59% of top traders are currently bearish on SHIB, with more shorts than longs
Whale transactions between $1-10 million have decreased by 50% over the past three months
SHIB is trading at a critical resistance level around $0.00001195-$0.00001200
Price could surge 20% to $0.00000152 if it breaks above the descending channel
Bitget CEO predicts SHIB could reach $0.0000600 by the end of 2025
Shiba Inu (SHIB) faces a critical moment in its price action as technical indicators show the potential for a significant move in either direction. The dog-themed altcoin is currently testing key resistance levels while market sentiment remains divided.
At the time of writing, SHIB was trading near $0.00001189, reflecting a 2.30% gain over the previous 24 hours. The token maintains a market capitalization of approximately $7.01 billion, placing it firmly among the top altcoins.
Recent data from Coinglass shows a bearish tilt among traders. The Long/Short Ratio sits at 0.69, well below the neutral level of 1, indicating more shorts than longs in the market. In fact, 59.17% of top traders currently hold short positions on SHIB, while only 40.83% are betting on price increases.
On-chain metrics reveal reduced interest from large investors. According to IntoTheBlock, there has been a 50% decline in whale transactions ranging from $1 million to $10 million over the past three months.
This decline in institutional activity has likely contributed to downward pressure on the price.
Exchange Flows and Technical Resistance
Exchange data shows inflows of $1.70 million worth of SHIB in the past 24 hours, suggesting potential selling pressure ahead. Despite these inflows, the token’s price managed to tick up by 2.30%, accompanied by a 15% increase in trading volume.
From a technical perspective, SHIB has been moving within a descending channel pattern since early 2025. The price is currently testing the upper boundary of this channel, which represents a critical resistance level.
This resistance zone around $0.00001195-$0.00001200 has repeatedly halted upward movements in recent trading sessions. Technical analysts view this persistent barrier as a crucial test of market strength.
If SHIB breaks above this resistance, it could signal a trend reversal and potentially surge by 20% to reach $0.00000152 in the coming days. However, if bullish momentum weakens due to the bearish on-chain metrics, the price might drop by 14% to $0.00000109.
Community Sentiment and Social Media Activity
Despite technical uncertainty, community sentiment remains predominantly positive. CoinMarketCap’s polling data, drawing from nearly a million votes, shows that 88% of participants hold a bullish outlook for Shiba Inu, compared to just 12% feeling bearish.
The SHIB team recently made waves on social media by posting “Shib is for everyone” on X (formerly Twitter). This message followed a similar post by Coinbase’s Layer 2 network Base, which had sparked the creation of a new unverified token that briefly reached a market cap of over $20 million.
Following the SHIB team’s social media post, the token’s price saw a modest 1% uptick, reaching $0.0000118 after hitting an intraday low of $0.00001164.
Trading activity remains healthy, with over $131 million worth of SHIB changing hands in the last 24 hours, indicating sufficient liquidity for traders.
Expert Predictions Remain Optimistic
Despite current market uncertainty and mixed technical signals, some industry experts maintain a bullish outlook on SHIB’s long-term prospects.
In a recent report published by Finder, several cryptocurrency industry figures shared their predictions for the meme coin. Bitget CEO Gracy Chen expressed particular optimism, stating that the token could reach the $0.0000600 level by the end of 2025.
Crypto trader BitGuru has also signaled optimism about SHIB’s short-term prospects. His analysis points to “strong bullish candles” forming as the price pushes against key resistance levels. BitGuru suggests that if buyers can successfully defend the $0.00001188 level, turning it into support, it could pave the way for a swift rally toward $0.00001204.
The next significant move for SHIB will likely depend on whether buyers can sustain momentum against current selling pressure. With technical indicators suggesting a possible breakout and community sentiment remaining positive, SHIB holders are watching closely to see if the token can overcome its immediate resistance levels.
Recent trading patterns show the price repeatedly testing the upper boundary of its descending channel. A decisive break above this resistance could trigger a change in market sentiment and potentially lead to a more sustained recovery.
For now, SHIB remains at a pivotal juncture, with both technical and fundamental factors pointing to the possibility of increased volatility in the near term.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 
