Shiba Inu (SHIB) is currently facing renewed selling pressure after a widely followed technical indicator shifted into bearish territory on the daily timeframe. Market data suggests that the early-January rebound, which briefly restored optimism among traders, has weakened significantly. As price action deteriorates, technical signals now point to a higher probability of additional declines in the near term. At the start of the year, Shiba Inu (SHIB) benefited from improved sentiment across the broader crypto market. This positive backdrop supported a sharp upward move that briefly positioned the token among the stronger performers in early January. However, that momentum has since faded, and recent developments indicate that buyers are struggling to maintain control. Shift in Market Structure After Early January Rally Between January 1 and January 5, Shiba Inu recorded a notable price increase of approximately 46%, reaching a local peak near $0.00001009. During this phase, price action moved decisively above key volatility bands, reflecting strong short-term demand. Such moves often attract momentum-driven traders, but they also increase the risk of a corrective pullback if follow-through buying does not materialize. That risk has now become evident. Following its early January high, Shiba Inu began to retrace as broader market conditions weakened. Selling activity gradually intensified, resulting in a decline of approximately 22% from the local top. At the time of writing, SHIB is trading around $0.0000057 , according to CoinMarketCap data. Breakdown Below the 20-Day Moving Average One of the most important technical developments during this pullback has been Shiba Inu’s move below the central line of the Bollinger Bands. This midline corresponds to the 20-period simple moving average, a commonly used indicator for assessing short-term trend direction. Earlier in the month, SHIB successfully held above this moving average, which helped support its upward advance. However, as buying momentum weakened, the token slipped below this level, signaling a shift in short-term market control. A daily close beneath the 20-day moving average is often interpreted as a bearish signal, particularly when accompanied by declining volume or broader market weakness. Since breaking below this level, Shiba Inu has continued to trade further away from the moving average, reinforcing the view that sellers currently have the upper hand. With the loss of the 20-day simple moving average, attention has turned to the lower boundary of the Bollinger Bands. This level is commonly monitored as a potential area of technical support during periods of declining price action. For Shiba Inu, the lower band is currently positioned near the $0.0000073 region. If downward pressure persists and buying interest remains limited, the price may gravitate toward this area in the short term. Whether this level can attract sufficient demand to stabilize the price will be an important factor in determining SHIB’s next directional move. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Important Context for Traders and Observers While current technical indicators suggest short-term weakness, it is important to note that this setup does not guarantee continued declines . The cryptocurrency market is sensitive to changes in sentiment, liquidity conditions, and macroeconomic developments. A shift in broader market tone could still support a recovery attempt, even after the loss of the 20-day moving average. Additionally, technical indicators reflect existing market conditions rather than certainty. As such, they should be interpreted as tools for assessing risk rather than definitive predictors of price direction. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Shiba Inu Daily Chart Turns Bearish, More SHIB Sell-Offs Expected appeared first on Times Tabloid .
