Key Insights:
- The recent Shiba Inu news suggests that if the sentiment remains unchanged, SHIB could crash by 20%.
- Traders have been strongly betting on the bearish side, having built $196.95K worth of long positions and $1.47 million worth of short positions.
The latest Shiba Inu news indicates that the meme coin is poised for significant downside momentum due to its bearish structure. The daily chart reveals that SHIB, the native token of the meme coin, has formed a bearish candlestick pattern at the resistance level, suggesting a potential major price decline.
Shiba Inu News: $197k Worth of Long Position At Risk
In addition to this, another major Shiba Inu news is the potential liquidation of $197K worth of long positions, as revealed by the on-chain analytics tool CoinGlass.
In the past 24 hours, traders have identified two key levels: $0.00001251 as the support and $0.00001327 as the resistance. At these levels, they have built $196.95K worth of long positions and $1.47 million worth of short positions.
However, at press time, the SHIB price was moving near the lower boundary of the meme coin’s support level. If it reaches that level, the entire $197K worth of long positions could be liquidated.
Current Price Momentum
At press time, SHIB was trading near $0.00001265 and had registered a price decline of over 8.50% in the past 24 hours. During the same period, investor and trader participation plummeted, leading to a 22% drop in trading volume.
This decline in trading volume, along with the falling price, indicates weak downside momentum in the asset and could slow down its overall movement. The downside momentum may fade if bulls re-enter the market.
Experts Bullish View on SHIB
Investors and analysts see this price decline as a correction and are making bold predictions on X (formerly Twitter). In a post on X, one analyst noted, “Everything is just getting started for SHIB,” and further added that SHIB has the potential to soar 17x in the coming days.
He concluded by saying, “Just hold and be patient.” This post gained widespread attention from crypto enthusiasts.
Shiba Inu (SHIB) Price Action and Technical Analysis
According to expert technical analysis, the latest Shiba Inu news suggests a bearish outlook, with the possibility of notable downside momentum. The daily chart reveals that the meme coin has been consistently facing resistance from a descending trendline since the beginning of May 2025.
Historically, each time SHIB reached this resistance level, it experienced a significant price decline. Given the current market sentiment, it appears that history may be repeating itself.
Shiba Inu News: Will Meme Coin Crash Ahead?
Based on recent price action and historical patterns, if the sentiment remains unchanged, there is a strong possibility that Shiba Inu could turn bearish, with the price potentially dipping over 20%.
However, this bearish outlook would likely play out only if the meme coin falls below the $0.00001188 level—otherwise, the thesis may fail.
At press time, Shiba Inu price was trading below the 200 Exponential Moving Average (EMA) on a daily time frame, which indicates a prevailing bearish trend and suggests that sellers continue to dominate the market.
This technical setup often signals weakness and the potential for further downside unless the price manages to reclaim the 200 EMA as support.
Whereas, the Relative Strength Index (RSI) stands at 42.79, indicating that the asset is currently in a neutral to slightly bearish zone, with no immediate signs of being oversold. This suggests that there is still room for further downside before a potential reversal or bounce occurs.