Shiba Inu Technical Analysis: Weak Until Cycle End

Charting Guy’s technical analysis presents a clear picture of Shiba Inu’s current market position. As of late October 2025, SHIB traded at $0.00001046, placing it fractionally below the crucial 0.236 Fibonacci retracement level at $0.000011043. This positioning is significant because remaining below the 0.236 threshold typically indicates that price has yet to reclaim even the shallowest retracement of the prior cycle. The analyst’s weekly SHIB/USD chart shows successive overhead resistance levels at 0.382 near $0.000016434, 0.5 around $0.000022661, and the critical 0.618 level near $0.000031247, which Charting Guy identifies as a trend-confirmation threshold.

The technical message is unambiguous: SHIB remains structurally weak with meaningful inflection areas concentrated between $0.000016 and $0.000031. Charting Guy’s projection trace depicts a late-cycle, near-vertical advance that only materializes after a prolonged base period, visually reinforcing his contention that SHIB ‘won’t do anything until the end.’ This analysis suggests that clearing the 0.236 level would open room to test the 0.382–0.5 midpoint zone where trends typically either accelerate or fail, but current price action shows no immediate signs of such a breakthrough.

Perhaps equally telling as the Fibonacci analysis is Charting Guy’s relative-strength table, which explicitly places SHIB in his ‘Bad Looking Charts’ category. This classification came alongside his October 24 ranking of market structures across major cryptocurrencies, where he labeled Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Binance Coin (BNB), and Stellar (XLM) as ‘Good Looking Charts.’ The contrast is stark and speaks to broader market dynamics.

The ranking system further categorized Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) as ‘Decent Looking Charts,’ while placing PEPE, Chainlink (LINK), and Bitcoin Cash (BCH) in the ‘Eh Looking Charts’ bucket. SHIB found itself among the weakest performers alongside WIF, Ethereum Classic (ETC), Avalanche (AVAX), Fetch.ai (FET), Render (RENDER), Injective (INJ), Curve DAO (CRV), Algorand (ALGO), Near Protocol (NEAR), VeChain (VET), Compound (COMP), Polkadot (DOT), IOTA, Filecoin (FIL), and Cosmos (ATOM). This comprehensive ranking signals an expectation that market breadth will remain narrow and quality-led before any speculative rotation into meme-beta assets like SHIB.

Despite the bearish near-term outlook, Charting Guy’s analysis does provide a roadmap for potential late-cycle movement. His Fibonacci extension markers plot higher resistance levels at 1.0 ($0.000088410), 1.272 ($0.000185406), 1.414 ($0.000272917), and a terminal 1.618 ($0.000475605). The cycle-top roadmap concentrates risk and reward into the cluster around $0.000088 to $0.000185, a range often watched by Fibonacci practitioners for exhaustion and distribution in late-stage moves.

The projection trace shows price stalling inside the 1.0–1.272 cluster before potentially breaking above the 1.272 Fib extension and topping below the 1.414 Fib extension. A rise to $0.00022, while below the analyst’s highest projections, would still represent an incredible upside of approximately 2,055.81%—a roughly 20.56-fold increase from current levels. This framework aligns with Charting Guy’s sequencing view rather than a categorical dismissal of SHIB, suggesting that while immediate prospects appear dim, late-cycle dynamics could trigger significant movement.

The analyst’s projection emphasizes that meaningful price action for SHIB likely depends on broader market cycles and the eventual rotation from quality assets into more speculative plays. His analysis implies that investors should monitor the relative performance of ‘Good Looking’ charts like Bitcoin and Ethereum for signals about when market breadth might expand to include meme tokens. For now, the technical structure suggests patience will be required for those anticipating significant SHIB momentum.