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Home CRYPTO

Shiba Inu Price Faces Mixed Technical Signals

by Sham
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.

Tags: bullishShibShib KnighShiba Inu
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