Shiba Inu Price Analysis of March 7, 2025: SHIB Recovered from $0.00001280 Dip and Sruged 5% to $0.00001329, What Is the Next Move?

Are you looking to invest in Shiba Inu and wondering if the Shiba Inu price analysis favors an investment? On March 6, 2025, at 05:58 UTC, Shiba Inu (SHIB/USDT) was trading at $0.00001329, following a period of significant volatility marked by strong resistance at the daily high, a support level breakdown and subsequent recovery from the daily low. The price movement showcased key breakout zones, RSI overbought/oversold signals, and MACD crossovers, offering critical insights for traders.

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Analyzed by baishnabTriparna published on TradingView, March 7, 2025

The Resistance Level That Sparked a 7% Decline in SHIB

Based on Shiba Inu price analysis, early in the session, a rising channel pushed the price of SHIB to hit $0.00001390 for its peak at 06:00 UTC on March 6, 2025. A powerful resistance barrier formed at this point because the price received significant rejection there. SHIB entered a price decline by breaking through its support area at $0.00001320 at 21:00 UTC as it failed to maintain positions above $0.00001380. At 02:00 UTC on March 7, 2025, SHIB escaped its support area, leading to a drop in price, which reached $0.00001260. The bustling price sales phase reached its peak before rapid market movement restored prices to $0.00001320 at 05:58 UTC.

Shiba Inu Price Analysis: How RSI and MACD Signals Predicted SHIB’s Breakout

The Relative Strength Index (RSI) served as an indicator to spot upcoming changes in market trends. The price of SHIB reached its overbought position twice throughout March 6, 2025, when it surpassed $0.00001390 at 06:00 UTC, followed by another occurrence at 21:00 UTC when SHIB’s breakout crossed its support lines. The overbought indicators indicated buyers had run out of steam, thus initiating price adjustments. SHIB experienced its daily low at $0.00001260 when the RSI value fell below 30 at 02:30 UTC on March 7th, 2025 which indicated an oversold condition. The price demonstrated a robust rebound which propelled the RSI index into an area between the normal range.

The MACD indicator provided important trend confirmation signals through its analysis. On March 6th, the Golden Cross at 18:00 UTC indicated a bullish rally that proved brief because the Death Cross at 02:00 UTC on March 7th meant a major bearish trend, leading to the price reaching $0.00001260. A second Golden Cross emerged soon after the RSI reached an oversold level which proved that prices were resuming their rally above the $0.00001320 mark. Bullish momentum risks slowdown, according to the latest Death Cross occurrence before 06:00 UTC, unless SHIB manages to maintain a position above key resistance levels.

SHIB Price Prediction: Will $0.00001380 Be the Next Resistance Level to Break?

The essential bearish momentum started at 02:00 UTC when the price sank below $0.00001320 support. Bulls gained control of the market when SHIB managed to trade above $0.00001320. SHIB’s ability to maintain positions above this level would likely result in a new assessment of resistance between $0.00001350-$0.00001380.

Shiba Inu experienced a powerful daily high rejection while showing a dramatic price drop before bouncing up from its lowest point on March 6 and 7, 2025. The SHIB price prediction suggests that it will depend heavily on these key support and resistance levels: $0.00001260 and $0.00001380, respectively. The coin’s price potential to rise can begin if it spends time above $0.00001320 yet a lack of holding this mark may result in support tests at lower zones. I want to explain the potential paths Shiba Inu might take for your understanding.