Shiba Inu Daily Turns Bearish After Slip Below 20‑Day MA; More SHIB Selling Likely
Shiba Inu (SHIB) has shifted into a short‑term bearish phase after losing the 20‑day simple moving average on the daily chart. Following a 46% rally in early January that pushed SHIB to about $0.00001009, the token retraced roughly 22% from that local high and is trading near $0.0000057 (CoinMarketCap). The daily close below the Bollinger Bands midline (20‑day SMA) signals that sellers have gained control; the lower Bollinger Band sits near $0.0000073 and may act as the next technical support. Traders should note that the move below the 20‑day MA is commonly viewed as a bearish short‑term signal, especially if volume declines and broader market tone remains weak. However, market sentiment, liquidity, and macro events can rapidly change outlooks; technical indicators indicate elevated downside risk but do not guarantee continued declines. Key SEO keywords: Shiba Inu, SHIB price, 20‑day moving average, Bollinger Bands, crypto sell‑off.
Bearish
The article highlights a clear technical deterioration: SHIB failed to sustain its early‑January rally and closed below the 20‑day SMA (Bollinger Bands midline) on the daily chart. Historically, losing a short‑term moving average with declining momentum tends to increase the probability of continued near‑term weakness as momentum traders exit and stop orders cascade. The retreat from a 46% short squeeze into a 22% pullback shows that prior buyers lacked sustained conviction. The positioning of the lower Bollinger Band near $0.0000073 gives a proximate support target; if volume remains low and broader crypto sentiment is weak, the price could test or breach that level. In the short term, expect elevated volatility and potential further downside as technical sellers dominate and momentum traders reduce exposure. In the medium to long term, the outlook will depend on broader market recovery, renewed on‑chain demand, or fundamental developments for SHIB; similar episodes in altcoins (rapid rallies followed by moving‑average breaks) have produced either extended consolidations or deeper corrections before any sustainable recovery. Traders should weight risk management (tight stops, position sizing) and watch volume, macro cues, and whether SHIB reclaims the 20‑day MA to signal a shift back toward bullish control.