• Shiba Inu trades near $0.00001 after a weekly drop of 3.94%.
• Technical indicators show consolidation with potential breakout signs.
• CoinCodex projects SHIB could climb to $0.00002158 in September.

Shiba Inu is trading at $0.00001 after a 3.94% decline this week. The price has been consolidating for months in a tight band between $0.000009 and $0.000012. This range reflects a lack of strong momentum, keeping traders cautious but still engaged.

The chart outlines key Fibonacci retracement levels that show possible downside extensions at $0.0000046, $0.0000054, and $0.0000091.

On the upside, resistance remains clustered at $0.000012, $0.000015, and $0.00002. The nearby support area is holding between $0.000009 and $0.00001, making this range critical for September trading.

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Shiba Inu Consolidation Dominates as Market Awaits Catalyst

Shiba Inu indicators reflect a market seeking direction. The Relative Strength Index stands at 45.11, which is lower than the neutral midpoint of 50 and indicates weak bearish pressure.

The Moving Average Convergence Divergence line is flat at 0.00000 with a weak negative histogram, showing there is no strong momentum.

Bollinger Bands have also contracted, which means decreased volatility. That contracting usually precedes a rapid breakout, either up or down, so there could be clear-cut action coming in September.

The Chaikin Oscillator is at 1.65T, which means there has indeed been inflowing capital, but the momentum doesn’t achieve enough stimulus for an extended rally.

This combination of signals indicates that consolidation is still dominant and traders are waiting for something to catalyze. Whether performance from Bitcoin or overall market sentiment will do so remains unknown.

CoinCodex Forecasts 155% Upside in September 2025

Shiba Inu lies at a crossroads for the month of September. A successful breakthrough of support at $0.000009 will enable restitution of the price toward $0.000012 to $0.000015. A stronger breakout from $0.000015 can herald $0.00002

Alternatively, if negative pressure increases and support declines, SHIB can slide back to the $0.000007 to $0.000006 range, areas that are compatible with Fibonacci extensions.

Most likely, Shiba Inu will continue sideways trading between $0.000009 and $0.000012, as its recent behavior will reflect. A bullish outlook, however, can still occur if market dynamics recover.

CoinCodex also sees a promising future for September 2025. As its strong August performance suggests, SHIB will continue to rise and reach $0.00002158. The forecast includes a trading range between $0.00001324 and $0.00003193, which suggests an attainable return of 155.43% for the buyers.

Also Read: Shiba Inu Price Jumps 7.7% as SHIB Signals Breakout From Accumulation Zone