** SHIB Price Faces Pressure Despite Recent Rally – Technical Analysis Shows Mixed Signals
The post ** SHIB Price Faces Pressure Despite Recent Rally – Technical Analysis Shows Mixed Signals appeared on BitcoinEthereumNews.com. Terrill Dicki Sep 22, 2025 08:51 ** Shiba Inu trades with bearish momentum as SHIB RSI hits 40.56, testing key support levels after recent 15% surge loses steam in volatile crypto market conditions. ** Quick Take • SHIB currently experiencing -6.25% decline in 24-hour trading • Shiba Inu’s RSI at 40.56 indicates neutral territory with bearish undertones • Recent 15% rally on September 21 losing momentum amid market volatility • SHIB trading near Bollinger Band lower support with increased selling pressure What’s Driving Shiba Inu Price Today? The SHIB price action reflects a pullback from last weekend’s impressive rally, where Shiba Inu broke through multi-month resistance levels with a 15% surge on September 21. This breakout initially signaled renewed investor confidence and marked a significant technical milestone for the meme coin. However, the current decline suggests profit-taking behavior as traders capitalize on the recent gains. The earlier momentum from September 21 appears to be cooling, with the market showing typical volatility patterns following sharp price movements. Trading volume on Binance spot remains robust at $38.3 million, indicating continued interest despite the current bearish pressure. Earlier market analysis from September 18 had shown SHIB maintaining support around $0.00001310 while facing resistance near $0.00001380, with on-chain data revealing $1.52 million in outflows that suggested fragile demand dynamics. This cautious sentiment appears to be materializing in today’s price action. SHIB Technical Analysis: Bearish Signals Emerge The Shiba Inu technical analysis reveals several concerning indicators for short-term traders. SHIB’s RSI currently sits at 40.56, placing it in neutral territory but with a clear bearish bias as it approaches oversold conditions below 30. The MACD histogram shows negative momentum for SHIB, with the bearish crossover suggesting continued downward pressure in the near term. This technical setup often…
The post ** SHIB Price Faces Pressure Despite Recent Rally – Technical Analysis Shows Mixed Signals appeared on BitcoinEthereumNews.com.
Terrill Dicki Sep 22, 2025 08:51 ** Shiba Inu trades with bearish momentum as SHIB RSI hits 40.56, testing key support levels after recent 15% surge loses steam in volatile crypto market conditions. ** Quick Take • SHIB currently experiencing -6.25% decline in 24-hour trading • Shiba Inu’s RSI at 40.56 indicates neutral territory with bearish undertones • Recent 15% rally on September 21 losing momentum amid market volatility • SHIB trading near Bollinger Band lower support with increased selling pressure What’s Driving Shiba Inu Price Today? The SHIB price action reflects a pullback from last weekend’s impressive rally, where Shiba Inu broke through multi-month resistance levels with a 15% surge on September 21. This breakout initially signaled renewed investor confidence and marked a significant technical milestone for the meme coin. However, the current decline suggests profit-taking behavior as traders capitalize on the recent gains. The earlier momentum from September 21 appears to be cooling, with the market showing typical volatility patterns following sharp price movements. Trading volume on Binance spot remains robust at $38.3 million, indicating continued interest despite the current bearish pressure. Earlier market analysis from September 18 had shown SHIB maintaining support around $0.00001310 while facing resistance near $0.00001380, with on-chain data revealing $1.52 million in outflows that suggested fragile demand dynamics. This cautious sentiment appears to be materializing in today’s price action. SHIB Technical Analysis: Bearish Signals Emerge The Shiba Inu technical analysis reveals several concerning indicators for short-term traders. SHIB’s RSI currently sits at 40.56, placing it in neutral territory but with a clear bearish bias as it approaches oversold conditions below 30. The MACD histogram shows negative momentum for SHIB, with the bearish crossover suggesting continued downward pressure in the near term. This technical setup often…
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