Shiba Inu (SHIB) is showing early bullish signs: its RSI rose to 47 and price has moved above the nine-day moving average, reducing short-term downside risk and lowering the immediate probability of SHIB “adding a zero” to its price during the current cycle.
RSI recovered from oversold levels, signaling reduced selling pressure.
Price moved above the nine-day moving average, suggesting a short-term trend shift.
Over 189 billion SHIB withdrawn from Coinbase indicates notable whale accumulation; 24h volume is down ~40% at $186.11M.
Shiba Inu price: SHIB shows RSI recovery, moving-average breakout and whale accumulation—read our technical analysis and key takeaways for traders. Learn more now.
What is Shiba Inu’s current technical outlook?
Shiba Inu (SHIB) has reversed a short-term downtrend: the Relative Strength Index (RSI) climbed to 47 and price cleared the nine-day moving average. These technical signals indicate reduced immediate downside risk and improved odds for a stabilization or modest rebound in the near term.
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SHIB lost 11.6% over the past 30 days and briefly threatened the $0.000011 support area. However, a confluence of on-chain and technical signals has shifted the outlook from aggressive downside toward consolidation and possible accumulation.
Short-term price action shows a 24-hour uptick of 1.3%, with SHIB trading at $0.00001244 as of the latest data point in this report. Trading volume is lower, at approximately $186.11 million—down 40.42%—suggesting muted retail activity despite larger holder moves.
Analysts point to short-term technical stabilization and active whale accumulation as reasons the meme coin is unlikely to “add a zero” downward this cycle. The RSI exit from oversold territory and a price crossover above the nine-day moving average reduce immediate selling momentum.
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Source: https://en.coinotag.com/shiba-inu-may-be-stabilizing-after-recent-dip-as-technical-signals-and-whale-activity-suggest-limited-downside/