Shiba Inu (SHIB), the dog-themed meme coin, not too long ago flashed bullish indicators, as indicated by its Bollinger Bands setup. The every day Bollinger Bands paint an image of SHIB which will immediate traders to contemplate offloading their positions within the brief time period.
Shiba Inu eyes $0.000016
In response to CoinMarketCap information, SHIB is presently buying and selling at $0.0000141, up 1.25% over the previous day. SHIB rallied as excessive as $0.0000143 earlier within the day earlier than dropping to present ranges.
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On the weekly chart, the worth is advancing towards the higher Bollinger Band, presently round $0.00001414 and $0.00001432. In earlier cycles, SHIB has used this area as a launchpad for extra rallies.
Presently, the Bollinger Bands are tightening, indicating decreased volatility that may help its present worth outlook. With this, there’s a excessive risk of SHIB slipping again to the decrease bands if profit-taking measures are applied.
The projected upside would put the meme coin at round $0.000013, marking a significant drawdown from the present degree. Nevertheless, if the worth fails to fall as indicated, the $0.000015 degree would be the subsequent main goal to look at.
Nonetheless, the Relative Power Index (RSI) additional strengthens the gloomy outlook. The RSI is at 53.25, indicating impartial momentum, with no quick indicators of overbought or oversold situations.
SHIB advantages from Ethereum rally
The newest market rally has propelled Shiba Inu again into the highest 20 cryptocurrencies by market capitalization. With a market cap of $8.36 billion, SHIB is carefully behind Toncoin (TON), the Nineteenth-largest cryptocurrency.
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The latest rally on the Ethereum (ETH) market performed an enormous position in boosting the SHIB meme. ETH traded round $3,835 on Sunday, July 27, 2025, its highest degree in over a yr. Accordingly, cash flowed again into Ethereum-based tokens, with SHIB one of many greatest on this class.
Information a few main Shibarium improve could have additionally contributed to pushing the costs of the meme coin greater. This improve ensures that the wants of builders are centralized and extra accessible.