Shiba Inu (SHIB) Price Prediction & Analysis for July 12
2025-07-11 11:22:34
Main Idea
Shiba Inu (SHIB) price shows bullish momentum with technical and on-chain indicators suggesting potential upward movement, though short-term pullbacks are possible.
Key Points
1. Shiba Inu price is holding steady near $0.00001334 with increased momentum from technical breakout signals and favorable on-chain flows.
2. A bullish CHoCH has formed above $0.00001240, and the BOS near $0.00001290 confirms upward intent, with SHIB entering a low-liquidity zone toward $0.00001480.
3. Netflows on July 11 remained negative with over $621K in outflows, suggesting reduced sell-side pressure and reinforcing bullish sentiment.
4. Technical indicators like the Supertrend, DMI, and EMAs show a bullish bias, with the 4-hour chart indicating strong directional momentum.
5. Short-term outlook suggests potential testing of $0.00001380 and $0.00001480 if support at $0.00001320–$0.00001328 holds, but failure could see a pullback to $0.00001256.
Description
After months of sideways movement, Shiba Inu price today is showing renewed upside strength. The asset has broken above a descending trendline that had capped its recovery efforts since March. At the time of writing, Shiba Inu price is holding steady near $0.00001334 with increased momentum from both technical breakout signals and favorable on-chain flows. What’s Happening With Shiba Inu’s Price? SHIBUSD price dynamics (Source: TradingView) On the daily chart, SHIB has finally cleared a key desc...
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