Shiba Inu Price Prediction: SHIB Holds Key Support As Chainlink Boosts Cross-Chain Utility
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Shiba Inu price today is trading at $0.00001241, holding steady after repeated defenses of the $0.00001230–$0.00001232 support band. The token remains pinned within a descending channel, with overhead resistance capped by clustered EMAs and the upper boundary of the downtrend. The market now faces a critical standoff between technical pressure and expanding cross-chain adoption news.
Shiba Inu Price Holds Support In Descending Channel
On the 4-hour chart, Shiba Inu price continues to trade inside a well-defined descending channel stretching back to mid-July. Support has been repeatedly defended at $0.00001230, where dip buyers have stepped in to stabilize losses. Overhead resistance converges near $0.00001270–$0.00001275, reinforced by the 200-EMA and the channel’s descending trendline.
Related: Ethereum (ETH) Price Prediction: Foundation Sale Sparks Market Debate
Momentum indicators are leaning neutral. The RSI currently sits at 53, reflecting balanced sentiment after recovering from late-August lows. Short-term EMAs (20 and 50) remain tangled near price, showing compression that often precedes a break…
The post Shiba Inu Price Prediction: SHIB Holds Key Support As Chainlink Boosts Cross-Chain Utility appeared first on Coin Edition.
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