Shiba Inu (SHIB) Price Shows Mixed Signals After 19% Gain | Airdrop Alert Pro

Shiba Inu(SHIB) prices continue to show high levels volatility Technical signals are mixed. SHIB has gained 19.01% in the past seven days, maintaining its position as the second largest meme coin by market capitalization, behind Dogecoin (DOGE).

The coin’s technology paints a complex picture, relative strength index Cooling overbought levels and reduced whale accumulation point to a potential short-term correction. However, the strong EMA indicator still leaves room for significant upside potential, making SHIB’s next price move particularly important for traders.

SHIB RSI retreats from overbought levels

SHIB’s RSI (Relative Strength Index) The drop from 85 to 51.8 indicates that buying momentum has cooled significantly. When the RSI is 85, it indicates that SHIB is severely overbought and buyers dominate the market.

The current RSI is 51.8, indicating that the market is more balanced and buying and selling pressure has leveled off after a period of profit-taking by traders.

The historical RSI during SHIB’s peak at $0.000033 was close to 90, representing an unsustainable extreme overbought condition. The current drop to 51.8 indicates that this is a healthy consolidation phase rather than a trend reversal, as readings between 40-60 usually indicate stable market conditions.

While this cooling may result in a short-term price correction, it does not necessarily mean the end of the uptrend. It enables more sustainable price growth by preventing market depletion.

Whales did not accumulate Shiba Inu

Decreasing number Hibb whale This suggests that large shareholders are taking profits or reducing their risk exposure during the recent price rise.

Whales can have a significant impact on the market due to their large stakes, often setting market trends that small investors follow. Their gradual exit signals caution about SHIB’s current valuation levels.

Wallets holding more than $1 billion fell from 11,013 to 10,858 SHIB This means that 155 major holders were lost in just one month. This distribution of tokens from large to small holders typically creates selling pressure and may signal a weakening of bullish sentiment.

However, this reallocation also means SHIB Ownership is becoming more dispersed, which is healthy for long-term price stability despite short-term selling pressure.

SHIB Price Forecast: Is a 17% Correction Coming?

Shiba Inu price A break below the shortest moving average indicates a loss of momentum in the recent bullish trend.

While the longer-term averages remain bullish, price action below the fastest moving averages suggests short-term bearish pressure is building.

Prices are currently at a critical juncture where prices could move significantly in either direction. A bearish scenario could push SHIB price The decline tested the support levels at $0.000026 and $0.000023, with a decline of 17.8%.

Conversely, if the bulls regain control, SHIB price A retest of the recent high of $0.000033 is possible and could surge to $0.000040, a 42% rise from current levels.