- Shiba Inu holds $0.000009, testing key support while showing resilience despite a viral Musk video.
- DOGE, SHIB, and FLOKI showed minimal movement, with the clip acting as entertainment.
- SHIB may rally to $0.000017–$0.000042 if support holds and momentum returns.
Elon Musk’s recent Shiba Inu clip, featuring an AI-generated dog playing a banjo, went viral. Social media feeds were flooded with the post, sparking curiosity among crypto enthusiasts. Despite the hype, Shiba Inu — SHIB , Dogecoin, and Floki barely reacted. Traders expected price spikes from Musk’s influence, but this time the market stayed calm. SHIB now trades around $0.000009, showing resilience while testing key support zones for potential future gains.
Shiba Inu Maintains Key Support Levels
Dogecoin usually reacts first to Musk-related posts, yet Dogecoin’s DOGE stayed flat at $0.158. Shiba Inu followed a similar pattern, keeping steady around $0.000009. FLOKI mirrored these moves with only minor fluctuations. Analysts suggest Musk’s viral clip provided entertainment rather than driving real market action.
SHIB continues to test the critical $0.0000067 support level. Historically, this zone has marked the bottom of price cycles, providing a reliable springboard for rebounds. Currently, the price sits about 53% above this level, making accumulation attractive for long-term traders. Many investors see these levels as opportunities to gradually build positions before a potential rally.
Multi-year consolidation has shaped SHIB’s price action, creating stability after volatile market swings. Despite a 6% drop in the last 24 hours and a 14.5% decline over the past month, the coin shows resilience. Analysts like Kledji Cuni point to past recoveries from $0.0000067 as indicators of potential upside. Traders often look to such support zones as entry points for larger gains.
Potential Upside and Analyst Outlook
Experts see Shiba Inu as quietly accumulating value, which could lead to a significant bullish move. Shib Knight describes the current price action as “lowkey green,” signaling steady strength despite wider market uncertainty. Dollar-cost averaging at these levels appears sensible for investors who want to maximize long-term potential.
Technical analysis suggests three primary upside targets if SHIB gains momentum: $0.0000170, $0.0000320, and $0.0000420. These targets represent potential gains of 150%, 368%, and 512%, respectively. Breaking above short-term resistance around $0.00001256 to $0.00001270 could trigger this next rally phase. Analysts like Swallow Academy and MMBT Trader highlight these levels as critical hurdles.
If SHIB successfully maintains support and broader market conditions stabilize, a strong recovery could follow. The current sideways movement provides an opportunity for patient traders to position themselves ahead of a potential breakout. SHIB’s consolidation phase may have set the stage for meaningful gains once momentum returns. Shiba Inu held ground at $0.000009 despite Musk’s viral clip, showing market resilience.
