Recently, many people have been paying attention to SHIB, and the performance of this meme coin has been quite interesting lately. The price has been repeatedly testing the $0.000009 level, with a 24-hour decline of only -1.31%, indicating relatively limited volatility. From a technical perspective, the RSI stands at 47.1, in a typical neutral zone—neither overly bought nor oversold—suggesting that the market currently lacks a clear direction.

To judge the future trend, two key price levels need to be watched. The support below is at $0.000008; if it breaks below this level, the bears may continue to exert pressure, and a bottoming out could be imminent. The resistance above is at $0.000010; if the price can hold steady here or even break through, the chances of a rebound will increase. From this perspective, the technical fundamentals remain relatively solid.

However, there is a problem—meme coins are inherently full of uncertainty. Market sentiment is a decisive factor, and pure technical analysis sometimes does not predict these kinds of tokens very effectively. A recent detail worth noting is that SHIB inflows on exchanges have significantly increased, which usually hints at growing selling pressure, but it’s hard to say exactly how this will develop.

Looking at the entire meme coin ecosystem, BABYDOGE’s recent performance clearly illustrates the point—its ROI potential looks attractive, but the risks are also rising. Many investors are now distracted, eagerly awaiting the next market catalyst. This sideways movement of SHIB might be a pause before the market prepares for its next move. Instead of obsessing over short-term ups and downs, it’s better to patiently observe changes in market sentiment and wait for that true opportunity window to open.