SHIB Price Prediction: Consolidation Likely Near $0.000012 Zone
The SHIB price prediction shows a 1.55% decline over the past 24 hours, with the hourly chart indicating bearish momentum. The SHIB price prediction underscores that a break below the $0.000012 local support could send Shiba Inu toward that zone. On the daily timeframe, SHIB trades in a channel between $0.00001183 and $0.00001273 amid falling volume, pointing to a consolidation phase. Traders should expect limited volatility in the near term, as SHIB remains confined to a narrow $0.000012–$0.0000125 range. At press time, the price stands at $0.00001221.
Neutral
Despite a 1.55% drop and bearish signals on the hourly chart, low trading volume and a clear range between $0.00001183 and $0.00001273 point to consolidation rather than a strong trend. Similar past consolidations in SHIB saw limited volatility and sideways action before a decisive move. In the short term, traders face a narrow range with low momentum, while midterm outlook remains neutral until volume and a breakout confirm direction.