SHIB Price Prediction: Two Major Weekly Support Levels Become Lifeline, Breaking Downtrend Line May Trigger 500% Big Pump

Shiba Inu (SHIB) has fallen 4.50% in the last 24 hours, currently priced at $0.00001261, with a cumulative decline of 35.5% year-to-date, dropping out of the top 20 in market capitalization for Crypto Assets. Technical analyst MMB Trader points out that the two major weekly support levels at $0.000010 and $0.000007 have withstood selling pressure multiple times, forming a critical defense line. If SHIB effectively breaks through the descending trend line, potential target levels are seen at $0.00003364 (+170%), $0.00005480 (+330%), and $0.00007716 (+500%). However, market sentiment and technical indicators are leaning bearish, and trading volume can verify the key to the battle between bulls and bears.

Performance has been weak this year, SHIB has fallen out of the top 20 in market capitalization rankings

Affected by the sideways movement of the market, Shiba Inu (SHIB) has fallen by 4.50% in the past 24 hours, continuing its weak trend. Its 7-day decline is also 4.50%, with a cumulative drawdown of 35.5% year-to-date, causing its market capitalization ranking to drop out of the top 20 in crypto assets. As of the time of writing, SHIB is temporarily priced at 0.00001261 USD, and market sentiment is showing divergence: the Fear and Greed Index is at 60 (in the greed zone), but technical indicators are signaling a bearish outlook in the short term. In the past 30 days, only 47% of trading days recorded gains (14/30), with a price volatility of about 7.02%.

Historical support validates effectiveness, 0.000007-0.000010 becomes the key defense line

Analyst MMB Trader emphasizes that the two major weekly support levels are crucial for SHIB:

• $0.000010: The area was tested three times in March, April, and June 2025, all of which triggered a rebound;
• 0.000007 USD: In July 2022, SHIB fell 88% from its historical high of 0.00008854 and bottomed out here (0.00000714 USD), subsequently validating the support level again in June and October 2023.

These repeatedly appearing demand zones indicate that there is strong buying power within a specific price range, serving as a potential defense line under the current weak pattern.

Break through the descending trend line or trigger a stepwise rebound

Based on historical volatility patterns and technical structure, analysts outline the potential targets for SHIB after breaking through the descending trend line:

1. First Target: $0.00003364 (approximately +170% from the current price of $0.00001249), close to the high point in December 2024;
2. Second target: $0.00005480 (+330%), aiming above the peak of $0.00004567 set during the meme coin frenzy in March 2024;
3. Long-term goal: $0.00007716 (+500%), approaching the historical peak of $0.00008854 in 2021.

Historical evidence supports its explosive potential: On March 5, 2024, SHIB soared from $0.00000967 to $0.00004567 in a single day (+372%). However, some models provide conservative estimates, predicting a target price of only $0.00001324 on September 17, 2025.

Volume and On-chain Data as Bullish and Bearish Deciding Points

Although market sentiment and technical indicators are short-term bearish, traders need to be wary of the possibility of a quick reversal. If the weekly support holds again and a catalyst boosts the volume, bullish sentiment may recover rapidly; conversely, if the support is lost, the fall may accelerate.

On-chain data verification becomes a core observation dimension:

• Breakthrough requires volume support: A breakthrough candlestick lacking in volume is difficult to sustain;
• Exchange Inflow Warning: Large amounts of SHIB transferred to centralized exchanges (CEX) often indicate that selling pressure is approaching;
• Whale Movements: Addresses holding large amounts of SHIB are worth close attention.

Conclusion: SHIB is at a critical turning point between bulls and bears. The historical support zone of $0.000010-$0.000007 constitutes the last line of defense. If it holds and breaks the downward trend line with increased volume, it could replicate a violent surge in price several times this year. However, a 35.5% decline this year and bearish technical indicators warn of risks, and investors must strictly adhere to stop-loss discipline. For meme coins, the community sentiment and market hotspots' catalytic effects cannot be ignored, and short-term volatility may remain high.