Shiba Inu (SHIB) Price Prediction May 2025: Will SHIB Breakout or Stay Range-Bound?
Shiba Inu (SHIB) enters May 2025 trading around the $0.00001340 zone, consolidating after a mild recovery from the April lows. Price is hovering near a key descending resistance line, with market participants awaiting a decisive breakout or breakdown. Here’s a detailed multi-timeframe analysis based on the latest chart patterns.
Weekly Chart: Fibonacci Structure Sets the Mid-Term Tone
The weekly Fibonacci retracement (from the $0.00003343 high to the $0.00001080 low) provides key zones of interest:
- 0.382 Fib: $0.00002478
- 0.5 Fib: $0.00002212
- 0.618 Fib: $0.00001945 (current ceiling zone)
SHIB has been trading below the 0.618 Fib level for several weeks, struggling to gain bullish momentum. Any sustained move above $0.00001950 would open the door to revisit the $0.000022 and $0.000024 areas. If it fails to hold above $0.00001300, a return to the $0.00001100–$0.00001080 support zone becomes likely.
Daily Chart: Descending Triangle Breakout Watch
SHIB is currently testing the upper boundary of a descending triangle formation on the daily chart. Key …
The post Shiba Inu (SHIB) Price Prediction May 2025: Will SHIB Breakout or Stay Range-Bound? appeared first on Coin Edition.
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Shiba Inu (SHIB) Price Prediction May 2025: Will SHIB Breakout or Stay Range-Bound?
Shiba Inu (SHIB) enters May 2025 trading around the $0.00001340 zone, consolidating after a mild recovery from the April lows. Price is hovering near a key descending resistance line, with market participants awaiting a decisive breakout or breakdown. Here’s a detailed multi-timeframe analysis based on the latest chart patterns.
Weekly Chart: Fibonacci Structure Sets the Mid-Term Tone
The weekly Fibonacci retracement (from the $0.00003343 high to the $0.00001080 low) provides key zones of interest:
- 0.382 Fib: $0.00002478
- 0.5 Fib: $0.00002212
- 0.618 Fib: $0.00001945 (current ceiling zone)
SHIB has been trading below the 0.618 Fib level for several weeks, struggling to gain bullish momentum. Any sustained move above $0.00001950 would open the door to revisit the $0.000022 and $0.000024 areas. If it fails to hold above $0.00001300, a return to the $0.00001100–$0.00001080 support zone becomes likely.
Daily Chart: Descending Triangle Breakout Watch
SHIB is currently testing the upper boundary of a descending triangle formation on the daily chart. Key …
The post Shiba Inu (SHIB) Price Prediction May 2025: Will SHIB Breakout or Stay Range-Bound? appeared first on Coin Edition.
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