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Home CRYPTO

Shiba Inu Price Faces Mixed Technical Signals: Here are the Levels to Watch

Michael Juanico by Michael Juanico
August 6, 2025
in CRYPTO, FINANCE, MEMECOINS, OPINION
Reading Time: 3 mins read
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  • SHIB could rally 143.90% to $0.00002951 by November 2025 if short-term bullish patterns play out.
  • Analyst targets $0.00001400 and $0.00001600 after a breakout from a falling wedge.
  • 6-month forecast sees SHIB pulling back to $0.00002049 by February 2026, despite a potential earlier peak.

Shiba Inu (SHIB) is currently trading at $0.00001210, down 1% in the past 24 hours, and sitting in a zone of conflicting bullish and bearish pressures. Technical data from CoinCodex suggests that while short-term patterns could support an upside push, the overall sentiment remains cautious.

Shiba Inu Shib Price Chart

3-Month Outlook Points to Strong Upside Potential

According to CoinCodex’s 3-month forecast, SHIB could rally by 143.90% to $0.00002951 by November 3, 2025. Despite this optimistic projection, technical indicators still show a bearish bias, and the Fear & Greed Index sits at 60 (greed). SHIB has logged green closes on 15 out of the last 30 days, with an 8.25% average volatility over that period.

Adding to the bullish case, analyst Shib Knight noted that SHIB has broken out of a falling wedge—a classic reversal pattern—and is testing resistance at $0.00001242. If momentum sustains, his targets are $0.00001400 and $0.00001600, marking key steps toward a broader rally.

6-Month Projection Shows a Pullback From Highs

While the short-term outlook is optimistic, CoinCodex’s 6-month model projects a retracement from the potential November peak of $0.00002951 to around $0.00002049 by February 2026. This would still represent a 69.34% gain from current levels but a notable drop from the forecasted high.

Like the shorter time frame, the February outlook is paired with a bearish sentiment reading and the same 60 (greed) score on the Fear & Greed Index, suggesting caution is warranted despite possible gains.

$SHIB breakout alert 📈

Shiba has just broken out of a falling wedge, a classic bullish reversal pattern.

Price is now pushing above resistance at 0.00001242.

If momentum holds, next key targets:
👉🏻 0.00001400
👉🏻 0.00001600 pic.twitter.com/8m9DGTTgXk

— $SHIB KNIGHT (@army_shiba) August 4, 2025

Key Levels to Watch

In the near term, $0.00001242 is the immediate resistance to break for bullish momentum to build. A sustained push above this could open the door to $0.00001400 and $0.00001600. On the downside, failure to hold current levels could see SHIB drift lower before any renewed attempt at higher targets.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: bullishShibShib KnighShiba Inu
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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