Shiba Inu Price Faces Bearish Pressure as Google AI Predicts 16% Drop for SHIB
Ted Hisokawa Aug 10, 2025 08:57
SHIB trades in neutral territory at $0.00001196 despite Google Gemini's bearish forecast, with technical indicators showing mixed signals for August 2025.
Quick Take
• SHIB currently trading at $0.00001196 (-0.66% in 24h) • Shiba Inu's RSI remains neutral at 54.18, suggesting indecision • Google Gemini AI predicts 16.388% price decline by month-end • Exchange reserves hit yearly lows, indicating potential accumulation
What's Driving Shiba Inu Price Today?
The SHIB price faces significant headwinds this week following Google Gemini's bearish prediction published on August 7th. The AI platform forecasts a 16.388% decline to $0.00001 by August 31, 2025, citing weak technical indicators and reduced token burn activity as primary catalysts.
Despite this negative sentiment, contradictory signals emerged earlier in the week. SHIB's exchange reserves reached yearly lows on August 6th, typically indicating accumulation by long-term holders. This development sparked speculation about a potential breakout, creating a tug-of-war between bearish AI predictions and bullish on-chain metrics.
The token found crucial support at the $0.000010 level on August 5th, preventing further downside momentum. However, analysts remain divided, with some predicting continued weakness through mid-August based on deteriorating technical conditions.
SHIB Technical Analysis: Mixed Signals Create Trading Uncertainty
The current Shiba Inu technical analysis reveals a complex picture for traders. SHIB RSI sits at 54.18, placing the token in neutral territory without clear directional bias. This reading suggests neither overbought nor oversold conditions, leaving room for movement in either direction.
Shiba Inu's MACD histogram shows a slight bullish divergence at 0.0000, indicating potential momentum shifts despite the overall weak trend. The Stochastic oscillator readings of %K at 67.63 and %D at 67.87 suggest the token may be approaching overbought levels in the short term.
Based on Binance spot market data, SHIB's position within the Bollinger Bands shows a %B reading of 0.5886, indicating the SHIB price trades near the middle band. This positioning typically suggests consolidation rather than strong directional movement.
Shiba Inu Price Levels: Key Support and Resistance
Current Shiba Inu support levels center around the $0.000010 mark, which has proven resilient during recent testing. This level represents a critical floor for SHIB bulls, with breaks below potentially triggering the Google AI's predicted decline scenario.
SHIB resistance appears clustered in the $0.000012-$0.000013 range, where previous rallies have stalled. For bullish momentum to build, the SHIB/USDT pair needs to establish a foothold above these levels with sustained volume.
The 24-hour trading range reflects this consolidation pattern, with SHIB experiencing relatively contained price action. Volume data from Binance spot shows $30.2 million in daily turnover, indicating moderate but not exceptional interest from traders.
Should You Buy SHIB Now? Risk-Reward Analysis
Conservative traders should wait for clearer directional signals before establishing positions in SHIB. The conflicting narratives between AI predictions and on-chain accumulation data create elevated uncertainty that favors patience over aggressive positioning.
For risk-tolerant traders, the current SHIB price near support levels may offer attractive entry points if accompanied by strict risk management. Stop-losses below $0.000010 would limit downside exposure while allowing participation in potential rebounds.
Scalpers might find opportunities in the current consolidation range, though the relatively low volatility as measured by the daily ATR suggests limited profit potential for short-term strategies. The neutral SHIB RSI provides flexibility for both long and short positions depending on momentum shifts.
Conclusion
The SHIB price faces a critical juncture as August progresses, with Google's AI prediction creating downward pressure against accumulation signals. Traders should monitor the $0.000010 support level closely over the next 24-48 hours, as breaks below could accelerate the predicted decline toward month-end targets. Conversely, successful defense of current Shiba Inu support levels combined with increased buying volume could invalidate the bearish forecast and trigger the breakout scenario suggested by declining exchange reserves.
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