Shiba Inu (SHIB), that meme coin that’s grown into a player in DeFi and the metaverse, is still on many watchlists, even after its recent price dip. Remember that wild ride in 2021? Well, SHIB’s price has cooled off since then, and it’s been hanging around support levels as everyone waits to see what happens next. Looking at the latest daily and hourly charts, it’s a real battle between buyers and sellers – but could SHIB be ready for a breakout sooner than we think? Let’s break down the current technical picture and see what it could mean for SHIB fans in the days ahead.

Shiba Inu Price Prediction: Is SHIB Losing Steam or About to Bounce Back?

Taking a look at the daily chart, we can see the bears have been in control for a while. SHIB is currently trading around $0.00001212, down about 2.36% today. More importantly, it keeps getting pushed back down by the 50-day Simple Moving Average (SMA), and it’s still trading below all the main SMAs – the 20, 50, 100, and 200-day. That’s a pretty clear signal that sellers are dominating right now.

The Moving Average Ribbon (SMA Ribbon) is also telling the same story, showing a downward trend with no sign of changing direction just yet. The 200-day SMA at $0.00001912 is a really important level to watch; if SHIB can get back above that, it could be a sign of a big turnaround. But until then, SHIB is still in a long-term downtrend.

While we’re not showing volume directly here, looking at the Accumulation/Distribution Line (ADL), it’s flattened out and even dipping slightly. This suggests that the big players, the whales and smart money, aren’t really buying in at these prices. This hesitation could mean investors are waiting for prices to drop further or for some good news to give SHIB a boost.

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Could the Hourly Charts Offer a Glimmer of Hope for a Short-Term Rally?

Switching gears to the hourly chart, things get a little more interesting. Shiba Inu’s price did show a little bounce during the day, climbing about 0.96% from the previous hour. However, this little rally quickly ran into a wall of resistance at the 50-hour SMA, around $0.00001247, and got turned away. This short-term weakness tells us that buyers aren’t really confident right now.

On the bright side, the ADL on the hourly chart is trying to curve upwards after finding a bottom, hinting at some small buying activity when prices dip. But it’s still pretty weak and not consistent. The 200-hour SMA is hanging above at $0.00001309, and that’s now acting as a major roadblock for any short-term recovery.

Even with the slight price bump, the SMA Ribbon is still pointing downwards – reminding us that any upward moves might not last unless SHIB can break through the 100-hour and 200-hour SMAs with a lot of buying power behind it.

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So, What Are the Key Indicators Actually Telling Us?

Looking at the daily timeframe, the Heikin Ashi candles are red and flat-bottomed, confirming a strong bearish trend with no real signs of buyers stepping in – this suggests sellers are in control and pushing the price down without much opposition. Unless we see a green Heikin Ashi candle with a higher high and a longer upper wick soon, the trend is likely to stay the same.

The SMA indicators are lined up in a bearish way (20 < 50 < 100 < 200), creating that classic downward ribbon pattern. This is a textbook sign of a continuing downtrend, and it’s unlikely to reverse unless we see a bullish crossover – especially if the 20-day SMA can jump above the 50-day.

The ADL also suggests there’s more selling than buying going on, making a quick breakout seem less likely.

Zooming into the hourly chart, even though we saw a small price bounce, the resistance at the 100-hour and 200-hour SMAs was just too strong to overcome. The ADL trying to tick upwards might indicate a short squeeze or some opportunistic buying, but it’s not really pointing to a change in the overall trend yet.

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Where Might SHIB Be Heading Next?

In the short term, if Shiba Inu can’t hold its ground at $0.00001200, we might see it drop back down to recent lows around $0.00001150. On the other hand, if it can break cleanly above $0.00001250 with a strong green Heikin Ashi candle and the ADL showing bullish signs, SHIB could push towards that psychologically important $0.00001300 level.

However, for a real, lasting uptrend, SHIB needs to climb above $0.00001370 (the 100-day SMA) and then reclaim $0.00001690 to really shake off this bearish setup and get some bullish momentum back.

Shiba Inu Price Prediction: Time to Buy the Dip or Play It Safe?

Right now, Shiba Inu is kind of in limbo – stuck between weak support and strong resistance. The daily trend is clearly bearish, while the hourly chart is just showing hints of short-lived bounces, not real buying strength.

Unless something big happens, like a SHIB ecosystem update or a broader crypto market rally that brings in new buyers, Shiba Inu’s price will likely keep drifting sideways or even fall further. For traders, it’s probably a good time to wait and see. For those holding for the long term, any deeper price drops could be a better chance to add to your position – but definitely with a plan to manage your risk.