Shiba Inu (SHIB) is currently facing short-term pressure due to significant inflows on large exchanges. The crucial support level stands at $0.0000060, while immediate resistance is around $0.0000066. Analysts project potential gains of up to 400% in the long term.
As of now, Shiba Inu (SHIB) is trading around $0.0000064, showing a 7% increase in 24 hours. However, caution is advised based on short-term dynamics.
A substantial amount of SHIB tokens, amounting to hundreds of billions, have recently entered centralized exchanges, indicating possible selling pressure. If buyers do not absorb this increased supply, the market could experience a downward trend.
Technical indicators also suggest weakening momentum, with SHIB forming a death cross on shorter timeframes, typically signaling bearish pressure in the short term.
The $0.0000060 support level has become a pivotal point. If this level holds, SHIB may stabilize; otherwise, a breach could lead to further declines towards $0.0000057 or lower. Resistance remains at around $0.0000066, which needs to be surpassed for buyers to regain control.
Further analysis reveals a growing number of tokens being held on exchanges, indicating potential selling intentions and adding to market uncertainty. Despite this, the market has shown resilience with small rallies amidst increasing selling pressure.
Long-term Shiba Inu price projections remain optimistic, with forecasts suggesting a rise to $0.00005 by late 2026, representing a more than 400% increase from current levels.
Technical analysis indicates a bullish divergence for SHIB, with a potential 400% recovery to $0.000035 levels!
— JAVON⚡️MARKS (@JavonTM1) February 16, 2026
Factors such as a broader crypto market upswing, regulatory clarity, institutional adoption, and community support could contribute to this bullish outlook. However, short-term technical weaknesses may limit immediate gains, emphasizing the importance of price stability and strong support levels.
While SHIB’s speculative nature and market dependence suggest ongoing volatility, the potential for substantial gains exists if bullish catalysts materialize. Navigating a mix of uncertainty and opportunity, SHIB’s unique position in the crypto space will continue to influence market trends.
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