SHIB Bearish Signals Despite Recent Gains: ATH Unlikely

According to TradingView data, Shiba Inu’s technical indicators are flashing warning signs despite the memecoin’s recent positive price movement. The Moving Average currently sits at $0.00001284, positioned above the current trading price of $0.00001220, indicating a bearish trend pattern. More concerning for traders is the Moving Average Convergence Divergence (MACD) indicator, which shows a clear bearish crossover with the signal line above the MACD line. This technical formation typically suggests that the price is likely to decrease in the near term, contradicting the short-term bullish sentiment observed in recent trading sessions.

The Relative Strength Index (RSI) provides some neutral ground, with values of 51.18 and 41.45 indicating normal buying and selling activity within the SHIB network. This RSI reading places the memecoin in a neutral zone between 40 and 60, suggesting that neither buyers nor sellers currently dominate market momentum. However, the combination of bearish Moving Average and MACD signals creates a concerning technical backdrop that experienced traders are likely monitoring closely for confirmation of a broader downtrend.

Shiba Inu currently faces a crucial technical test as it approaches key resistance and support levels. According to CoinMarketCap data, SHIB holds a market capitalization of approximately $7.19 billion with a 24-hour trading volume of $253.85 million, reflecting its strong community backing and steady relevance in the competitive memecoin sector. The immediate resistance level sits at $0.00001294, a price point that SHIB must convincingly break above to potentially target the next psychological barrier at $0.00001300.

On the downside, critical support rests at $0.00001213. A breach below this level could trigger further selling pressure, potentially pushing SHIB toward $0.00001100. These technical levels are particularly important given SHIB’s designation as the “Dogecoin killer” and its status as one of the most popular memecoins in the cryptocurrency market. The current price action shows SHIB distinguishing itself with bullish sentiment while the broader cryptocurrency market experiences fluctuations, though technical indicators suggest this momentum may be difficult to sustain.

Coincodex’s price prediction for Shiba Inu presents a mixed long-term outlook. The forecasting platform projects a 16.48% price increase that would bring SHIB to $0.00001409 by October 23, 2025. This projection aligns with a steady upward trajectory through late 2025, with potential returns on investment ranging from 15.31% in September to 18.54% in November before cooling slightly to 13.41% in December. However, Coincodex simultaneously warns that now may be a bad time to buy the memecoin, citing potential downward trends in the coming days.

The most significant challenge for SHIB remains the substantial gap between current projections and its previous all-time high of $0.00008845. Despite the predicted growth through 2025, these price targets remain significantly below SHIB’s historical peak. The analysis suggests that without a major catalyst or broader bull market surge, SHIB is unlikely to break its all-time high before 2026. This creates a complex investment thesis where short-term gains must be weighed against long-term resistance levels and the memecoin’s ability to generate sustained momentum beyond community-driven speculation.