Shiba Inu Coin Market Analysis: Shiba Inu Surges Ahead with Fully Intact Memecoin Power
Shiba Inu (SHIB) has recently pushed past a key resistance level on its hourly chart, according to analyst CryptoTrader 786, who has declared the token is breaking out with "full meme force." However, the current analysis and potential for Shiba Inu price movement after this declaration appears mixed, leaning towards cautious bearishness in the short term with possible longer-term bullish scenarios.
Despite the breakout, Shiba Inu is currently facing strong selling pressure and bearish momentum, as multiple sources indicate. The token has been experiencing weakness and price declines as of August 2025, with technical indicators and market conditions pointing to continued bearish trends.
The current price of Shiba Inu is 0.00001172, and the analyst outlines a precise entry zone for buying SHIB, along with three distinct price targets for taking profit. However, SHIB faces significant resistance at moving averages near $0.000013–$0.000015. Indicators such as the RSI around 38–56 show weak to neutral momentum, suggesting limited upside unless fresh buying interest emerges.
While large spikes in trading volume have occurred, these have not led to sustained price rallies, implying possible whale repositioning rather than broad retail-driven momentum. The surge in Shiba Inu's price followed a sustained period of sideways action, but the current data suggests such a breakout has not yet materialized technically; bulls are attempting to build support and base levels, but must overcome resistance barriers and improve momentum indicators.
On a more optimistic note, more optimistic projections from platforms like Changelly and analyst communities envision SHIB surpassing previous all-time highs and reaching significantly higher price levels by 2027–2031, driven by ecosystem growth, token burns, and Shibarium adoption. Yet, such forecasts are speculative and depend heavily on market conditions and project developments.
In conclusion, while CryptoTrader 786's enthusiasm is noteworthy, the present technical and market data show Shiba Inu is still struggling with bearish momentum and resistance pressure. A meaningful breakout requires stronger buying volume and confirmation above key resistance zones. Longer-term potential remains, but is uncertain and contingent on fundamental progress and renewed market confidence.
[1] Bearish Sentiment and Trend: Multiple sources indicate Shiba Inu (SHIB) is experiencing strong selling pressure and bearish momentum as of August 2025, with technical indicators and market conditions pointing to continued weakness and price declines in the near term.
[2] Price and Support Levels: SHIB has recently bounced from a low around $0.000010 and is trading near $0.000012, but faces significant resistance at moving averages near $0.000013–$0.000015. Indicators such as the RSI around 38–56 show weak to neutral momentum, suggesting limited upside unless fresh buying interest emerges.
[3] Volume and Momentum: While large spikes in trading volume have occurred, these have not led to sustained price rallies, implying possible whale repositioning rather than broad retail-driven momentum.
[4] Potential for Breakout: The phrase "breakout with full meme force" likely indicates optimism for a strong upward move fueled by community enthusiasm and meme-driven hype. However, current data suggests such a breakout has not yet materialized technically; bulls are attempting to build support and base levels, but must overcome resistance barriers and improve momentum indicators.
[1] It's essential for investors considering meme coins, such as Shiba Inu (SHIB), to assess the current financial climate and market trends, as the ongoing bearish sentiment and diminishing momentum could lead to further declines.
[2] Despite the optimistic projections for meme coins like SHIB, investors should be cautious when determining their entry points, as the token currently trades near $0.000012 and faces significant resistance at moving averages around $0.000013–$0.000015.
