- SHIB’s value rose by 2.36% during the previous 24 hours as its market demonstrates positive signs of reversing from its recent stabilization period.
- Technical indicators indicate that SHIB might move upward because RSI stands at 46.47 while MACD reveals contracting negative forces which could lead to a bullish reversal.
- Coincodex analysis indicates SHIB will rise to $0.00001898 in case it surpasses $0.00001242 creating a projected 53.59% ROI potential.
Shiba Inu has shown bullish momentum as the crypto market finally puts the tariff madness behind it. The token rebounded from yesterday’s low of $0.00001182 to post a mild 2.36% gain, continuing with the momentum today.
Shiba Inu followed a similar path last week, rallying over 20% to a high of $0.00001567 before relinquishing all its gains. An analysis highlighted that this was a fake-out, and market participants are now observing the recent trends to confirm it is not another false momentum.
As of today April 5, SHIB was trading at $0.00001236 at press time. The token has gained 2.36% in the last 24 hours, though it remained flat over the past week with a minor 3.1% decrease .Moreover SHIB dropped 8.6% over the past month.
Technical Indicators Signal Potential Bullish Reversal
The RSI currently shows values of 46.47, placing SHIB in a neutral zone— showing that it either overbought or oversold. This suggests a balanced market sentiment with no extreme momentum in either direction, though there’s slight upward movement hinting at emerging bullish interest.
Meanwhile, the MACD shows diminishing bearish momentum. Although the MACD line is still below the signal line (with a latest reading of approximately -20.01M), the gap between them is narrowing. This convergence often precedes a potential bullish crossover, which could signal the beginning of an upward trend.Overall, the technical indicators suggest SHIB is currently consolidating, with a watchful eye on the MACD for a possible bullish reversal.
Key SHIB Price Levels to Monitor
Resistance levels are observed at $0.00001240 and $0.00001242 ,which have historically acted as price barriers.Support is identified at $0.00001196 and $0.00001198,marking critical zones where buying activity has previously strengthened.These price levels remain essential during downward market movements to hamper additional price drops.
Current SHIB prices show a positive trend toward breaking its recent resistance levels because strong buying pressure dominates the short-term market. Within this timeframe the narrow spread indicates reduced market volatility that leads either to consolidation or volatile expansion.
Shiba Inu price prediction for April 06
A sustained move above $0.00001242 could confirm bullish momentum, though low trading activity still presents downside risks. Data from Coincodex show that SHIB will surge to trade at $ 0.00001898 with a increase in Potential ROI of 53.59%.Over the next five days, Shiba Inu will reach the highest price of $ 0.00001313 on Apr 12, 2025, which would represent 133.59% growth compared to the current price.
