The Shiba Inu price today hovers near $0.00001275, holding steady after recovering from a two-day dip that tested key Fibonacci support at $0.00001240. SHIB has formed a mild rebound off the 0.5 Fib retracement zone ($0.00001267), but upside momentum remains capped by persistent supply near $0.00001294—the 0.618 Fib level.
Shiba Inu price dynamics (Source: TradingView.)
On the 4-hour chart, SHIB is approaching a descending resistance trendline that has constrained price action since late April. The asset remains range-bound between $0.00001240 and $0.00001335. Price is also wrestling with the 50-EMA on this timeframe ($0.00001302), which coincides with a horizontal resistance band. Unless bulls secure a firm breakout above this confluence zone, the trend bias remains neutral.
What’s Happening with Shiba Inu’s Price? Oscillators Show Range-Bound Momentum
Shiba Inu price dynamics (Source: TradingView.)
Momentum indicators suggest SHIB is stabilizing but lacks strong bullish conviction. The RSI on the 15-minute and 4-hour charts fluctuates near 52 and 47, respectively—indicating a neutral trend with no overbought or oversold conditions.
Meanwhile, MACD is showing early signs of weakening bullish momentum. On the 15-minute chart, the MACD lines have flattened following a brief bullish crossover, while on the 4-hour chart, the histogram is tapering off. These signals underscore that while downside pressure has faded, buying strength remains insufficient for a decisive rally.
The EMA cluster (20/50/100/200) further highlights the compression zone around $0.00001294–$0.00001305. This band will be pivotal for short-term direction.
Why Shiba Inu is Consolidating Today: Battle at the Fib Mid-Zone
Shiba Inu price dynamics (Source: TradingView.)
Shiba Inu price lies in the tug-of-war between consolidating bulls and a stacked resistance zone overhead. After a brief dip to $0.00001250, buyers stepped in at the 0.382 Fib support ($0.00001238), initiating a modest rebound. However, the lack of follow-through above $0.00001294 is limiting upside traction.
If bulls clear the $0.00001335 level—where a prior cluster of wicks stalled rallies—a move toward $0.00001395 and even $0.00001450 becomes technically viable. But a failure to reclaim this range could invite renewed pressure toward $0.00001240 and $0.00001200.
Bollinger Bands are tightening on short-term charts, often a precursor to breakout volatility. Traders should watch for confirmation through volume and MACD slope change.
Shiba Inu (SHIB) Price Prediction: May 8 Outlook
Looking ahead, the Shiba Inu price sits in a technical squeeze, with a decisive move likely by midweek. A close above $0.00001294 and sustained momentum past $0.00001335 could shift the market bias bullish. Otherwise, the asset risks drifting back toward its lower support zone.
Until clearer momentum signals emerge, SHIB remains in consolidation mode, trading within a well-defined channel of supply and demand.
Read Also: Shiba Inu (SHIB) Price Prediction May 2025: Will SHIB Breakout or Stay Range-Bound?
Shiba Inu (SHIB) Forecast Table for May 8
| Indicator | Level / Signal | Bias |
| Current Price | $0.00001275 | Neutral |
| Key Resistance | $0.00001294 – $0.00001335 | Breakout Needed |
| Key Support | $0.00001240 / $0.00001200 | Holding Steady |
| RSI (4H) | 47.72 | Neutral |
| MACD (4H) | Flattening near zero | Weak Bullish |
| EMA (50/100/200 – 4H) | $0.00001302 / $0.00001304 / $0.00001296 | Overhead Pressure |
| Fib Resistance Levels | 0.618 – $0.00001294 / 0.786 – $0.00001334 | Critical Zones |
| Short-Term Outlook | Sideways-to-Bullish | Awaiting Breakout |
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