Shiba Inu (SHIB) Consolidates Near the $0.000012 Resistance Zone After Experiencing Transient Market Attention

After experiencing transient market attention, Shiba Inu (SHIB) maintains a consolidation zone near the $0.000012 resistance.

Shiba Inu (SHIB) is seen consolidating in a defined zone near $0.000012 despite losing some attention from the market. The meme coin, known for its playful nature, has been keeping traders and investors engaged with its price activity. As the dust settles on the Base Token trend that brought a sudden influx of energy into the usually quiet Crypto Twitter community, analysts are focusing on technical aspects alongside the impact of the Base token to assess SHIB's short-term outlook.

The meme coin has been meandering about in recent weeks, largely due to the persistent hype surrounding meme tokens and the Token trend that went viral among traders on Crypto Twitter. A significant price increase for SHIB occurred after the Shiba Inu team adopted the same ‘Base is for everyone’ slogan used by the Coinbase Layer 2 Base network in its massively viral campaign. This triggered an exceptionally swift launch of several new tokens on the Base chain, with some experiencing rapid rises followed by equally swift corrections.

The project ‘Shiba Inu on Base’ aims to combine the community-driven essence of SHIB with the scalable and low-fee environment of the Base network, generating buzz around both SHIB and Base. The recent news of SHIB being heavily burned has also engrossed traders, while rumors of a Shiba Inu ETF are stirring up bullishness and activity. As the meme coin promotions and Base Token hype continue to circulate on social media, traders and investors are keenly watching how these trends will unfold and influence the broader crypto scene.

In the last 24 hours of trading, Shiba Inu has experienced a slight decrease in price, currently trading at $0.00001164. This movement occurred within its sideways consolidation phase, with the price bouncing between the resistance level at 0.00001205 and the support level at 0.00001161 throughout the SHIB trading session. Since expanding its price range, SHIB has touched both the resistance and support levels multiple times.

As seen in Chart 1, analysed by Anushri Varshney and published on TradingView, April 18, 2025

The momentum indicators provide valuable insights into the current behavior of the SHIB price. The MACD displayed several golden crosses in this session, which followed price increases, although an earlier death cross signaled a brief period of weakness in the market. The frequent occurrences of golden MACD crosses suggest that buyers are persistently, yet weakly, attempting to push the price upwards within the current price range. The RSI data indicates periods of oversold and overbought conditions as it crossed below 30 and above 70 several times.

It seems that the SHIB token has potential to strengthen its performance once it manages to break through the 0.00001220 resistance.

Shiba Inu's price prediction looks cautiously optimistic as the meme coin is seen rolling with the viral trend, working in tandem with the Token. It might begin 2025 with a great deal of volatility, but later on, experts are forecasting major gains for SHIB. According to the predictions by Garret and Ben in their recent YouTube video, which focused on a technical analysis of the meme coin, SHIB could reach price levels of $0.0000399 by the end of 2025. This price target represents an increase of approximately 242% from the current SHIB price.

In the case of long-term projections, we observe a more optimistic tone. If we consider the possibility of SHIB markets reaching $0.0001971 in 2030 and perhaps even soaring to $0.08543 by 2035, it might seem far-fetched. However, if we factor in the potential for increased adoption, a rise in utility, and Layer 2 developments like Shibarium, this scenario could unfold. As meme coin promos and Base Token hype continue to be shared virally on social media, traders and investors will be keeping an eye on how these trends unfold and what impact they might have.