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Shiba Inu Price Might Rebound from its 1-Month Low...Here's why

cryptoticker.io 09 November 2025 21:46, UTC

Analytics

The meme coin Shiba Inu ($SHIB) has had a tough month, dropping around 17% and currently trading near $0.0000099. As $Bitcoin tests the crucial $100K level, meme coins like $SHIB are feeling the heat — yet the latest chart patterns hint that a short-term rebound might be coming.

Shiba Inu’s market cap stands at $5.87 billion, ranking #23 on CoinMarketCap, while trading volume has plunged nearly 48% in 24 hours to $148.5 million. The slowdown suggests traders are cautious, but $SHIB’s community of 2.87 million holders remains strong — a key factor in potential recoveries.

Shiba Inu Price Analysis: A Breakout Could Be Near

The 2-hour $SHIB/USD chart shows a descending triangle formation, indicating consolidation before a potential breakout.

Resistance: $0.00001022
Immediate support: $0.00000963
Major support: $0.00000868

$SHIB/USD 2-hour chart - TradingView

Currently, $SHIB is hovering just below its 200 SMA around $0.00000986, acting as dynamic resistance. A clean breakout above this line could push prices toward $0.0000102–$0.0000104.

Meanwhile, the Stochastic RSI is at 41.16, showing mild upward momentum after exiting oversold conditions. If the buying volume returns, $SHIB could retest the upper resistance zone — but failure to break above $0.0000102 could lead to a pullback toward $0.0000086.

Bitcoin’s Influence on Meme Coins

With $BTC consolidating near $100K, most traders are reallocating funds toward Bitcoin and other large caps. Meme coins like $SHIB and PEPE have seen liquidity outflows, but they often rebound quickly once Bitcoin stabilizes.

The volume-to-market-cap ratio of 2.52% suggests that speculation has cooled — yet this phase often precedes sharp moves when confidence returns.

Shiba Inu Price Prediction: Can $SHIB Regain Momentum?

If Bitcoin remains steady above $100K and the upcoming U.S. inflation data brings positive sentiment, $SHIB could aim for $0.0000104–$0.0000108 in the short term.

However, if Bitcoin dips below $98K, bears might push $SHIB back down to the $0.0000086 support level — a zone to watch for accumulation.