Shiba Inu (SHIB) Price Prediction for May 17

The Shiba Inu price today is consolidating around $0.00001490, cooling off after a recent high near $0.00001720. Following its strong breakout on May 9, SHIB has entered a descending triangle structure on the 4-hour chart, with sellers defending lower highs. The price is now hovering near a short-term support level of $0.00001460, a zone that could determine whether bulls can regroup or bears take over. What’s Happening with Shiba Inu’s Price? Shiba Inu price analysis (April 2025 – May 2025) Source: TradingView. Shiba Inu Price Dynamics On the 4-hour chart, Shiba Inu price action shows signs of weakening after facing resistance at the top trendline near $0.00001720. The price has since retraced and is now sitting at a potential decision point, caught between diagonal trendline resistance and horizontal support. Shiba Inu price analysis (April 2025 – May 2025) Source: TradingView. Volume has decreased, and price structure has shifted from a bullish spike into a compression zone. This comes after SHIB briefly reclaimed its 0.236 Fibonacci retracement level ($0.00001475) from the weekly swing high of $0.00003344 down to the March low of $0.00001028. De… The post Shiba Inu (SHIB) Price Prediction for May 17 appeared first on Coin Edition .

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