Shiba Inu Price Outlook: SHIB Cancels Bullish Signal as Uptrend Momentum Stalls

Jakarta, Pintu News – Shiba Inu has gotten its fans excited again after surging more than 6% in a day on Friday, up from support levels around $0.0000070.

However, it seems that things are back to normal – the token is still unable to sustain the upward trend.

From a peak price of $0.00000766 on Friday, this top meme coin has dropped about 6.7% to its current price of $0.00000714, signaling a clear reversal. This also suggests that Shiba Inu may not be ready for a recovery.

Bullish Crossover Fails to Materialize

Interestingly, the Shiba Inu recently showed a bullish cross signal on the hourly chart, but the signal was not actually realized. The cross in question occurred between the long-term and short-term moving averages (MAs) – specifically between the 26-period MA and the 9-period MA – that appeared yesterday.

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For context, when a crossover like this occurs, it usually signals a weakening of the bearish trend and a potential reversal to bullish. However, the signal did little to help SHIB’s price movement, as weak price pressure continued.

Now, the 26-period MA has crossed back over the 9-period MA from above, putting the token back into bearish territory. When the long-term MA moves above the short-term MA, it indicates that the market is in a downward trend. As such, the price of SHIB has the potential to fall further.

Notably, this isn’t the first time Shiba Inu has displayed a reversal signal that ultimately failed to materialize. In early December, the token also scored a golden cross – where the 50 MA crossed the 200 MA on the hourly chart.

However, the signal was again fruitless, as pressure from the bearish side continued to dominate the direction of SHIB’s price movement.

Will Shiba Inu Go Lower?

All indicators point to one thing: the bearish side still dominates the market movement. In addition, the flat RSI value at 34.53 also shows a lack of strength to push the price higher.

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Shiba Inu is also still moving below some important moving averages. SHIB prices are well below the moving average and exponential moving average for the 200-day, 50-day, and 20-day periods – a clear sign that price pressure is still weak.

Broader market trends are not helping the situation either. In particular, Bitcoin’s continued fluctuations have also depressed sentiment in the crypto market. As a result, altcoins such as Shiba Inu experienced poor price performance.

If this trend continues, SHIB has the potential to drop to even lower price levels. The only question is how far down will it go, unless the bullish side soon takes over and changes the direction of the market.

Based on analysis, the weekly support level around $0.0000060 is the next possible target. SHIB’s price response in this important area will determine the direction of the next move.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Shiba Inu Nullifies Bullish Cross As Take Off Lingers. Accessed on December 24, 2025