The Shiba Inu price today is consolidating around $0.00001221, showing stability after multiple retests of the $0.00001180–$0.00001200 zone. This level aligns with the 0.236 Fibonacci retracement, making it a pivotal base for bulls to defend. Despite the recent dip in momentum, SHIB continues to trade inside a tightening wedge pattern, with sellers pressing from the descending trendline while buyers defend higher lows. What’s Happening With Shiba Inu’s Price? SHIB price dynamics (Source: TradingView) The price of Shiba Inu is stuck between the falling resistance trendline near $0.00001400 and strong demand around $0.00001200 on the daily chart. The wedge compression here makes me think that a volatility breakout is coming. The bigger picture shows that the $0.00001500 supply zone has been rejected many times, which keeps the upside limited for now. SHIB Spot Inflow/Outflow (Source: Coinglass) According to Coinglass data, spot inflows on August 26 were slightly positive at $1.31 million, showing that people were being careful about buying after recent drops. Even though netflows are low, the data shows that buyers are trying to deal with selling pressur… The post Shiba Inu (SHIB) Price Prediction for August 27 appeared first on Coin Edition .
