Shiba Inu Crypto Price Prediction: SHIB Outperforming ETH

As we navigate through the awful performance of

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Volume in 24h

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over the last months, it’s evident that ETH and its ecosystem coins are lagging behind the market.

However, SHIB, one of the biggest meme coins in crypto, is slightly outperforming ETH in the monthly chart despite being based on the Ethereum network and its ecosystem.

Let’s try to dive into the key price levels of the Shiba Inu chart, its support and resistance, and price predictions.

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Shiba [SHIB]: Is Breaking Out Coming or More Consolidation?

Let’s analyze some of Shiba’s price moves!

Experts have different opinions about the SHIB chart. Some are bullish in the long run, while some are bidding on a short-term reversal after what seems likely to be a double bottom. A double bottom typically forms after a downtrend, indicating that the asset is likely to reverse course and begin an uptrend.

Looking at the Monthly timeframe of Shiba inu, it’s currently consolidating within The $0.00001150–$0.00001250 range, which is identified as a historically significant support zone for

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Volume in 24h

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. As it consolidates around $0.00001198, this support zone becomes critical for short-term traders and long-term investors.

SHIB needs to break above $0.00001250 for a confirmed bullish move. If this resistance is cleared, it could signal the beginning of a new uptrend.

But with The (RSI) for SHIB currently sitting at 51.96, indicating a neutral market sentiment, SHIB finds itself in neutral territory. This suggests that SHIB will likely stay within its current consolidation unless something changes.

Traders should watch for key levels: the $0.00001050 support (double-bottom), the $0.00001150–$0.00001250 support zone, and the resistance at $0.00001250.

If SHIB breaks above the resistance level, volume surges usually accompany breakouts. A significant volume increase could mean strong buying interest to validate the breakout, while a low-volume breakout usually means the price move lacks conviction.

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Let’s focus now on short-term price action.

By looking at the weekly chart the volume bar indicates a drop in trading activity. The price has repeatedly tested the level around $0.0000120–$0.0000125 but has failed to break above it.

Leaning toward Bearish Bias While the chart shows minor bullish pumps, the lack of significant price movement and the resistance tests suggest a bearish pattern in the short term.

Conclusion: Bullish or Bearish Short or Long?

Given what we have seen in the weekly and monthly charts, take the strategy of waiting and observing!

Either for a clear break and hold above the resistance at the $0.0000125 level to open a long position or if the price breaks below the $0.00001150 support for short positions.

$SHIB pattern is squeezing and it is getting ready for a break out at weekly chart.

I expect a rise from here if Bitcoin doesn’t spoil it. pic.twitter.com/bqR5Pw9BQL

— $SHIB KNIGHT (@army_shiba) April 16, 2025

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