SHIB Price Faces Critical Test at $0.00001400 Resistance as Bears Take Control
Luisa Crawford Aug 12, 2025 08:54
Shiba Inu encounters strong resistance at $0.00001400, declining 4.42% in 24h amid bearish sentiment and weakening technical indicators across SHIB/USDT trading pair.
Quick Take
• SHIB currently trading down 4.42% in the last 24 hours following resistance rejection • Shiba Inu's RSI sits at neutral 49.00 but momentum indicators suggest weakening bullish pressure • Price rejection at $0.00001400 resistance level on August 10 triggered current bearish sentiment
What's Driving Shiba Inu Price Today?
The SHIB price action over the past week has been dominated by a significant rejection at the crucial $0.00001400 resistance level. This rejection, which occurred on August 10, 2025, represents a major technical setback for Shiba Inu bulls who had been hoping for a breakout above this key supply zone.
The resistance at $0.00001400 aligns with a major supply block on the daily chart, where institutional sellers have historically placed large orders. This level has proven to be a formidable barrier, causing SHIB to decline 1.3% initially and extending losses to 4.42% in the current 24-hour period.
Despite earlier analyst predictions from August 5 suggesting SHIB could reach $0.000016 (representing a potential 23.98% increase), the market has failed to sustain bullish momentum. The gap between predicted targets and actual price performance highlights the challenging environment facing Shiba Inu traders.
The current decline contradicts the optimistic forecasts, demonstrating how quickly sentiment can shift in cryptocurrency markets when key technical levels fail to hold.
SHIB Technical Analysis: Bearish Signals Emerge
The Shiba Inu technical analysis reveals a mixed but increasingly bearish picture across multiple timeframes. SHIB's RSI currently reads 49.00, positioning the token in neutral territory but dangerously close to oversold conditions if selling pressure continues.
Shiba Inu's MACD configuration shows concerning signs with the MACD line at -0.0000 and the signal line also at -0.0000. While the MACD histogram shows 0.0000, suggesting potential bullish momentum for Shiba Inu, this reading appears weak given the broader context of failed resistance tests.
The Stochastic indicators provide additional insight into SHIB's momentum, with the %K at 56.10 and %D at 60.34. This configuration suggests that while Shiba Inu isn't technically oversold, the momentum is clearly favoring sellers in the near term.
Shiba Inu's Bollinger Bands position shows a %B reading of 0.4934, indicating SHIB is trading below the middle band, which typically signals bearish pressure. The overall trend classification remains "Weak Bullish," but this appears increasingly fragile given recent price action.
Shiba Inu Price Levels: Key Support and Resistance
Based on current market structure, SHIB resistance remains firmly established at the $0.00001400 level that triggered the recent rejection. This level now represents the primary hurdle for any bullish recovery attempts.
For Shiba Inu support levels, traders should monitor the immediate support zones closely, as a break below these levels could trigger accelerated selling. The strong support level represents the ultimate line in the sand for SHIB bulls.
The pivot point calculation suggests that SHIB needs to reclaim key levels to neutralize the current bearish bias. Without a decisive break above resistance, Shiba Inu remains vulnerable to further downside pressure.
Volume analysis from Binance spot market data shows $26,379,890 in 24-hour trading volume, indicating moderate but not exceptional interest in SHIB at current levels.
Should You Buy SHIB Now? Risk-Reward Analysis
For aggressive traders, the current SHIB price decline might present a short-term bounce opportunity, but the risk-reward profile appears unfavorable given the strong resistance overhead at $0.00001400.
Conservative investors should wait for either a clear break above the $0.00001400 resistance or a more significant decline that would reset the technical picture. The current environment favors patience over aggressive positioning.
Swing traders might consider waiting for SHIB to test stronger support levels before establishing positions, as the failed resistance test suggests further downside is probable. Based on Binance spot market data, the trading volume supports this cautious approach.
Risk management becomes crucial at these levels, with stop-losses positioned below key Shiba Inu support levels to protect against extended declines.
Conclusion
The SHIB price faces a critical juncture following the rejection at $0.00001400 resistance. With technical indicators showing mixed but increasingly bearish signals and recent news events failing to provide sustained bullish catalysts, Shiba Inu appears vulnerable to further downside in the next 24-48 hours. Traders should monitor the key support levels closely, as a break below these zones could trigger more significant selling pressure across the SHIB/USDT pair.
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