Shiba Inu Crypto Price Outlook: SHIB Surpassing ETH
As we experience the disappointing performance of
Price
Volume in 24h
Price 7d
over the previous months, it’s clear that ETH along with its ecosystem coins are trailing in comparison to the crypto market.
Nonetheless, SHIB, which is among the leading meme coins in the crypto space, is marginally surpassing Ethereum in the monthly metrics even though it relies on the ETH platform and its ecosystem.
Let’s explore the significant price points on the Shiba Inu chart along with its base level, barrier level, and price forecasts.
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Shiba [SHIB]: Is a Price breakout Imminent or Will We See Continued Consolidation?
Let’s examine some of the price movements for Shiba!
Analysts have varying views on the SHIB chart. Some are uptrend about the long-term outlook, while others are anticipating a short-term rebound after what appears to be a double bottom formation. A double bottom typically arises post bearish, suggesting a potential reversal leading to an uptrend.
Examining the Monthly timeframe of Shiba Inu, it is currently consolidating within the $0.00001150–$0.00001250 range, which is recognized as a historically significant support area for
Price
Volume in 24h
Price 7d
. While it consolidates around $0.00001198, this support area becomes crucial for both short-term traders and long-term holders.
SHIB must surpass $0.00001250 for a confirmed uptrend movement. Clearing this resistance could indicate the onset of a new uptrend.
However, with the (RSI) for SHIB currently at 51.96, reflecting a neutral crypto market sentiment, SHIB is positioned in neutral grounds. This suggests that unless there is a change, SHIB will likely remain within its current consolidation.
Traders should monitor key levels: the base level at $0.00001050 (double-bottom), the price floor zone $0.00001150–$0.00001250, and the resistance at $0.00001250.
If SHIB surpasses the resistance level, it is usually accompanied by a surge in volume during breakouts. A significant rise in volume could indicate strong buying interest that supports the price breakout, while a breakout with low volume often indicates the price move lacks conviction.
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Now let’s focus on the short-term price behavior.
The weekly chart shows a decline in trading volume. The price has regularly tested the area around $0.0000120–$0.0000125 but has struggled to breach it.
Adopting a downtrend outlook, while minor optimistic surges appear on the chart, the absence of significant price movements along with repeated barrier level tests suggest a bearish trend in the near term.
Conclusion: Bullish or Pessimistic? Short or Long?
Considering the insights from both the weekly and monthly charts, it may be prudent to adopt a wait-and-see approach!
Be prepared for a clear upward movement and long-term holding above the $0.0000125 price ceiling level to consider long positions or if the price drops below the $0.00001150 base level for short entries.
$SHIB pattern is tightening and poised for a upward movement on the weekly chart.
I anticipate a rise from this point unless Bitcoin disrupts it. pic.twitter.com/bqR5Pw9BQL
— $SHIB KNIGHT (@army_shiba) April 16, 2025
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Key Insights
- The Monthly chart appears favorable while the weekly chart hints at further consolidation.
- Shiba’s price movements seem promising for the long haul but dull in the short term.
The article Shiba Inu Crypto Price Prediction: SHIB Outperforming Ethereum first appeared on 99Bitcoins.
