Shiba Inu (SHIB) Charts Signal Big August Move: Key Levels to Watch
August 12, 2025 by Mishal Ali
Shiba Inu is pressing against a key downtrend line it has failed to clear before. Tight price action suggests a big move could hit in August.
The token is back at the 1553 downtrend line after three failed break attempts. It’s changing hands at $0.00001330.
A confirmed breakout here could open the door to $0.00003344 and even $0.00004551.
$SHIB KNIGHT has pointed out a major test for Shiba Inu. On the daily chart, the token is back at the 1553 downtrend line after three failed break attempts. It’s changing hands at $0.00001330.
A confirmed breakout here could open the door to $0.00003344 and even $0.00004551.
On the weekly view, SHIB is stuck in a narrow band near $0.000001. Candle bodies are small with mixed wicks, showing indecision. Short-term EMAs (9 and 20) are clinging to price, with the 50 EMA still overhead at $0.000002.
This setup often shows up after a strong move, when the price is catching its breath. First, SHIB must clear $0.000002 to get any momentum going. Beyond that lies the bigger hurdle around $0.000006, the zone that stopped its last multi-week surge.
Indicators suggest that SHIB is gearing up for a bigger move, but the direction isn’t locked in yet. Bollinger Bands are squeezed, a sign that volatility is low but set to expand. The RSI is sitting at 47, which means there’s no bias in momentum; it can swing either way once a breakout starts.
The MACD is flat with its lines converging, often a sign of a trend about to form. The Awesome Oscillator is slightly negative but leveling out, showing that sellers are losing some grip.
The real test will be volume. Without a clear jump in trading activity, even a breakout could fizzle.
SHIB’s past rallies have only held when weekly volume moved above its average.
Source: www.tronweekly.com