Shiba Inu's short-term momentum appears stuck in neutral, but technical analysts see that calm giving way to a double-digit rally. The token's relative strength index sits at 36.71, a reading that signals neither overbought nor oversold conditions. Meanwhile its MACD histogram has flattened to zero — a textbook sign the market is consolidating. And consolidation, in this case, could lead to a 17-20% price jump over the next few weeks.
Neutral RSI and Flat MACD
The RSI is a popular momentum oscillator. A value above 70 often means an asset is overbought; below 30 suggests oversold. SHIB's 36.71 lands squarely in neutral territory. That doesn't give traders a clear directional signal. The MACD histogram, which measures the difference between two moving averages, is even quieter. At exactly zero, it shows no bullish or bearish bias — just a market that's caught its breath after recent moves.
What Consolidation Often Means
Consolidation phases can be frustrating for day traders looking for quick action. But they also tend to precede breakouts. When an asset trades in a tight range and volume shrinks, it's often building energy for a larger move. The technical setup on SHIB suggests that energy is building. The token isn't trending strongly in either direction right now, but the pattern hints that a shift is coming.
Projected Rally Range
Based on the current formation, analysis points to a 17-20% increase in SHIB's price within weeks. That would put the token back toward recent resistance levels. Of course, no prediction is guaranteed — markets can break down as easily as they break up. But the combination of a neutral RSI, a zero MACD histogram, and the historical tendency of consolidations to resolve in the direction of the prior trend makes the bullish case the one to watch.
Traders will be watching whether SHIB can hold above its current support zone over the next few days. A move above the top of the consolidation range would confirm the breakout. Until then, the token remains in wait-and-see mode.
