Shiba Inu (SHIB) Price Today: Up 2.8% on the Week, Targeting $0.00001730 Resistance

Shiba Inu price today is staging a volatile move between $0.00001550 and $0.00001650, trading around $0.00001630, up nearly 2.8% on the week.

Recent Shiba Inu price spikes have brought the memecoin back into a high-confluence zone on the daily chart. With bulls defending the $0.00001580–$0.00001600 demand band and lower wicks showing accumulation, the market may be gearing up for another breakout attempt above $0.00001660.

What's Happening With Shiba Inu's Price?

The daily structure shows a clear ascending triangle breakout from early May, seeing SHIB jump above the $0.00001550 ceiling after multiple failed attempts throughout April. This breakout triggered a strong impulse that briefly tapped $0.00001730 before facing resistance.

The current Shiba Inu price action is forming a bull pennant on the 30-minute chart, with tightening candles and volume compression signaling a potential breakout attempt in the next 24 hours.

From a broader view, SHIB is now trading above the 0.236 Fibonacci level ($0.00001533) and is targeting the next major retracement at 0.382 ($0.00001911), which aligns with February’s local top. The price also remains above the long-standing trendline support from the March low.

Shiba Inu Price Action: Indicators Show Gradual Reaccumulation

The RSI on the 30-minute chart sits at 56.50 — mildly bullish but not overbought — reflecting steady reaccumulation. MACD has just crossed back into positive territory with a shallow bullish crossover, which may strengthen if volume picks up above $0.00001650.

On the 4-hour chart, Bollinger Bands have started to narrow again after expanding on May 11–12. This volatility contraction typically precedes a directional move, and the fact that SHIB continues to close candles above the middle band ($0.00001598) supports bullish continuation. Meanwhile, the price holds above all key EMAs: 20 ($0.00001584), 50 ($0.00001510), 100 ($0.00001438), and 200 ($0.00001376).

Ichimoku analysis on the 30-minute chart also adds bullish confluence. SHIB is trading above the Kumo cloud, with the Tenkan and Kijun lines crossing upward. However, flat Kijun lines suggest price may need a catalyst to break decisively higher.

Why Shiba Inu Price Going Down/Up Today?

To understand why Shiba Inu price going up today, we look at two primary factors: structure and sentiment. The price rebounded from $0.00001580 following a textbook retest of prior breakout support, signaling strong buyer presence. Moreover, the overall memecoin sector has been gaining momentum this week, with broader capital rotation into high-beta assets.

There is also clear bullish structure visible on higher timeframes. The weekly chart shows a potential trend reversal from the base formed around $0.00001230–$0.00001300. With SHIB now reclaiming levels above the 0.236 Fib zone and approaching the 0.382 region, this week’s close could confirm a trend shift if bulls push price toward $0.00001750 or higher.

Still, a failure to close above $0.00001660–$0.00001675 on strong volume could bring short-term pressure back toward $0.00001580.

SHIB Price Outlook for May 15: Can Bulls Break $0.00001660?

Heading into May 15, the Shiba Inu price update will depend heavily on whether SHIB can hold above $0.00001600 and break out of the current pennant structure. If bulls manage to push past $0.00001660 with volume, the next key resistance lies at $0.00001730 followed by $0.00001911. If rejected, expect another retest of the $0.00001580–$0.0