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.
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RSI recovered from oversold levels, signaling reduced selling pressure.
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Price moved above the nine-day moving average, suggesting a short-term trend shift.
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Over 189 billion SHIB withdrawn from Coinbase indicates notable whale accumulation; 24h volume is down ~40% at $186.11M.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.
How has SHIB performed over the last 30 days?
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.
Shiba Inu 3-H Price Chart | Source: TradingView
Why do analysts say SHIB is unlikely to add a zero?
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.
Additionally, on-chain data shows over 189 billion SHIB withdrawn from Coinbase, a move interpreted by market observers as strategic accumulation rather than distribution. As reported by COINOTAG, this on-chain behavior supports a lower probability of dramatic downside in the immediate term.
How should traders interpret on-chain whale moves?
Large withdrawals from centralized exchanges typically indicate accumulation or custodial rearrangement. In this case, 189 billion SHIB leaving a major exchange signals that whales may be reducing sell-side exposure to the open market. Traders should watch subsequent wallet activity and exchange inflows/outflows for confirmation.
Frequently Asked Questions
What indicators show SHIB’s trend shift?
RSI rising to 47 and price crossing above the nine-day moving average are primary indicators. Combined, they suggest declining short-term selling pressure and a higher chance of consolidation or recovery.
How significant was the whale withdrawal?
Over 189 billion SHIB withdrawn from Coinbase represents a material on-chain transfer. When major wallets reduce exchange balances, it often signals accumulation rather than immediate selling.
Key Takeaways
- Technical recovery: RSI moved out of oversold levels and price is above the nine-day MA, signaling reduced downside risk.
- Whale accumulation: 189 billion SHIB withdrawn from an exchange suggests strategic accumulation and lower circulating sell pressure.
- Volume caution: 24-hour trading volume is down ~40%, so moves may lack broad retail confirmation—monitor volume for validation.
Conclusion
Shiba Inu’s short-term technical profile shows early signs of stabilization: RSI recovery, a moving-average breakout, and notable whale accumulation all point to lower immediate downside risk. Market participants should watch volume and exchange flows to confirm a sustainable trend change. For traders and holders, continue monitoring on-chain metrics and technical levels for confirmation.
