Dogecoin (DOGE) and PEPE have also seen significant declines following their recent rallies. This synchronized move reflects broader market dynamics rather than project-specific issues.

Investors should remember that meme coins are inherently volatile and heavily influenced by social sentiment, celebrity mentions, and speculative trading. As such, technical analysis provides valuable guidance — but should always be combined with risk management strategies.

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Frequently Asked Questions (FAQ)

Q: What is the current price of Shiba Inu?
A: As of the latest data, Shiba Inu is trading around $0.000013, though prices fluctuate frequently due to market volatility.

Q: What are the key resistance levels for SHIB?
A: The main resistance zones to watch are $0.0000127**, **$0.000014, and $0.000015. A breakout above these levels could signal a resumption of the uptrend.

Q: What happens if SHIB drops below $0.000011?
A: A break below this support level could lead to further declines toward $0.0000105** or **$0.000010, increasing bearish pressure.

Q: Are token burns affecting SHIB’s price?
A: While increased burns reduce supply and support long-term value, their immediate impact on price is limited without concurrent demand growth.

Q: Is Shiba Inu a good long-term investment?
A: SHIB offers more than just meme status — with an active ecosystem and deflationary mechanics — but it remains high-risk due to volatility and speculative nature.

Q: How does Bitcoin’s price affect Shiba Inu?
A: SHIB is highly correlated with Bitcoin. When BTC enters a correction phase, altcoins like SHIB often experience amplified sell-offs.

Final Thoughts: Monitor Closely for Breakout Signals

The Shiba Inu price is at a technical inflection point. Whether it recovers toward new highs or sinks to fresh lows depends largely on its ability to defend key support levels and respond to broader market trends.

Traders should keep an eye on volume patterns, RSI behavior, and on-chain activity — particularly token burn rates — as leading indicators of potential reversals. Meanwhile, long-term holders may view dips as accumulation opportunities, provided they’re comfortable with the inherent risks.

As always in crypto, timing and risk management are crucial.

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