Shiba Inu faces pressure alongside broader cryptocurrency and stock markets. Geopolitical tensions continue to weigh on investor sentiment across risk assets. The token recently encountered strong resistance at $0.00000815. This rejection has pushed SHIB back toward its yearly low demand zone. The coin now tests crucial support levels.
At press time, SHIB trades at around $0.00000784, down 1.71% over the last 24 hours.
Technical Setup Points to Potential Recovery
A bullish falling wedge pattern has emerged on SHIB's weekly chart. Crypto Jobs, a technical analyst active since 2018, identified this formation. The pattern suggests accumulation at lower levels.
The $0.00000600 zone serves as primary support. This level has held during recent sell-offs. Maintaining this floor remains essential for any upside scenario.
Five distinct price targets have been mapped out. The progression starts conservatively before reaching more ambitious levels. Each target corresponds with historical resistance zones.
The initial objective sits at $0.00001385. SHIB last traded at this level in mid-September 2025. Breaking through would represent a significant shift in momentum.
The second target arrives at $0.00001721. This price point has acted as resistance during previous rallies. Reclaiming it would confirm renewed buying interest.
Target three rests at $0.00002113. Historical data shows SHIB reaches this area during double-digit percentage breakouts. Strong volume typically accompanies such moves.
The fourth milestone stands at $0.00003210. This represents a potential 200% gain from current support levels. Such appreciation would require sustained bullish catalysts.
The final target aligns with the 2026 yearly high of $0.00003400. Reaching this peak would mark a complete reversal of recent losses. Few analysts currently price in this outcome.
Bears Maintain Short-Term Control
The weekly chart outlook contrasts sharply with shorter timeframes. Daily and four-hour charts paint a more cautious picture. Bearish momentum persists across these intervals.
Selling pressure has dominated recent trading sessions. Each attempt at recovery faces immediate resistance. Bears quickly absorb buying attempts at elevated prices.
The broader market environment compounds SHIB's challenges. Risk appetite remains subdued across cryptocurrency markets. Traditional equities exhibit similar weakness.
