Shiba Inu (SHIB) is now compressing after a broad sell-off, according to crypto analyst Gopal. The Japanese guard dog-embossed meme currency slid below the $0.00000500 support level, now establishing itself at the lower boundary of the Bollinger Band (BOLL) channel.
Falling Wedge Repetition Hints At SHIB Back At $0.00000515
Gopal marked four falling wedges on the 15-minute charts, exploring $0.00000515 as the near-term target in case the setup breaks upward. However, solely relying on the falling wedge structure does not give the full picture: Bollinger Bands provide a clear, volume-assessed measurement scale.
The Shiba Inu price now sits at $0.00000477, still slightly below the Double EMA trend-line. For SHIB’s bulls to reclaim power, the middle-tier BOLL band of $0.00000509 has to be claimed first, which roughly coincides with Gopal’s near-term Shiba Inu price target. In the opposite case, approximately $0.00000467 becomes an important downside level to watch for SHIB Army.
One More Road To Cross Before SHIB’s August-High Reclaim
In August, SHIB tried to break resistance around $0.00000536, with $0.00000568 emerging as potential top. That breakout is yet to reload. The Chaikin Money Flow (CMF) is still dwelling in the red areas on most time-frames, signaling a continuation of crypto whales distributing assets. With Bitcoin (BTC) sliding to $75,000, the high-price correlation adds one more hurdle.
Shiba Inu’s (SHIB) present market setup points at $0.00000543 as the key line to cross for bulls to return. The meme coin hasn’t hiked above the confluent resistance of $0.00000610 since August 22, 2026, still awaiting broader crypto whale participation as retail trading cooled down due to the broader risk-off sentiment.
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