Cryptos to Buy in June 2025: Shiba Inu's Potential Spike

Is Shiba Inu a crypto to watch in June 2025? Analyzing technical signals and on-chain data for potential short-term reversals and upside.

Hey crypto fam! Curious about which cryptos might make waves in June 2025? Let's dive into Shiba Inu (SHIB) and see what the charts are telling us. Could it be the underdog story we've been waiting for?

Shiba Inu's Price Dance: What's the Deal?

Shiba Inu's been playing coy, hovering around $0.00001173. Bulls are showing signs of life, defending key support near $0.00001150. But is this a true reversal or just a blip in a bearish trend? Let's break it down.

Technical Signals: Green Shoots Emerging?

Over the past week, SHIB's been stuck between $0.00001140 and $0.00001190. A falling wedge pattern on the 4-hour chart is nearing its end, with SHIB trying to break free. Despite lower highs since mid-June, we're seeing higher lows forming around a demand area – could this be early accumulation?

Why the Sudden Spark?

A mix of technical and on-chain factors seems to be fueling this uptick. RSI divergence on the 30-minute chart broke out, and the MACD flipped bullish. Plus, the Supertrend indicator turned green – near-term momentum is shifting!

On-chain data shows a slightly positive SHIB spot exchange netflow for June 20 (+$447.81K), suggesting cautious repositioning. Some holders might be prepping to sell into strength or test resistance zones.

Bollinger Bands and EMAs: The Squeeze is On!

Bollinger Bands on the 4-hour chart are tightening, signaling a potential breakout. Price is bumping against the mid-band ($0.00001195), aligned with the 50 EMA. Key levels to watch: reclaiming and holding above $0.00001200 could lead to a retest of $0.00001235–$0.00001260.

Smart Money Moves

The smart money concept chart shows SHIB bouncing from a weak low liquidity region near $0.00001120, a magnet for accumulation throughout June. Bullish CHoCH signals near this level strengthen the case for short-term upside.

Potential Hurdles

SHIB faces supply zones between $0.00001260 and $0.00001340, where previous breakdowns occurred. A clean break above this zone, supported by rising volume, could trigger a larger price spike toward $0.00001450.

Short-Term Outlook: Cautiously Optimistic

Momentum indicators are leaning bullish. A sustained move above $0.00001220 is needed to confirm a bullish reversal structure. Until then, keep an eye on support at $0.00001150 and resistance at $0.00001260.

Geopolitical Wildcards

Don't forget the global stage! Geopolitical events can throw curveballs. Cryptos, while resilient, aren't immune. Tensions like the Israel-Iran situation can cause market jitters, but historically, cryptos have bounced back.

Final Thoughts

So, should you buy SHIB in June 2025? The charts suggest a potential short-term upside, but keep an eye on those resistance levels and geopolitical headlines. As always, do your own research and invest responsibly. Happy trading, folks!