SHIB Price Uptrend Weakens as Sellers Gain Ground | Airdrop Alert Pro

Shiba Inu(SHIB) has soared nearly 14% over the past week, bringing its market capitalization to $14 billion and solidifying its position as the second-largest meme coin behind DOGE. While the recent rally points to strength, SHIB’s relative strength index Indicating a mildly bullish phase, there is room for further gains if momentum builds further.

ADX shows SHIB still in an uptrend but weakening as selling pressure builds. A potential golden cross could push SHIB to test resistance for further upside. However, a loss of momentum could lead to a correction towards key support levels.

Shiba Inu RSI drops after hitting 76

Shiba Inu The Relative Strength Index (RSI) currently stands at 60.8, having recovered from its decline to reach 56 on January 5 after peaking at 76 on January 3. RSI is a momentum indicator that measures the speed and magnitude of price changes on a scale from 0 to 100.

Readings above 70 indicate overbought conditions and usually signal a potential pullback, while readings below 30 indicate oversold conditions and the possibility of a price rebound.

Judging from the current level, SHIB The RSI indicates a bullish phase but remains below the overbought zone, suggesting there is room for further price appreciation.

This positioning reflects mild buying pressure, suggesting that if the RSI rises near 70, a short-term upside is possible. However, if the RSI starts to fall again, it could indicate weakening momentum and the possibility of price consolidation or a pullback.

SHIB DMI shows uptrend remains strong

SHIB’s Average Directional Index (ADX) is currently at 28.1, down sharply from 41.6 two days ago. ADX measures the strength of a trend on a scale of 0 to 100, with values ​​above 25 indicating a strong trend and values ​​below 20 indicating weak or lack of momentum.

Despite the decline, ADX remains above 25, indicating Shiba Inu Still in an upward trend, although the strength of this trend has weakened.

Directional indicators provide additional insight SHIB momentum. +DI, which represents buying pressure, has fallen to 18.6 from 35 three days ago, reflecting reduced bullish activity. Meanwhile, the -DI value, which indicates selling pressure, has risen to 15.1 from 6.4 in the same period, highlighting the increasingly bearish sentiment.

This shift suggests that while the uptrend continues, the balance of power is shifting in favor of sellers. If this trend continues, SHIB’s price could face consolidation or even a reversal unless buying pressure regains dominance.

SHIB Price Prediction: May Rise 23%

Shiba Inu The EMA lines indicate that a golden cross may be imminent, as the shortest-term EMA is approaching a crossover above the longer-term EMA. This potentially bullish signal could reignite buying momentum, allowing SHIB to test resistance at $0.0000249.

If this level is broken, SHIB price The upside is likely to continue with a target of $0.000026 and a potential of $0.0000298, a potential gain of 23.6%.

However, if the golden cross fails to materialize and the trend reverses (as suggested by weak DMI), SHIB could face downside risks. The first key support is located at $0.000022, a fall below this level could intensify selling pressure.

In such a scenario, SHIB price A further decline is possible to test $0.0000198 or even $0.0000185, marking a major correction in its price.