Shiba Inu has been stuck in a range for some time, and the question on everyone’s mind is which direction it breaks from here. According to an analysis from crypto analyst Whale Scan, the current zone is worth paying attention to.
The volatile price swings from earlier have calmed down considerably, replaced by tight candlesticks that suggest the market is quietly building pressure. Short-term sentiment leans bearish, but that does not tell the whole story.
Accumulation zones tend to attract smart money, and according to Whale Scan, dip buyers are already positioning themselves here in anticipation of the next significant move.
The $0.00000564 to $0.00000550 band has emerged as meaningful support, and SHIB has stayed above it. The $0.0000060 resistance level has been a ceiling for now, but holding support keeps a retest of that level on the table.
$SHIB Dip Analysis | Pro Trader Lens 🧠
Price holding ~$0.00000585 after clean break below $0.000006 (now resistance).
Key levels:
• Support: $0.00000564 → $0.00000550
• Resistance: $0.00000650 → $0.00000720RSI neutral (47-52), MACD bearish but flattening. Volume… pic.twitter.com/R81et5F7oa
— Whale Scan (@WhaleScan) April 9, 2026
What the Indicators Are Saying
The RSI is currently sitting right in the middle of neutral territory. There is no extreme reading in either direction. This implies that the market has not committed to a move yet. The daily MACD has flattened out significantly, reflecting a near-complete stall in momentum, though the histogram is printing short green bars that lean slightly bullish.
Volume has also pulled back, which tends to happen when markets consolidate. CoinMarketCap recorded a notable increase in 24-hour trading volume. This figure currently stands at $126.6 million, but that number is still well below what was seen in prior periods of activity.
On-Chain Activity Tells a Different Story
What makes the current setup more interesting is what is happening beneath the surface. CryptoQuant data shows that exchange outflows climbed 40.5% in 24 hours, with 321 billion SHIB tokens, roughly $1.9 million, moving off trading platforms into self-custody wallets. People are not selling.
They are pulling coins off exchanges and holding them. The burn rate jumped 156% in the same window, removing over 4.1 million tokens from circulation permanently. Shibarium upgrades continuing in the background have also kept sentiment within the broader ecosystem fairly constructive.
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Levels That Will Define the Next Move
The setup has a reasonably clear trigger. A break above $0.0000060 backed by strong volume is what analysts point to as the signal that the accumulation phase has ended and a real move is underway.
That opens the door toward $0.00000650 and $0.00000720, gains of 9.15% and 20.9% from the current price of $0.000005955. The risk scenario is a close below $0.00000550, which would undermine the bullish reading entirely and expose SHIB to further downside.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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