Bearish Indicators Keep Shiba Inu (SHIB) Price Under Pressure

• 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 

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.

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