The bearish Shiba Inu momentum intensifies as $SHIB’s RSI falls below neutral and MACD confirms a clear sell signal on shorter timeframes.
Shiba Inu ($SHIB) is currently trading at $0.00000579, down 4.5% over the past 24 hours. The price experienced notable volatility with a sharp decline mid-session before recovering slightly and consolidating near current levels. $SHIB traded within a 24-hour range of $0.000005723 to $0.000006084 with volume of $162 million, while its market capitalization sits at $3.41 billion.
The token posted a modest 1.2% gain over the past week but remains under pressure, down 11.3% in the last 30 days and 53.8% over the past year. The current chart structure reflects ongoing caution among traders despite decent trading activity. Where’s $SHIB headed?
Shiba Inu Price Analysis
On technical charts, Shiba Inu continues to face downward pressure on the 4-hour timeframe, with price hovering just above $0.00000573. The chart shows clear bearish structure, as candles have failed to sustain above prior consolidation zones and are now drifting toward lower support.
Technical indicators reinforce the cautious outlook: the 14-period RSI has declined to 39.92, sitting below the neutral 50 level and trending lower. However, it has not yet reached oversold conditions.
Meanwhile, the MACD exhibits a bearish crossover with the MACD line positioned below the signal line and the histogram deepening into negative territory. This signals sustained short-term selling momentum and limited near-term recovery potential unless buyers defend key levels aggressively.
Shiba Inu Liquidation Data
In addition, Shiba Inu’s derivatives market has experienced notable liquidation activity over the past 24 hours, with total rekt positions reaching $249.89K. The breakdown reveals an overwhelmingly one-sided picture dominated by long liquidations at $246.41K, while shorts accounted for only $3.48K in forced closures.
This heavy imbalance highlights the pain inflicted on leveraged bulls during the recent price decline, with minimal short-side activity providing little counter-pressure. The pattern was even more pronounced on shorter timeframes.
Both the 1-hour and 4-hour windows recorded around $38K in liquidations each, with 100% coming exclusively from long positions and zero short liquidations. Over 12 hours, total rekt reached $41.69K, again heavily skewed toward longs at $38.36K versus just $3.33K on the short side.
