Shiba Inu Price Analysis February 28, 2025: Will SHIB Break Resistance or Sink Below $0.00001300?

The crypto market is going through a rough phase as the market is showing declines. This has affected the Shiba Inu, which is battling to maintain its status. Many traders are unsure whether this is just a small dip or the start of a bigger crash. With the increasing selling pressure, SHIB is at a critical point. Will it bounce back or fall even more? Let’s take a closer look at SHIB’s recent price movement over the last 24 hours. 

Shiba Inu Price Analysis Feb 27, 2025: Moving Sideway In the Range

The trading day started on a positive note, with an upward trend. The price found support at $0.00001422, allowing bulls to take control. At 1:15 UTC, a golden cross on the MACD line signaled further upward momentum, pushing the price higher. At 6:35 UTC, the RSI entered the overbought zone, signaling strong buying pressure. However, at 7:50 UTC, a death cross on the MACD line signaled a potential reversal, causing some fluctuations. 

Chart 1, Analyzed by ShwetaCW, published on TradingView, February 28, 2025

Despite this, the price quickly regained strength. At 10:00 UTC, another golden cross pushed the price to its resistance level of $0.00001486. At this point, the price had reached its peak, and a death cross at 11:20 UTC signaled the beginning of a downward trend. As the price entered a downward channel, an oversold situation at 15:00 UTC triggered further declines. The price continued fluctuating within a trading range, showing weakness. Later in the day, another oversold scenario at 20:30 UTC led to a brief dip below the support level. However, the bears couldn’t hold control for long, as a golden cross at 21:10 UTC helped the price to bounce back into the trading range. That stabilizes its price toward the end of the day.

Shiba Inu Price Analysis, February 28, 2025: Downward Channel Follows the Spike

As seen in Chart 1, SHIB started a downward trend on February 28. The selling pressure grew as the MACD line showed a death cross at 00:10 UTC, sending the price lower. Shortly after, an oversold situation at 1:30 UTC caused a temporary price surge but the price continued in a downward channel. As the movement continued, the RSI indicator reached oversold levels at 2:40 and 4:00 UTC, confirming the strong selling pressure. 

However, around 4:35 UTC, a golden cross appeared on the MACD line, indicating a possible reversal. This was the first clue that the bearish hold on the market was weakening. Despite this, the recovery was slow, and prices remained cautious. At 8:20 UTC, the price found solid support at $0.00001300, stopping further declines.  

SHIB Price Prediction: A Look Into the Future

The recent price action of Shiba Inu indicates the continuing downtrend would end. If the price grows momentum, it could break above the $0.00001340 resistance. However, if selling pressure remains, it could fail to maintain its support at $0.00001300. Traders should monitor RSI and MACD signals to confirm the next price movement. A breakout above resistance could propel the stock upward, whilst a collapse below support could prolong the bearish trend. Overall SHIB price prediction depends on market sentiment and larger crypto trends will have a significant impact on SHIB’s future path.