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. Despite reclaiming key territory in early May, SHIB is once again under pressure, with rising volatility at lower timeframes.

Why Shiba Inu Price Going Down Today？

Shiba Inu price analysis (April 2025 – May 2025) Source: TradingView.

On the 30-minute chart, SHIB is trading within a narrow range between $0.00001480 and $0.00001510. The RSI is currently at 45.52 and dropping, showing waning momentum below the neutral 50 level. The MACD is also neutral, with histogram bars fading and signal lines converging, suggesting a lack of short-term bullish conviction.

Meanwhile, Bollinger Bands on the 4-hour chart are narrowing, a classic precursor to a volatility expansion. With price touching the lower band near $0.00001447 and failing to recover above the median line ($0.00001552), bears are slowly regaining influence.

Shiba Inu price analysis (April 2025 – May 2025) Source: TradingView.

From a broader view, the daily chart shows SHIB rejected from the upper supply zone ($0.00001650–$0.00001750) and now testing the lower bound of the demand zone around $0.00001460. This range is critical — if broken, a drop to the $0.00001336–$0.00001305 cluster becomes more likely.

SHIB Short-Term Outlook: Bullish Rebound or Breakdown Ahead？

Shiba Inu price analysis (April 2025 – May 2025) Source: TradingView.

The descending triangle visible on the intraday chart, combined with fading MACD momentum and RSI below 50, suggests further downside risk. A close below $0.00001460 would validate the breakdown setup and potentially open a path toward the EMA200 support near $0.00001395.

On the flip side, if bulls manage to reclaim $0.00001552 with volume and momentum confirmation, a bounce toward $0.00001657 could materialize quickly. That said, this would require reclaiming trendline resistance and holding above key EMAs.

Shiba Inu price analysis (April 2025 – May 2025) Source: TradingView.

The Shiba Inu price update shows a consolidation phase at a pivotal point. Traders should monitor this triangle structure closely — a confirmed breakout above $0.00001550 or a breakdown below $0.00001450 will likely define SHIBs next 48-hour trajectory.

SHIB Forecast Table for May 17