Shiba Inu Forecast: Will SHIB Rise or Drop Further?Shiba Inu / U.S. dollarBITSTAMP:SHIBUSDJohn_IsigeSHIB/USDT is currently trading in a consolidation phase after a long period of weakness. Shiba Inu remains one of the most popular memecoins, but its price structure continues to reflect strong dependence on market sentiment, momentum and speculative demand. After losing a large share of its value from the October 2021 all-time high, SHIB is now moving sideways within a narrow short-term range. The latest price action shows no clear trend direction, with the EMA-20 running almost flat and price trading slightly below it. From a technical perspective, SHIB remains neutral to mildly bearish in the short term. The RSI is around 45.6, below the neutral 50 level, which suggests that buyers have not yet regained control. Bollinger Bands indicate moderate volatility, while the current range remains limited between nearby support and resistance zones. Key support levels are located around 0.00000603 USD and 0.00000596 USD. Resistance is visible near 0.00000620 USD and 0.00000629 USD. As long as SHIB trades below the EMA-20 and fails to break above resistance, upside momentum remains limited. A bullish signal would require a sustained move above 0.00000629 USD, ideally supported by RSI moving above 50 and a close above the EMA-20. In that case, SHIB could attempt a move toward 0.00000640 USD. On the downside, a break below 0.00000603 USD could increase selling pressure and open the way toward the 0.00000580–0.00000595 USD area. Such a move would likely be confirmed by RSI falling below 40 and the EMA-20 turning lower. Possible scenarios: Neutral scenario: SHIB continues sideways between roughly 0.00000600 and 0.00000625 USD. This remains the most likely scenario while RSI stays between 45 and 55 and the EMA-20 remains flat. Bullish scenario: A breakout above 0.00000629 USD could trigger short-term bullish momentum, especially if RSI climbs above 50. Bearish scenario: A loss of the 0.00000603 USD support could lead to a faster decline toward 0.00000580–0.00000595 USD. Overall, SHIB is still in a waiting phase. The next decisive move will likely depend on whether price can reclaim the EMA-20 and break above resistance, or whether support fails and sellers regain momentum.