Shiba Inu Weekly Price Analysis – March 1-8, 2025: SHIB/USDT Drops to $0.00001200 After Breakout-Rejection Pattern

Are you thinking of investing in Shiba Inu and wondering if this is the best time? The Shiba Inu weekly price analysis will definitely provide insights and help make the best decision for investment. During March 1-8, 2025, the Binance-based SHIB/USDT 30-minute price chart on Binance exhibited major price movements due to breakout events and trend reversals and momentum indicator data. During the week Shiba Inu surged with intensity until touching its weekly peak value of $0.00001480 before a robust rejection forced price correction toward $0.00001250. The RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) proved essential indicators for detecting trend changes during the entire week.

Analyzed by baishnabtriparna, published on Tradingview on March 8,2025

Shiba Inu weekly price analysis: Breakout and Initial Price Rally

The initial phase of the week displayed SHIB’s movement around the $0.00001200 support zone because of weak price movement and low trading volatility. A major price rally took place on March 2, 2025 when SHIB exceeded the $0.00001250 resistance threshold. Shib broke out at $0.00001350 within just a few hours after reaching this figure following a Golden Cross appearance on the MACD indicator. The bullish indicator proved that market control shifted toward the buyers.

An important indicator suggested strong buying power because the RSI crossed above the 70 mark which signaled that the market had moved into an overbought zone. The upward movement of SHIB reached its peak value of $0.00001480 during March 3, 2025 at 10:00 UTC in its weekly performance. The market reached its highest point during the rally when prices reached but failed to stay above the resistance area of $0.00001450-$0.00001480.

SHIB analysis: Trend Reversal and Breakdown

SHIB faced an immediate price drop following its weekly peak which started a downward price movement. RSI reached levels higher than 70 which validated price overbought territory combined with the MACD Death Cross appearance at 03:00 UTC on March 4, 2025 to start bearish market conditions. The price dropped under $0.00001350 support before moving towards $0.00001250 within a single day during March 4, 2025 at UTC time 14:00.

The bearish trend continued uninterrupted despite brief upward movement in this price range because the market developed lower highs and lower lows. SHIB continued its downward trajectory after the third Death Cross formed on March 6, 2025 and went on to reach its weekly low at $0.00001200 when UTC time reached 02:00 on March 7, 2025. When the RSI dropped below 30 it reached the oversold level indicating a possible temporary market bottom was coming.

Key Support and Resistance Levels to Watch: Will SHIB Break Out or Break Down?

SHIB’s price action demonstrated a temporary healing phase which carried it up to challenge the $0.00001300 resistance value before its dip occurred on March 7, 2025 at 10:00 UTC. Bullish momentum returned after a price recovery that received backing from a Golden Cross on the MACD indicator. The price action proved unable to cross above the downward trend line resistance because this formation began from the highest price point. This recovery failed because the RSI briefly touched over 50 but never entered overbought conditions thus revealing weak buying pressure. The price received partial acceptance at $0.00001320 before returning toward its $0.00001250 support area.

The SHIB analysis next week will be influenced mainly by its essential support and resistance. The first support level exists at $0.00001200 which acts as a crucial demand area and beside it there is an alternate support point at $0.00001250. The primary resistance starts between $0.00001300-$0.00001320 but the major barriers exist from $0.00001450 to $0.00001480. Traders must also closely monitor these levels at $0.00001300-$0.00001320 and $0.00001250-$0.00001200 because these levels trigger trend changes based on RSI and MACD indicator analysis through Death Crosses and Golden Crosses patterns.

SHIB’s Next Move: Will $0.00001200 Support Hold, or Will Sellers Take Control?

During the time period spanning from March 1-8th, 2025 Shiba Inu experienced a typical breakout-rejection pattern by reaching its weekly peak before reverting to play in and around its support ranges. Shiba Inu faces an important price milestone at $0.00001200 during the upcoming days since this level stands as fundamental support but any decrease through it means a possible fall toward $0.00001150. A price rise above $0.00001320 might generate a resistance reaction toward the $0.00001400-$0.00001450 zone. Traders should closely monitor the RSI and MACD signals, along with key price levels, to anticipate the next major move in SHIB’s price action.