Saad Ullah
Shiba Inu (SHIB) is sitting right at a crucial price point that could determine its next big move. The meme coin is currently trading around $0.00001353, and investors are wondering if it can hold this level or risk adding another zero.
SHIB Price Holds Near 20-Day Average After Strong Rally
Shiba Inu (SHIB) has pulled back after some really solid weeks, but the good news is there's no sign of that dreaded zero addition yet. The token is hanging out near $0.00001353, pretty much right at its 20-day moving average, which sits at $0.00001358.
This spot is usually a decent place to jump back in when things are trending up, but it's also where you need to pay attention if the mood starts changing. The lower support band is still way above the danger zone though, sitting around $0.00001107 - so there's still a decent floor under the current price action.
SHIB had already rocketed up almost 60% from its July low of $0.0000097 to nearly $0.000016 before hitting a wall. That rally was backed by massive volume - we're talking 2.47 trillion SHIB traded in just one session. But now it's reversed over two red days, and volume has dropped to 1.57 trillion, which might mean the selling is cooling off.
SHIB Volume Patterns Suggest Pullback Could Be Ending
The volume story here is actually pretty interesting. When SHIB was climbing, we saw huge trading numbers that showed real interest from both big players and regular folks. But during this pullback, volume has dropped quite a bit - and that's usually a good sign.
Lower volume during corrections typically means people aren't panicking to sell, and many holders are just sitting tight. This kind of pattern often sets things up for another move higher once the current pause is over.
Key SHIB Price Levels That Matter Right Now
The big question everyone's asking is whether SHIB can bounce from where it is now or if it'll close below this middle line for several days straight. If it bounces here, we might see it test that $0.000015 area again. But if it doesn't hold, it'll probably slide down to the lower band and make people nervous about losing another decimal place.
The technical setup suggests the chances of adding a fresh zero are still pretty slim for now. But here's the thing - if that $0.000011 level breaks, the whole story could change fast. SHIB holders definitely don't want to miss how this plays out over the next few days.
Saad Ullah
