• Shiba Inu’s technical indicators are constantly indicating a bearish trend.
  • SHIB price may face continued pressure unless it breaks above key EMA levels. 

The Shiba Inu (SHIB) price is at a critical level and has dropped below some important support levels and heading downward. The major indicators are constantly hinting at bearish signals, with potential for further downside.

Shiba Inu hit a high of $0.00003300 in early December 2024, but it halted as buyers failed to maintain positive momentum. In January 2025, it rangebound between the 50-day and 200-day EMA levels and dropped further. 

Presently, it is hovering below the 50-day and 200-day EMA levels, showcasing bearishness. A death cross is also visible on the technical chart, suggesting bears’ dominance.

According to CoinMarketCap data, at the time of writing SHIB crypto price is trading at $0.00000881 with an intraday decrease of 6% indicating bearishness. The daily trading volume has surged by 52% and the volume-to-market ratio is 7.16%. Moreover, the market cap is $6.84 billion and the 24-hour trading volume is $489.24 million.

However, despite the bearish chart, community sentiments are still on the positive side. 88% of community sentiments are on the positive side while 12% are on the negative side.

Critical Moment For Shiba Inu Price 

Bearish Indicators Keep Shiba Inu (SHIB) Price Under Pressure image 0 Source: Tradingview

Technical indicators such as MACD and RSI are indicating negative signs. The RSI curve is trading at 32.02 below the 14-day SMA curve, showcasing that SHIB is oversold. MACD formed a bearish cross and headed in a downward direction.

However, if SHIB price manages to break back above the 50-day and 200-day EMA, it could indicate a potential reversal. However, with the current indicators, the chances of a rebound remain low.

The trading view technical summary also supports bears. As per the technical summary of SHIB, out of 26 indicators, 14 are on the sell side, 9 are on the neutral side, and 3 are on the buying side, indicating a sell signal.

Highlighted Crypto News Today:

OG Meme Coin Dogecoin to Hit $0.12 in the Next 3 Days?