Shiba Inu (SHIB) is at a critical crossroads right now. After getting hammered in recent trading, the meme coin has clawed its way back to test a key resistance level that could make or break its next move. This is one of those moments where SHIB either proves it's got some fight left or confirms the bears are still running the show.
SHIB Price Tests Former Support as Resistance
SHIB is currently trading at $0.00001219 (down 2.64% daily) after bouncing back to test the crucial $0.00001227 zone. This level used to be support but now acts as resistance — you know how it goes in crypto: yesterday's floor becomes today's ceiling.
The chart marks this area as a potential rejection zone, and while SHIB has entered this territory, it hasn't broken through convincingly yet.
If SHIB closes above $0.00001227 resistance, it could run toward $0.00001259 (roughly 3% upside). But if it gets rejected here, expect a slide back to $0.00001198.
This is a classic make-or-break moment for SHIB. The coin either proves it has fight left or confirms the bears are still in control. The tight stop-loss and reasonable target make it an interesting setup — won't blow up accounts if wrong, but could deliver decent profits if SHIB cooperates.
SHIBA INU (SHIB) Price Retests Key Resistance — Will Bulls Push Through This Time?
Shiba Inu (SHIB) is at a critical crossroads right now. After getting hammered in recent trading, the meme coin has clawed its way back to test a key resistance level that could make or break its next move. This is one of those moments where SHIB either proves it's got some fight left or confirms the bears are still running the show.
SHIB Price Tests Former Support as Resistance
SHIB is currently trading at $0.00001219 (down 2.64% daily) after bouncing back to test the crucial $0.00001227 zone. This level used to be support but now acts as resistance — you know how it goes in crypto: yesterday's floor becomes today's ceiling.
The chart marks this area as a potential rejection zone, and while SHIB has entered this territory, it hasn't broken through convincingly yet.
SHIB Price: Clean Risk-Reward Setup
The technical setup is straightforward:
Entry: $0.00001219 – $0.00001222 Target: $0.00001259 Stop loss: $0.00001198
If SHIB closes above $0.00001227 resistance, it could run toward $0.00001259 (roughly 3% upside). But if it gets rejected here, expect a slide back to $0.00001198.
This is a classic make-or-break moment for SHIB. The coin either proves it has fight left or confirms the bears are still in control. The tight stop-loss and reasonable target make it an interesting setup — won't blow up accounts if wrong, but could deliver decent profits if SHIB cooperates.