The Shiba Inu price today is trading near $0.00001354, down around 1.3% in the past 24 hours after facing rejection at the $0.00001400 resistance zone. This level aligns with a major supply block seen on the daily Smart Money Concepts chart, where previous rallies have been halted. Despite the pullback, SHIB remains above its recent swing low, but momentum indicators suggest a possible test of nearby support levels. What’s Happening With Shiba Inu’s Price? SHIBUSD price dynamics (Source: TradingView) On the daily chart, SHIB continues to trade inside a long-term descending triangle, with horizontal support around $0.00001180 and a downtrend line from the 2024 highs acting as resistance. The latest bounce from the $0.00001270 demand zone pushed price toward the upper supply band but failed to break through, triggering selling pressure. SHIBUSD price dynamics (Source: TradingView) The weekly structure shows SHIB respecting the major base around $0.00001180 while being capped by the descending trendline. A breakout above $0.00001600 would be required to confirm a larger bullish reversal, but for now, the range remains intact. Why is the Shiba Inu Price Going Down Today? SHIB Spot Inflow/Outflow Data (Source: Coinglass) The pullback in Shiba Inu price is tied to multiple factors, starting with rejection at the $0.00001400–$0.00001413 supply zone, which coincides with the 4-hour upper Bollinger Band and EMA200. Sellers stepped in heavily at this confluence, with on-chain data showing a -$4.07M net outflow from SHIB spot markets in the last 24 hours, signaling capital rotation out of the asset. The Supertrend indicator on the 4-hour timeframe flipped bearish after price slipped under $0.00001390, while the DMI shows -DI at 46.63 leading +DI at 28.29, confirming short-term bearish control. SHIBUSD price dynamics (Source: TradingView) On the 30-minute chart, price broke below session VWAP ($0.00001377) and is testing an ascending trendline that has held since August 7. RSI has dropped sharply to 31.71, showing oversold conditions, while MACD momentum has turned negative. Price Indicators Show Bearish Pressure at Resistance SHIBUSD price dynamics (Source: TradingView) The 4-hour EMA cluster highlights key levels: EMA20 at $0.00001323 and EMA50 at $0.00001314 are now being tested as support, while EMA100 ($0.00001299) and EMA200 ($0.00001304) sit just below, forming a compact support range around $0.00001300. A breakdown here could accelerate losses toward $0.00001216 (lower Bollinger Band). SHIBUSD price dynamics (Source: TradingView) Bollinger Bands are still expanded from the recent rally, meaning volatility remains high, and a rapid retest of either boundary is possible. The daily Parabolic SAR shows dots flipping above the current price, signaling the early stages of a potential trend pause or reversal. Shiba Inu Price Prediction: Short-Term Outlook (24H) For August 11, Shiba Inu price will likely trade with elevated volatility as it approaches the $0.00001300–$0.00001314 support zone. If this area holds, a rebound toward $0.00001377 and $0.00001400 is possible, but bulls would need a breakout with strong volume to retest $0.00001456 and the $0.00001564 upper resistance. If price breaks and closes below $0.00001300, downside targets shift to $0.00001270 and then $0.00001216, with further weakness potentially testing the $0.00001180 major demand base. Shiba Inu Price Forecast Table: August 11, 2025 Indicator/Zone Level / Signal Shiba Inu price today $0.00001354 Resistance 1 $0.00001377 Resistance 2 $0.00001400–$0.00001413 Resistance 3 $0.00001564 Support 1 $0.00001314 Support 2 $0.00001300 Support 3 $0.00001216 RSI (30-min) 31.71 (oversold) MACD (30-min) Bearish crossover EMA Cluster (4H) EMA20 $0.00001323, EMA50 $0.00001314, EMA100 $0.00001299, EMA200 $0.00001304 Bollinger Bands (4H) Expanded, high volatility Supertrend (4H) Bearish under $0.00001390 DMI (14) -DI leads, trend strength rising Spot Netflow (24H) -$4.07M (bearish capital flow) Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.