Shiba Inu (SHIB) is navigating a critical phase in its price trajectory, currently undergoing a deep correction that has tested investor sentiment. However, recent technical developments suggest a potential turnaround may be on the horizon. The memecoin has reached a historically significant support level—the golden ratio—often associated with strong reversals in market cycles. Could this be the foundation for a new bullish leg?
As broader crypto markets show signs of stabilization, SHIB’s price action is drawing increasing attention. Its recent bounce and key technical formations hint at a possible recovery, especially if momentum builds around strategic support zones.
Shiba Inu Reaches Key Golden Ratio Support
Shiba Inu has found footing near $0.00002, a level that aligns closely with the 61.8% Fibonacci retracement—commonly referred to as the golden ratio. This zone has historically acted as a strong magnet during corrective phases, often triggering rebounds when respected by price.
Prior to this pullback, SHIB faced rejection near the 0.382 Fibonacci resistance at approximately $0.000037, indicating selling pressure from short-term traders. Now, with the price stabilizing at this deeper retracement level, the market may be setting up for a counter-trend move.
👉 Discover how technical levels like the golden ratio can signal high-probability trade setups.
A successful bounce from this zone could propel SHIB toward the 50-day Exponential Moving Average (EMA), currently sitting at around $0.00002464. Clearing this resistance would be a bullish confirmation, potentially reigniting interest from momentum traders.
While technical indicators present a mixed picture, there are reasons for optimism:
- The Relative Strength Index (RSI) is in neutral territory (~50), suggesting neither overbought nor oversold conditions.
- The EMAs have formed a golden crossover on certain timeframes, signaling short-to-medium-term bullish momentum.
- The MACD histogram has begun showing green bars, indicating building bullish momentum despite a recent bearish line cross.
These conflicting signals underscore market indecision—but also highlight a pivotal moment where direction could shift rapidly based on volume and sentiment.
Short-Term Bearish Signal: Death Cross on 4-Hour Chart
Despite the promising support at the golden ratio, Shiba Inu’s 4-hour chart reveals a cautionary development: a death cross formation between its Exponential Moving Averages. This occurs when the shorter-term EMA (e.g., 9 or 20-period) crosses below the longer-term EMA (e.g., 50 or 100-period), traditionally interpreted as a bearish signal.
However, context matters. While the death cross suggests short-term downward pressure, other indicators on the same timeframe tell a different story:
- The MACD lines are currently bullishly crossed, contradicting the bearish EMA signal.
- The MACD histogram is trending upward, showing increasing buying momentum over the past 24 hours.
This divergence between moving averages and momentum oscillators reflects a market in transition—possibly consolidating before the next directional breakout.
If bullish forces regain control, immediate resistance levels to watch are:
- $0.0000287 – 50% Fibonacci retracement
- $0.000035 – previous swing high and psychological barrier
A sustained move above either level could confirm resumption of the uptrend.
Weekly Outlook: MACD Points to Downward Pressure
Zooming out to the weekly chart provides a longer-term perspective—and here, caution prevails. The MACD histogram has been declining for three consecutive weeks, suggesting weakening bullish momentum and raising the possibility of an upcoming bearish crossover in the MACD lines.
Still, the RSI remains neutral, offering no clear directional bias. This implies that while upward momentum has faded, strong selling pressure hasn’t fully taken over either.
Should SHIB fail to hold the $0.00002 support, the next major safety net lies near the **50-week EMA**, currently around **$0.00001426**. This zone could serve as a last line of defense before deeper corrections unfold.
Yet even in a worst-case scenario, long-term technicals remain constructive. The monthly chart continues to display underlying strength—a crucial factor for investors with a multi-cycle horizon.
Monthly Chart Reveals Underlying Bullish Structure
Despite a steep correction—Shiba Inu shed roughly 60% from its recent peak—the monthly chart tells a different story. It reveals persistent bullish structure:
- The MACD histogram remains in positive territory, still printing higher lows.
- The MACD lines maintain a bullish crossover, indicating that long-term momentum has not reversed.
These factors suggest that the current correction may simply be part of a healthy consolidation within a larger uptrend. Historically, such pullbacks often precede renewed rallies, especially when accompanied by strong on-chain activity or ecosystem developments.
Moreover, SHIB’s performance against Bitcoin last month was nothing short of remarkable.
SHIB Surges 230% Against BTC Amid Market Rotation
In a powerful display of relative strength, Shiba Inu surged approximately 230% against Bitcoin (BTC) last month. This outperformance highlights growing demand for altcoins and memecoins during periods of sideways BTC movement.
However, this month has seen a sharp reversal, with SHIB/BTC down over 37% so far, reflecting profit-taking and sector rotation. Still, price has now reached a key Fibonacci support level in the SHIB/BTC pair, suggesting another potential rebound could be forming.
👉 Explore how cross-asset analysis like SHIB vs. BTC can uncover hidden trends.
This dynamic illustrates an important truth: while SHIB may appear weak in USD terms, its performance relative to BTC reveals pockets of strength and investor interest.
Frequently Asked Questions (FAQ)
Q: What is the golden ratio in crypto trading?
A: The golden ratio refers to the 61.8% Fibonacci retracement level, derived from the Fibonacci sequence. In technical analysis, it’s considered a high-probability area where price reversals often occur after strong moves.
Q: Is Shiba Inu still bullish long-term?
A: Yes, despite short-term volatility, key monthly indicators like the MACD and EMA structure remain bullish. As long as SHIB holds above $0.000014, the long-term outlook stays constructive.
Q: What are the next key resistance levels for SHIB?
A: Major resistance zones include $0.00002464 (50-day EMA), $0.0000287 (50% Fib), and $0.000035 (prior swing high). A breakout above these could trigger renewed buying interest.
Q: Can SHIB recover from its 60% drop?
A: Historically, SHIB has shown strong recovery patterns after deep corrections. With solid support in place and positive monthly momentum, a rebound is technically feasible.
Q: How does SHIB’s performance against BTC affect its price?
A: When SHIB rises against BTC, it signals strong altcoin demand independent of Bitcoin’s movement. This relative strength often precedes wider rallies once BTC stabilizes.
Q: What should traders watch next?
A: Monitor volume at $0.00002 support, MACD behavior on weekly charts, and any break above $0.00002464. These will provide early clues about the next major move.
Final Thoughts: A Pivotal Moment for SHIB
Shiba Inu stands at a technical crossroads. While short-term indicators flash mixed signals—from death crosses to bullish MACD divergences—the bigger picture retains structural integrity. The confluence of golden ratio support, monthly bullish momentum, and historical resilience suggests that this dip could be an opportunity rather than a collapse.
For traders and investors alike, patience and precision are key. Watching how price reacts at $0.00002 will be critical in determining whether SHIB resumes its ascent or enters a prolonged consolidation phase.
👉 Stay ahead of market shifts with real-time data and advanced charting tools.
With memecoins continuing to capture global attention and influence market sentiment, Shiba Inu remains one of the most watched assets in the crypto space—not just for its community strength, but for its repeated ability to bounce back stronger after setbacks.
Core Keywords: Shiba Inu price forecast, SHIB price prediction, golden ratio support, Fibonacci retracement, MACD indicator, EMA crossover, memecoin rally