Shiba Inu Forecast for Jan 19: Can SHIB Lift Back Above 0.618 Fibonacci Level?

Shiba Inu tests key support after a sharp drop, with traders watching whether SHIB can reclaim the 0.618 Fibonacci level to stabilize price.

Shiba Inu’s (SHIB) price has experienced a significant drop of 5.9% in the last 24 hours, falling from $0.00000845 to the current $0.000007874, which highlights a sudden market downturn. This sharp decline coincides with rising market volatility, as reflected by the sudden surge in trading volume, up over 108%, and the negative price action.

Further, SHIB has faced significant volatility over the past week, with its price dropping by 6.5% within this period. Over the 14 days, the loss is slightly less severe at 9.5%, which shows that the selling pressure has been persistent, with the coin failing to find solid support at key levels.

Looking at a 30-day window, Shiba Inu is still up by 5.4%, indicating that its longer-term performance remains positive despite recent losses. Can this dip be part of a consolidation phase rather than a long-term reversal?

Shiba Inu Prediction

On the technical analysis side, SHIB has now tested the 0.786 Fib retracement $0.0000075162. So far, price is still holding above that band, but the bounce has not been confirmed yet because it has not reclaimed the 0.618 level at $0.0000080620. In practical terms, the 0.786 test shows buyers are still defending the retracement zone, but the structure remains weak until the market proves it can lift back above 0.618.

Shiba Inu 1 Day Chart

For the setup to shift back to bullish, SHIB needs a daily close above 0.618. That would signal that demand is strong enough to break out of the deeper retracement area and re-enter the higher Fib range.

If that close happens, the next upside checkpoints typically become 0.5 at $0.0000084455 and 0.382 at $0.0000088289. However, if SHIB fails to reclaim 0.618 and rolls over again, repeated pressure on 0.786 increases the risk of a breakdown back toward the prior swing low area.

Shiba Inu Futures Flow

Elsewhere, the Shiba Inu Futures Flow data reveals a volatile market with mixed sentiments across different time frames. Over the 1-hour and 4-hour periods, the market is experiencing significant outflows, indicating bearish sentiment, especially in the immediate short term.

Shiba Inu Futures Flows

The 1-hour shows a 495.08% drop in net inflow, while the 4-hour data, despite a small net inflow of $36.7K, reflects only a modest recovery with a 86% drop.

However, the 8-hour data stands out with a sharp 23935.55% increase in net inflow. The 12-hour and 24-hour periods show continued outflows of $1.71M and $1.96M, signaling persistent bearishness over the medium to long term. Ultimately, the 3-day figures show a smaller net outflow of $3.2M.