In our previous analysis, we explored Dogecoin, the most widely followed memecoin, which has been testing long-term support after a sharp corrective move. Shiba Inu, another fan-favorite within the memecoin space, is now showing a similar technical setup.

Shiba Inu technical analysis

SHIBUSD - 1 Day Time Frame

After an extended period of downside pressure that intensified in October, SHIB has entered a more compressed price structure near historically relevant levels. This places attention on whether the market is attempting to build a base or if further consolidation is still required before any broader directional move can develop.

On the daily chart, Shiba Inu is currently trading near a key support area, highlighted by a blue box near the recent lows. This zone has acted as demand in the past and appears to be absorbing selling pressure again, as price action has begun to move sideways rather than extend lower. A major support line just abpve this area further reinforces its importance, suggesting that this region represents a meaningful technical floor rather than a single reaction point.

Above current price, several grey zones and lines mark areas of resistance and buy-side liquidity. The first resistance zone sits just overhead and aligns with prior consolidation, where price previously failed to maintain upward momentum. These grey boxes represent areas where liquidity has historically accumulated, meaning price could be drawn back toward them if demand begins to improve, although acceptance above them is not yet confirmed.

Higher up, additional resistance levels are visible, outlining a layered structure that could slow any recovery attempts. Between current price and these higher resistance areas, the chart also highlights a support/resistance (S/R) level, marked with a dotted line.

This level represents a higher resistance mark but has previously acted as support. If the price manages to reclaim it, further upside can be expected. Until that occurs, it remains a technically sensitive area where reactions rather than clear direction may be expected.

Overall, SHIB remains in a corrective phase, but the combination of price compression and repeated reactions near long-term support suggests downside momentum may be moderating. This keeps the focus on stabilization rather than signaling a confirmed trend reversal.

Shiba Inu price target

From a short-term perspective, the current support area remains the most important level to monitor. As long as Shiba Inu holds above this zone, price may continue consolidating, potentially allowing for a corrective move toward the nearby resistance and buy-side liquidity zones overhead. These areas may act as initial upside targets, where price reaction would be critical in determining whether further recovery is possible.

If price fails to hold the major support level, renewed selling pressure could emerge, exposing SHIB to deeper downside exploration. In that scenario, market participants may look for fresh demand to develop at lower levels before reassessing directional bias.

As with previous analyses, these levels highlight zones of interest rather than certainty. Shiba Inu is currently testing historically relevant support, while the market evaluates whether sufficient demand can begin to absorb recent selling pressure and challenge overhead resistance.