Shiba Inu (SHIB) Shows Recovery Signals, Is it Time to Buy?

Updated

May 6, 2025

Gambar Shiba Inu (SHIB) Shows Recovery Signals, Is it Time to Buy?

Jakarta, Pintu News – This week, Shiba Inu , the leading meme coin, experienced a decline of almost 10%, dropping its price to $0.000012. However, several indicators both on-chain and technical are starting to show signs of a possible recovery, signaling an increase in demand that could push the coin’s price up.

Technical Indicators Point to Potential Recovery

On the daily chart, the Chaikin Money Flow (CMF) indicator for Shiba Inu (SHIB) is showing an increase, although the coin’s price has decreased. Currently, the momentum indicator stands at 0.02, which has crossed the neutral line of zero. This creates a bullish divergence, signaling that buying pressure is starting to build silently in the SHIB spot market, even though the general market sentiment is still cautious.

On-chain data also supports this bullish view. According to data from Santiment, SHIB’s Network Realized Profit/Loss (NPL) is still negative, indicating that most holders are still incurring losses. Typically, a negative NPL reduces selling pressure as investors tend to be reluctant to sell assets at a loss. This could reduce the supply of SHIBs in circulation and create conditions that favor a short-term price rebound.

Also Read: BONK Freefalls 8% in 24 Hours: Check out the Price Levels that Can Prevent Further Declines!

Optimism among SHIB Futures Traders

Shiba Inu (SHIB) futures traders seem to share this bullish sentiment, which is reflected by the current positive funding rate of 0.0082%. A positive funding rate indicates that traders are willing to pay more to maintain their long positions, which could be an indicator of expected future price increases.

In addition, if SHIB can break the key resistance level, which is the 20-day Exponential Moving Average (EMA) currently at $0.000013, it may attract greater buying interest. A decisive break above the EMA could confirm a short-term bullish trend reversal and encourage more investors to enter the market.

SHIB Price Increase Potential

Currently, Shiba Inu (SHIB) is trading at $0.000012. With technical indicators starting to show bullish signals, there is a possibility that SHIB will reverse its downward trend and rally towards $0.000014 in the short term.

However, to start a sustained recovery, SHIB must first overcome that key resistance level. If buying pressure begins to wane, SHIB’s price could fall to $0.000010. Therefore, it is important for investors to monitor these indicators and adjust their strategies according to the changing market dynamics.

Conclusion

With various indicators starting to point to a potential rebound, Shiba Inu (SHIB) offers an interesting opportunity for investors looking for an asset with growth potential. Although the cryptocurrency market in general is still full of uncertainty, these indicators provide some hope for a recovery in SHIB prices.

Also Read: Ethereum Hangs Above $1,770: Can It Reach $2,030 Next?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.