Shiba Inu (SHIB) Price Analysis: Key Levels to Watch for Market Direction

Shiba Inu (SHIB), a popular meme coin, has shown notable price fluctuations recently. As of April 2025, SHIB’s price action across various timeframes provides important insights for traders and investors. By analyzing SHIB’s movement on the weekly, daily, 4-hour, and 1-hour charts, we can identify potential entry and exit points, key support and resistance levels, and overall market sentiment. Weekly and Daily Timeframes: Over the past week, SHIB has dropped by about 14.92%, with a monthly decline of 5.99%. Currently, SHIB is trading far below its peak of $0.00009000, achieved in September 2021. On the daily chart, SHIB remains bullish above the $0.000012 support, though it faces resistance from downward-sloping exponential moving averages (EMAs). Additionally, the Moving Average Convergence Divergence (MACD) is nearing a bearish crossover, which could signal a shift in momentum. 4-Hour Timeframe: The 4-hour chart reveals SHIB consolidating within a symmetrical triangle pattern, suggesting indecision in the market . A breakout in either direction could trigger significant movement , with a potential upward breakout targeting the $0.000020 resistance. 1-Hour Timeframe (Entry and Exit Points) On the 1-hour chart, SHIB is testing the crucial support level at $0.00001100, with additional support at $0.00001051 and $0.00001001. If SHIB holds above this support, it could rally toward resistance at $0.00001278 and $0.00001403. Conversely, a breakdown below $0.00001100 may lead to further declines. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Support and Resistance Levels Key support levels are $0.00001000 and $0.00000900, while resistance levels to watch are $0.00001278, $0.00001403, and $0.00001541. Trading Strategy Consider entering long positions above $0.00001100 with a target of $0.00001278. Set take-profit levels at $0.00001403 and $0.00001541. Place a stop-loss below $0.00001000 to manage risk. Always ensure careful analysis and risk management when trading volatile assets like SHIB. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Price Analysis: Key Levels to Watch for Market Direction appeared first on Times Tabloid .