Shiba Inu in Trouble as Technical Signals Flash Bearish – Where Next for SHIB Price? Joel Frank | usagoldmines.com

The Shiba Inu (SHIB) bears remain very much in control on Monday, as bearish technical signals flash, warning that more near-term downside is likely.

Since the end of February, the SHIB price has rejected retests of key moving averages on multiple occasions, suggesting that appetite amongst the bears remains weak.

On January 31, Shiba Inu rejected a retest of its 200DMA, sending a signal that medium-term market momentum had swung decisively bearish.

And recent rejections of the 21DMA in recent days has strengthened the argument that the SHIB price is likely headed lower in the near-term.

Shiba Inu, alongside the broader meme coin market, has slumped in the month since Trump’s meme coin launch.

Trump’s meme coin, which at one point saw its market cap shoot up to north of $70 billion, drained liquidity from the broader meme coin market.

After major meme coins saw massive upside in 2024, fears that 2025 will be a major year of dilution have been ramping up, weighing heavily on prices.

At the current price of $0.0000157, SHIB is down more than 50% from its earlier yearly highs.
Still, that’s not bad compared to the pullback seen in some meme coins.

Shiba Inu’s colossal community and continued ecosystem development has likely taken the edge off of the sell pressure.

After all, Shiba Inu even announced a major partnership with the Abu Dhabi that underlines its leadership position in the broader web3 space.

Where Next for the Shiba Inu Price?

The Shiba Inu price is undoubtedly in a downtrend right now, with any near-term rebounds likely to be sold, and a retest of earlier monthly lows in the $0.00001150 area likely in the near-term.

Once the SHIB price hits this area, it will be a major decision time for the market. The $0.00001150 area has been a major resistance-turned-support zone going all the way back to mid-2023.

A break below hear could trigger complete capitulation for an already heavily beaten down meme coin market.

But a drop to these sorts of levels would likely be an attractive buying opportunity.

As noted, Shiba Inu is a major leader in the meme coin and web3 space. Its massive community means it’s not going anywhere any time soon.

And 2025 is set to be a record year for global crypto adoption, led by growing demand for Bitcoin.

Indeed, the US may even establish a Strategic Bitcoin Reserve in the months ahead, which could lead to massive price appreciation.

That would undoubtedly bleed over to the broader market. And while a new meme season (like seen in late February/March 2024) is far from guaranteed, names like Shiba Inu would undoubtedly perform well.

The positive market backdrop thus makes SHIB a compelling meme coin to accumulate during market dips, even if the meme coin narrative has weakened substantially in 2025.

The post Shiba Inu in Trouble as Technical Signals Flash Bearish – Where Next for SHIB Price? appeared first on Cryptonews.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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