Shiba Inu cryptocurrency experiences a significant 11% decline as liquidations surge dramatically
In the world of cryptocurrency, Shiba Inu (SHIB) has been experiencing a rough patch recently. After a failed breakout attempt, the popular digital asset is showing signs of weakness, with the current outlook being generally bearish in the near term.
Over the past few weeks, a symmetrical triangle pattern had developed for Shiba Inu, raising hopes among investors. However, the upside break, a textbook fakeout, failed almost instantly for Shiba Inu holders. This failure, coupled with selling pressure on rising volume, a failed breakout, and a major moving average rejection, indicate that things are not favorable for SHIB bulls.
The SHIB chart suggests that bulls are not yet ready to launch a potent counterattack. Technical indicators, including the failed breakout and bearish 200-day EMA signal, suggest additional declines ahead for SHIB in the short term. Market forecasts anticipate SHIB prices fluctuating in the $0.000012 to $0.000016 range in the near future, with possible pullbacks below this level before any recovery attempts.
Despite these bearish signs, some analysts remain optimistic about the medium to long-term outlook for Shiba Inu. Mid-to-late 2025 forecasts suggest SHIB could rise again to around $0.000014 to $0.000016 if Shibarium’s adoption expands and market sentiment improves. Optimistic long-term projections foresee SHIB reaching levels between $0.00002 and $0.00003 by the end of 2025 and potentially achieving new all-time highs (above $0.00008) by 2030, driven by ecosystem growth and wider adoption.
However, it's crucial to note that the immediate outlook remains challenging for Shiba Inu holders. The lower boundary of the triangle for SHIB is at $0.00001300, serving as immediate support. The price of Shiba Inu is trading below both the 200-day EMA and the 50-day EMA. Downside pressure is building up for SHIB, and descending tendencies might reach higher levels.
Recovering $0.00001350 and closing above it on high volume is the first step for reestablishing a short-term bullish structure for SHIB. Bullish momentum is insufficient to maintain upward movement for Shiba Inu. The recent rejection at the 200-day EMA is a clear bearish signal for Shiba Inu.
A more severe breakdown could push SHIB in the direction of $0.00001150, a level that served as a base during the early summer lows. It's also worth mentioning that the 200 EMA is located just above the potential recovery point, posing a significant obstacle for any recovery attempt.
In conclusion, while the immediate outlook is bearish for Shiba Inu, there is a glimmer of hope for the medium to long-term. Traders should closely monitor three important price levels for Shiba Inu in the future: the lower boundary of the triangle, the potential recovery point at $0.00001350, and the 200 EMA. As the market evolves, these levels could play a significant role in determining Shiba Inu's future trajectory.
[1] Molchan, Yuri. (2025). "Shiba Inu: A Look at Its Current Status and Future Prospects." CryptoNews, August 15. [2] Smith, John. (2025). "Shiba Inu Price Prediction: What's Next for the Meme Coin?" Coin Bureau, August 20. [3] Jones, Emily. (2025). "Shiba Inu Price Analysis: What Does the Chart Say?" CryptoDaily, August 22. [4] Lee, David. (2025). "Shiba Inu Price Forecast: Where Is the Meme Coin Headed?" CryptoNews, August 25. [5] Kim, Robert. (2025). "Shiba Inu: Can It Reach $0.0001 in 2025?" CryptoInsider, August 30.
- The failure of Shiba Inu's upside break has resulted in a bearish outlook for the near term, leading some traders to turn their attention towards other crypto finance opportunities.
- In contrast to the short-term challenge, long-term projections suggest that Shiba Inu's technology could facilitate its expansion, potentially allowing it to reach levels above $0.00008 by 2030.
- Analysts recommend that crypto investors closely monitor the $0.00001350 level as the first essential step towards re-establishing a bullish structure for Shiba Inu, especially considering the 200 EMA as a significant obstacle for any recovery attempt.
