- Moving Average and MACD indicators signal a bearish trend for SHIB.
- Coincodex predicts an upward momentum for the memecoin.
Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” holds a market capitalization of around $6.93 billion and has recorded a 24-hour trading volume of $176.39 million, reflecting its strong community backing and steady relevance in the memecoin sector.
At press time, the memecoin is trading at $0.00001177, having decreased by 1.37% over the past 24 hours. The price is moving in a bearish trend and is currently testing a resistance level near $0.00001194.
If it breaks above this, the next target could be $0.00001300. On the downside, the support level is around $0.00001178. If the cryptocurrency falls below this level, we may see a drop towards $0.00001100.
The blue line indicates the resistance level at $0.00001194, while the yellow line represents the support level at $0.00001178.
Also Read: Shiba Inu (SHIB) Bullish Outlook: Will It Break Its ATH Before 2026?
Analyzing Shiba Inu’s Moving Averages, MACD, and RSI
According to the Moving Average chart, the cryptocurrency is currently experiencing a bearish trend with the moving average indicator above the candles at $0.00001292. At the same time, the Moving Average Convergence Divergence (MACD) signals a bearish crossover, indicating that the price is likely to decrease for a while.
The signal line above the MACD line indicates a bearish crossover. The orange line represents the signal line, while the blue line indicates the MACD line.
The Relative Strength Index (RSI) indicates normal buying and selling activity in the altcoins network, as the median is shown between 60 and 40.
The RSI values of 44.15 and 40.94 indicate neutral market conditions, suggesting normal buying and selling activity.
October 2025 Prediction by Coincodex
According to Coincodex’s current price prediction for Shiba Inu (SHIB), the price is predicted to rise by 16.34% and reach $ 0.00001378 by October 30, 2025. Based on the Shiba Inu (SHIB) forecast, it’s now a bad time to buy the memecoin.
Based on this chart, over the next five days, the memecoin is expected to reach its highest price of $ 0.00001184 on October 1, 2025, representing 0.74% growth compared to the current price. This follows a -3.94% price change over the last 7 days.
With a negative market trend seen in September (with the price losing -5.35%), the altcoin is expected to reject the trend in October. The projected monthly trading range is between $ 0.00001166 and $ 0.00001378, with the average monthly value sitting at $ 0.00001231, which would be a -0.71% decrease compared to September. This could offer investors a potential return of 17.41%.
Also Read: Can Shiba Inu (SHIB) Surprise Investors This Month?
