Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Bitcoin to $1 Million in Months? Samson Mow Reveals Shocking Scenario

July 9, 2025

Insiders Continue Dumping Shiba Inu (SHIB) to Load Up on Crypto’s Next Massive Winner

July 9, 2025

Crypto Firms in South Korea Set to Finally Gain Legal Status, Tax Incentives

July 9, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Shiba Inu: Assessing if SHIB bulls can defend $0.00001288

0
By Aggregated - see source on March 17, 2025 Altcoin
Share
Facebook Twitter LinkedIn Pinterest Email

 

  • The Shiba Inu weekly price action laid out a strongly bearish bias.
  • The lower timeframe chart highlighted two key Fibonacci retracement levels to watch.

Shiba Inu [SHIB] had fallen below a key long-term level last week but was trying to find its way back above. However, the price action in recent months meant the higher timeframe bias remained bearish.

The Bitcoin [BTC] range formation in December began the SHIB movement downward. Other events saw the bullish conviction in memecoins eroded, a trend that has not yet halted.

Shiba Inu bulls likely to have a hard time

Shiba Inu 1-week Chart

Source: SHIB/USDT on TradingView

On the weekly chart, Shiba Inu has a bearish structure. It broke below the $0.0000164 level, the lower high from November, and at press time was floating just above the $0.00001288 support. It closed the first weekly session in March below this level, reinforcing the bearish outlook.

The rallies in early 2024 and November 2024 were unable to challenge the highs from late 2022. This was disappointing, as Bitcoin had a lot more capital inflow over the past year than in 2022. Hopes of capital rotation into the memecoin might have been misplaced.

A bounce from the outlined weekly support is expected. However, it wouldn’t be immediate. Like the summer of 2024, there could be a few weeks of consolidation before the next move.

Shiba Inu 6-hour ChartShiba Inu 6-hour Chart

Source: SHIB/USDT on TradingView

The 6-hour chart showed SHIB trading near a local resistance at $0.0000138 (red). The OBV failed to set a higher high compared to earlier this month.

Additionally, Fibonacci retracement levels identified $0.0000135 and $0.0000142 as key short-term resistance zones.

This suggests SHIB is unlikely to rise more than 6% from its current price. The RSI reflected bullish momentum following last week’s gains, but the swing structure on the 6-hour chart remained bearish.

A breakout above $0.0000127 and its retest as support fueled recent gains. Similarly, a move above $0.0000152 could drive the next leg higher. However, the weekly chart does not indicate such a breakout is imminent.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Next: Bitcoin Reserve? South Korea joins Japan, Switzerland in…

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin to $1 Million in Months? Samson Mow Reveals Shocking Scenario

July 9, 2025

Insiders Continue Dumping Shiba Inu (SHIB) to Load Up on Crypto’s Next Massive Winner

July 9, 2025

Crypto Firms in South Korea Set to Finally Gain Legal Status, Tax Incentives

July 9, 2025
Leave A Reply Cancel Reply

What's New Here!

Bitcoin to $1 Million in Months? Samson Mow Reveals Shocking Scenario

July 9, 2025

Insiders Continue Dumping Shiba Inu (SHIB) to Load Up on Crypto’s Next Massive Winner

July 9, 2025

Crypto Firms in South Korea Set to Finally Gain Legal Status, Tax Incentives

July 9, 2025

Pi Network Price Prediction 2030: Could Pi Coin Hit $100 with AI Integration?

July 9, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.