Peter Smith
Shiba Inu (SHIB) is showing signs of strength despite a recent price pullback. After reaching a local high of 0.00001599, SHIB is now retesting key support levels. Traders remain optimistic as the technical setup suggests this move is part of a bullish continuation pattern rather than a reversal.
SHIB Pulls Back After Reaching 0.00001599
On July 17, 2025, Shiba Inu (SHIB) peaked at 0.00001599 before correcting slightly to close at 0.000014548. During this 2-hour candle, SHIB opened at 0.000014376, reached a high of 0.000014632, and hit a low of 0.000014342, posting a +1.19% gain with a trading volume of 84,973. Despite the price pullback, the structure remains bullish.
Moving averages are still stacked in a favorable order:
- MA(5): 0.000015181
- MA(10): 0.000015352
- MA(30): 0.000015375
These levels indicate the asset remains above short-term support and could bounce once consolidation is complete.
SHIB Price Prediction: Healthy Reset Before Another Rally?
Technical indicators suggest that this pullback is a healthy retest of recent support. As long as SHIB price holds above the 0.00001430–0.00001450 zone, the uptrend remains valid. A move back above 0.00001550 would signal renewed bullish strength and potentially open the path to retesting the 0.00001600 level and beyond.
Market participants are watching closely for a strong bounce, which could validate this pullback as a launching pad for the next leg higher.
Peter Smith
