Shiba Inu (SHIB) has reached a point where the charts are giving us a clear picture of what’s going on for the once popular meme coin. The price of SHIB, according to Trading View, sits near $0.00000867, and all three major time frames — daily, weekly, monthly — now point to the same conclusion: SHIB is currently at the lower end of its range, and the next move will decide if this is just a correction or if it will go deeper.
If you look at the daily chart, SHIB trades below the middle Bollinger Band at about $0.00000950, and every attempt to climb toward the upper band around $0.00001044 has failed. This shows a market that cannot break through the resistance, but it is not collapsing either.
SHIB/USD by TradingViewThe weekly chart explains why the situation feels tighter. The Shiba Inu coin has been stuck under the weekly midband at about $0.00001197 for months, and the price now sits just above the weekly lower band near $0.00000843. When an asset sits this close to the lower band without breaching it, it usually signals exhaustion rather than a trend break.
It also shows that buyers are no longer in control.
Can SHIB survive a 30% drawdown?
The monthly chart sets the full boundary. The midband is high at about $0.00001580. That level is the best case path, and it would require a move of more than 80% from current pricing to flip SHIB back into long-term bullish form.
The lower band is at about $0.00000599, and that is the worst-case slide, a drop of around 31% that would send SHIB back to its early days’ support.
The crossroads are as follows: if the SHIB price moves back above the weekly midband, it will continue rising, but if it goes below the monthly lower band, it will confirm the other direction.
Source: https://u.today/shiba-inu-shib-at-price-crossroads-best-and-worst-case-scenarios-explained
