Shiba Inu (SHIB) Price Prediction For July 16
2025-07-15 09:38:22
Main Idea
Shiba Inu (SHIB) price is consolidating within a symmetrical triangle formation, with potential for a breakout or rejection in the near term, influenced by technical indicators and on-chain data.
Key Points
1. Shiba Inu price is currently at $0.00001296, with key EMAs and RSI indicating bearish-leaning neutral momentum.
2. SHIB is trading within a multi-year symmetrical triangle, with support near $0.00001028 and resistance at $0.00001764.
3. On-chain netflow data shows a bearish outflow of $146.34K on July 15, contributing to the current price decline.
4. Short-term price prediction suggests a range between $0.00001240 and $0.00001380, with critical support at $0.00001200 and resistance at $0.00001404.
5. Technical indicators like MACD and Bollinger Bands suggest consolidation, with potential for bullish momentum if key levels are reclaimed.
Description
After posting a strong early July recovery, Shiba Inu price has pulled back toward a key demand zone as sellers attempt to halt the latest rally. With symmetrical triangle compression and key resistance levels overhead, traders are eyeing a potential breakout or rejection in the coming days. Shiba Inu Price Forecast Table: July 16 2025 Indicator/Zone Level / Signal Shiba Inu price today $0.00001296 Resistance 1 $0.00001404 Resistance 2 $0.00001508 Support 1 $0.00001200 Support 2 $0.00001044 EMA ...
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