Technical Indicators Show Mixed Signals | Airdrop Alert Pro

Shiba Inu(SHIB) price has entered a critical phase as multiple technical indicators send conflicting signals about its short-term trajectory. The popular meme token has faced significant selling pressure over the past week, falling 20%, with its market capitalization falling from $15 billion to $12.5 billion.

The latest price action shows SHIB testing key support levels while its relative strength index A recovery from oversold territory signals a potential trend reversal. However, the recent decline in whale aggregations and the formation of a death cross on December 18 cast a shadow on the near-term recovery prospects.

SHIB RSI is currently recovering from oversold

Relative Strength Index (RSI) SHIB Showing a remarkable recovery, it climbed from the deeply oversold level of 16.9 three days ago to the current level of 44.

Such moves represent a significant shift in market momentum, as the RSI measures the speed and magnitude of recent price changes on a scale of 0 to 100. When the RSI is below 30, the asset is considered oversold, while a reading above 70 indicates overbought conditions.

and Shiba Inu The RSI is currently at 44, which puts the asset in a balanced position and may indicate further upside potential in the short term. There may be room for further price appreciation as the indicator has rebounded sharply from oversold levels but is not yet close to overbought territory.

The rapid recovery in the RSI also suggests that market sentiment has become more positive, but traders should monitor whether this momentum is sustained.

Shiba Inu whales no longer gather

quantity Shiba Inu The number of whales holding at least 1 billion tokens increased between December 14 and 19, with the number of addresses increasing from 10,861 to 10,930.

This indicator is particularly important for market analysis, as whale movements tend to precede major price changes, given their massive market influence. Their trading patterns can indicate growing confidence in an asset as accumulation occurs, or potential selling pressure as volumes decline.

However, SHIB The whale count has since reversed course, falling to 10,875 by December 22, indicating a change in sentiment among these influential holders. The drop of 55 whale addresses in just three days may indicate that a distribution phase is brewing, with larger holders beginning to take profits or reduce exposure.

This behavior is often preceded by an increase in selling pressure in the short term, as whale allocations often create additional supply in the market. While this does not guarantee an immediate impact on prices Shiba Inutraders concerned about potential downside risks should remain cautious.

SHIB Price Prediction: Will SHIB Lose Support at $0.000019?

SHIB price Facing a key technical hurdle, fundamental resistance is at $0.000022, which is a key obstacle to its potential recovery.

A successful move above this threshold could open the way to higher targets at $0.000024 and $0.000026, with the possibility of extending gains to $0.0000298 if bullish momentum builds.

However, the formation of a death cross on December 18 complicates the technical outlook, suggesting bearish forces may still dominate the market. This bearish technical pattern, coupled with the current downward trend, raises concerns about potential further losses.

if SHIB price If the key support at $0.00001985 fails to hold, the price may undergo a deeper correction that could test the lower support at $0.0000158.