SHIB Price Analysis of March 11, 2025: Shiba Inu Struggles to Spike over $0.00001190, Is a Breakout Ahead?

Are you thinking of investing in Shiba Inu today and looking for a SHIB price analysis to support your decision? As of March 11, 2025, the SHIB chart presents a detailed view of price action, highlighting resistance and support levels, technical indicators, and momentum shifts. Below is a structured breakdown of the analysis with subheadings for clarity.

Breaking $0.00001190: SHIB Price Trend and Crucial Level

The chart’s essential part consists of well-defined support zones together with resistance boundaries. At the $0.00001190, SHIB price today indicated strong selling pressure and became dominant, thus blocking any additional upward price movement. At this threshold, the price established a maximum boundary, which prevented price appreciation. 

Analyzed by baishnabtriparna, published on Tradingview on March 11, 2025

According to SHIB price analysis, a downward channel pattern was established because it established consecutive bearish trends between gradually lower peaks and valleys. The market exhibited weak buying power after reaching resistance levels, thus causing the price to stay below its limits. A price breakout occurred when purchasers gained power because the price approached the downward boundary of the channel.

SHIB Price Analysis: Understanding Key Indicators

Market conditions become clear through the essential indicator called the Relative Strength Index (RSI) in this analysis. The RSI reached above 70, but the near resistance signified an overbought situation, which forecasted a price drop probability. The price did not manage to pass through resistance which led it to start moving downward. An RSI value below 30 at the daily low point suggested that the market asset had reached an undervalued state.

MACD indicator served as a vital instrument to verify momentum trends within the market. The MACD signal generated a Golden Cross pattern when it exceeded the signal line while the price broke from its downward channel. The positive indicator reinforced advanced market buying momentum that backed the ongoing upward trend, when the price reached the resistance area, the MACD line crossed beneath the signal line, leading to a Death Cross pattern formation. 

Trading Strategies for SHIB price today: How to Play SHIB’s Potential 20% Price Swing

The SHIB price trend will heavily depend on its ability to cross above the resistance mark after a possible new resistance formation. The price exceeding $0.00001190, alongside strong buying activity, may start a price increase that aims for $0.00001220 or beyond. Bullish predictions would receive support from confirmation by an RSI value exceeding 60 and the creation of another Golden Cross on the MACD. The price will conduct a support test at $0.00001140 only after failing to break through the resistance threshold. The price likely would return to its lowest daily level of $0.00001080 if support breaks down beyond this point indicating bearish market conditions.

SHIB’s Price Chart Hints at Imminent Breakout – But Which Way?

Traders should use various price-based approaches when developing trading strategies. Stock traders who lean bullish should enter market positions for long-term gains after receiving validation of a price move beyond the resistance level while observing robust trading volume patterns. Short sellers should focus on price points where the market rejects resistance levels or drops below the support levels. The strategy allows range traders to benefit from price movements by purchasing at the bottom support level and then scalping their positions at resistance waypoints.

The SHIB/USDT price chart depicts obvious support and resistance boundaries which combine with RSI and MACD indicator analytics. While the price has shown signs of recovery, confirmation through a breakout or breakdown is necessary to determine the next major movement. Traders should closely monitor key levels and indicators before making trading decisions, ensuring they align with market conditions for optimal risk management.