Shiba Inu (SHIB) Price Prediction for May 8: Can Bulls Break the Barrier?

The Shiba Inu price today hovers near $0.00001275, holding steady after recovering from a two-day dip that tested key Fibonacci support at $0.00001240. SHIB has formed a mild rebound off the 0.5 Fib retracement zone ($0.00001267), but upside momentum remains capped by persistent supply near $0.00001294—the 0.618 Fib level. Shiba Inu price dynamics (Source: TradingView.) On the 4-hour chart, SHIB is approaching a descending resistance trendline that has constrained price action since late April. The asset remains range-bound between $0.00001240 and $0.00001335. Price is also wrestling with the 50-EMA on this timeframe ($0.00001302), which coincides with a horizontal resistance band. Unless bulls secure a firm breakout above this confluence zone, the trend bias remains neutral. What’s Happening with Shiba Inu’s Price? Oscillators Show Range-Bound Momentum Shiba Inu price dynamics (Source: TradingView.) Momentum indicators suggest SHIB is stabilizing but lacks strong bullish conviction. The RSI on the 15-minute and 4-hour charts fluctuates near 52 and 47, respectively—indicating a neutral trend with no overbought or oversold conditions. Meanwhile, MA… The post Shiba Inu (SHIB) Price Prediction for May 8: Can Bulls Break the Barrier? appeared first on Coin Edition .

Source: Coin Edition