SHIB Price Analysis

• Current Price: $0.00001345
• Formation: Long triangle near support
• Strong Support Level: $0.00001001
• Breakout Target: $0.00003000
• Resistance Level: $0.00008846

SHIB is consolidating within a descending triangle that’s formed over three years. The upper trendline has faced repeated rejections around $0.00008846, compressing the token’s trading range.

> It’s gonna be massive! 💥🚀$SHIB pic.twitter.com/HX4a0WtEQ9
> — SHIB POSSESSOR (@SHIBpossessor) September 19, 2025

Strong support has been holding at $0.00001001, preventing significant declines. As SHIB nears the triangle’s apex, price action suggests an imminent decision on its direction.

Moving Averages

• 7-day moving average: $0.00001257
• 30-day moving average: $0.00001426

These averages indicate a tight trading zone indicating potential for heightened volatility.

Relative Strength Index (RSI)

• Current RSI: 49.15

This neutral momentum indicates that SHIB is neither overbought nor oversold, which allows for movement in both directions.

Breakout Potential

Historically, SHIB has seen significant price surges following long consolidation periods. If the token exceeds the descending trendline at $0.00003000, it could target resistances near $0.00008846, the previous all-time high. A failure to hold the support of $0.00001001 could result in declines, although buyer interest at this level has been strong.

Market Sentiment

With a recent gain of 3.65%, SHIB is drawing renewed attention. If buying pressure increases, technical signals suggest a potential breakout could happen quickly.

Currently, SHIB is trading at $0.00001345, with moving averages and RSI displaying balance. Traders are keenly waiting for confirmation as SHIB approaches the apex of its long-established triangle, aware the breakout direction will determine short-term momentum.