Ted Hisokawa
Feb 04, 2026 08:04
Technical analysis reveals SHIB trading near oversold levels with RSI at 35.06. Despite bearish MACD momentum, support levels suggest potential recovery toward $0.0000085.
SHIB Price Prediction Summary
• Short-term target (1 week): $0.0000070 – $0.0000075
• Medium-term forecast (1 month): $0.0000080 – $0.0000085 range
• Bullish breakout level: $0.0000080
• Critical support: $0.0000065
What Crypto Analysts Are Saying About Shiba Inu
Recent analyst commentary from late January provides insight into SHIB’s trajectory. Caroline Bishop noted on January 21, 2026: “Shiba Inu shows mixed signals with RSI at neutral 41.65 and bearish MACD momentum. Technical analysis suggests potential upside to $0.0000085 target amid consolidation phase.”
Similarly, Peter Zhang published his “SHIB Price Prediction: Targets $0.0000085 by End of January 2026” on January 19, suggesting cautious optimism for the meme coin’s near-term prospects.
While specific analyst predictions from February remain limited, on-chain data from platforms like CryptoQuant and Glassnode continue to provide valuable insights into SHIB’s market dynamics and trading patterns.
SHIB Technical Analysis Breakdown
Current technical indicators paint a mixed picture for Shiba Inu. The RSI sits at 35.06, indicating the token is approaching oversold territory but hasn’t reached extreme levels yet. This neutral positioning suggests potential for both upward momentum if buying pressure increases or further decline if selling continues.
The MACD histogram shows bearish momentum with a reading of -0.0000, indicating that short-term moving averages remain below longer-term averages. This bearish crossover suggests continued downward pressure in the immediate term.
Bollinger Bands analysis reveals SHIB’s position at 0.14, meaning the price is trading much closer to the lower band than the upper band. This positioning often indicates oversold conditions and potential for mean reversion toward the middle band.
Trading volume remains robust at $14.1 million in 24-hour Binance spot volume, suggesting maintained interest despite recent price weakness.
Shiba Inu Price Targets: Bull vs Bear Case
Bullish Scenario
If SHIB can break above immediate resistance levels, the primary upside target aligns with analyst predictions around $0.0000085. This represents approximately a 25% gain from current levels and would require:
- RSI breaking above 50 to confirm bullish momentum
- MACD histogram turning positive
- Volume expansion on any breakout attempts
A successful move above $0.0000080 could open the door for further gains toward the $0.0000090-$0.0000095 range, representing key Fibonacci retracement levels from previous declines.
Bearish Scenario
Should selling pressure intensify, SHIB faces critical support around $0.0000065. A breakdown below this level could trigger additional selling toward:
- $0.0000060 (next major support zone)
- $0.0000055 (longer-term support from previous consolidation)
Risk factors include broader crypto market weakness, continued MACD bearish divergence, and failure to hold above key moving averages.
Should You Buy SHIB? Entry Strategy
For traders considering SHIB positions, current technical levels suggest a measured approach:
Conclusion
This SHIB price prediction suggests cautious optimism for February 2026. While current technical indicators show mixed signals with bearish MACD momentum, the RSI approaching oversold levels and analyst targets around $0.0000085 provide upside potential.
The Shiba Inu forecast points to a likely trading range between $0.0000065-$0.0000085 over the next month, with the upper end of this range serving as a key resistance level. Traders should monitor volume patterns and RSI momentum for confirmation of any directional moves.
Disclaimer: Cryptocurrency price predictions are speculative and based on technical analysis. Past performance does not guarantee future results. Always conduct your own research and never invest more than you can afford to lose.
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