Is Shiba Inu Ready for a 20% Rally?

Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, continues to grab headlines even in the middle of a market slowdown. Known for its massive community and speculative surges, SHIB price has seen its price fluctuate wildly over the past few months. As traders look for clues about where it’s heading next, the daily chart tells an important story of consolidation, weakening momentum, and potential breakout opportunities. In this analysis, we’ll break down SHIB’s current price action, key support and resistance levels, and whether this meme coin could surprise the market with a fresh rally or slip lower in the coming weeks.

Shiba Inu Price Prediction: Current SHIB Price Structure

The daily Shiba Inu (SHIB) chart shows the token hovering around $0.00001147 to $0.00001167. After a mid-May peak above $0.00001800, SHIB price has steadily declined, forming a clear downtrend that recently flattened into sideways price action. The Heikin Ashi candles are mixed, indicating indecision and low momentum.

Notably, Shiba Inu price is consolidating near a horizontal support line, which appears to be around $0.00001140. This area has been tested multiple times without a clean breakdown, suggesting it is acting as a base for now. However, a lack of strong green momentum signals that buyers are not stepping in aggressively yet.

RSI Hints at Possible Reversal

Looking at the Relative Strength Index (RSI) at the bottom of the chart, the current value is around 43.93, with the signal line just below at 40.81. This shows that SHIB price is still in bearish-to-neutral territory but is trying to recover from oversold conditions seen in late June when RSI dipped below 30.

A rising RSI crossing above 50 would indicate renewed bullish momentum. Until then, Shiba Inu price needs to show stronger daily closes above resistance levels to confirm a trend reversal.

How Low Can SHIB Price Go? Support and Risk Calculation

On the downside, multiple support zones are visible. The immediate support is $0.00001140, followed by $0.00001080 and $0.00001000. If the current sideways move breaks lower, Shiba Inu price could retest $0.00001000, which would be a -12.85% drop from today’s level ($0.00001147 to $0.00001000).

Calculated:
Drop = (0.00001147 - 0.00001000) / 0.00001147 ≈ 0.1285 → ~12.85% downside risk.

Upside Potential: What Needs to Happen?

For a breakout, SHIB price must flip the recent local resistance around $0.00001200. If buyers can push SHIB above $0.00001250, the next short-term target could be $0.00001400. This represents about a 22% upside from the current level.

Calculated:
Upside = (0.00001400 - 0.00001147) / 0.00001147 ≈ 0.221 → ~22% potential upside.

But to do this, SHIB price needs strong daily candles closing above resistance, and RSI must clear the 50 mark with volume support. Without this, Shiba Inu price risks remaining stuck in its tight range.

Shiba Inu Price Prediction: Will SHIB Hold or Slip in July?

Considering the current sideways movement and the RSI’s struggle below 50, SHIB price is likely to stay range-bound in the short term. The probable range is $0.00001100 to $0.00001250 for the coming week. If Bitcoin and the broader market see relief rallies, Shiba Inu price could catch momentum and test $0.00001400 by late July.

However, if SHIB price breaks below $0.00001100 with strong volume, expect a retest of the psychological $0.00001000 mark. Right now, SHIB is in a decision zone. Traders should watch for a daily close above $0.00001250 for signs of bullish continuation or below $0.00001100 for a deeper dip. As always, risk management is vital in this low-price, high-volatility token.

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