- Shiba Inu’s price has dropped over 8% in the last 24 hours, facing resistance at $0.0000125, making a bullish rebound uncertain.
- While short-term volatility is expected, long-term investors may find this dip an opportunity to accumulate SHIB.
Shiba Inu (SHIB), the popular memecoin, has been caught in a whirlwind of conflicting signals after its price drop, leaving traders wondering if this is a buying opportunity or if further losses are on the horizon. Over the past 24 hours, SHIB’s price has declined by over 8%, and in the last week, it has fallen by 10%. While these figures may be concerning to some, the situation may not be all doom and gloom.
Earlier predictions suggested that Shiba Inu could bounce back from the $0.000012 support zone, with potential to rise towards $0.000014 or even higher. However, those optimistic projections haven’t materialized. Instead, the $0.0000125 level has acted as a stubborn short-term resistance, preventing the bulls from gaining any traction.
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In the face of these struggles, the bullish momentum has faltered, and the overall market sentiment remains uncertain. However, analysts point to Q2 2025 as a possible ideal time for altcoin accumulation, suggesting that long-term investors might find value in purchasing more SHIB during this consolidation phase. Short-term traders, on the other hand, might be in for a rocky ride, with some volatility expected in the near future.
On a closer look, the 4-hour chart of Shiba Inu reveals a range-bound market, oscillating between $0.000012 and $0.000013. Despite multiple attempts to push past key resistance levels, the price has failed to break free, and the Relative Strength Index (RSI) has struggled to maintain bullish momentum. This leaves the market in a neutral stance, with the On-Balance Volume (OBV) showing no significant dominance from either side.
The liquidation heatmap further adds to the uncertainty, highlighting the key levels of liquidity at $0.0000119, $0.0000118, and $0.0000125. Given the low trading volume, there’s potential for a further breakdown before any meaningful bounce.
In summary, while Shiba Inu’s recent price drop has left traders on edge, it may not signal a complete end to its prospects. Short-term traders may need to proceed with caution, while long-term investors could find this dip an opportunity to accumulate. The next few weeks could offer some much-needed clarity as market conditions evolve.
