Shiba Inu (SHIB) Price Prediction for August 8
Main Idea
Shiba Inu (SHIB) price is consolidating near $0.00001236, facing resistance and showing mixed signals in technical indicators, with a short-term outlook suggesting a range-bound movement.
Key Points
1. Shiba Inu price is currently at $0.00001236, holding above the $0.00001150 support zone but below key trendline resistance.
2. Technical indicators like MACD, Bollinger Bands, and EMA cluster suggest a potential volatility breakout, but price remains range-bound between $0.00001191 and $0.00001256.
3. The Supertrend on the daily timeframe is bearish, and the Parabolic SAR has flipped above price, indicating mixed signals.
4. Short-term price prediction suggests SHIB may trade between $0.00001200 and $0.00001290 in the next 24 hours, with potential for a breakout or further decline.
5. Spot netflow data shows a mild outflow of $322.14K on August 7, contributing to limited upward traction.
Description
Shiba Inu price today is consolidating near $0.00001236 after bouncing off the $0.00001150 support zone earlier this week. While the price remains below key trendline resistance, SHIB is holding just above its short-term VWAP band and continues to test the midpoint of a critical liquidity zone. Bulls are attempting to build a base for a potential breakout, but momentum remains constrained by overhead EMA resistance and historical order blocks. Shiba Inu Price Forecast Table: August 8, 2025 Indic...
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