Shiba Inu (SHIB) has been on a downward trend for several weeks, losing over 34% of its value since it peaked in February 2025.
Death Cross Pattern Raises Concerns
A Death Cross pattern has emerged on the SHIB/USD chart, a bearish signal occurring when the 50-day moving average falls below the 200-day moving average. This indicates potential continued decline as SHIB remains below both key moving averages. The lower Bollinger Band at $0.00001123 could serve as a short-term price target if selling pressure persists.
Whale Activity and Market Sentiment
Shiba Inu's price movements have historically been influenced by large whale investors. On-chain data from Glassnode shows that before the 2021 bull run, whales held 20% of the total SHIB supply. Their buying and selling activities continue to impact the market significantly. Currently, analysts are closely monitoring whale activity. If these large holders sell more SHIB, it could accelerate the downtrend. However, strong support at the $0.00001 level has repeatedly prevented a deeper drop, indicating buyer demand at this price point.
Can SHIB Reverse the Downtrend?
For Shiba Inu to regain momentum, it must break above the $0.000013 resistance level. Failing to do so could keep SHIB in a confined range, possibly retesting lower supports. The coming days will be critical as investors monitor whether whales influence a market reversal or if SHIB succumbs to further bearish pressure driven by technical indicators.
SHIB's price is under pressure from a combination of technical indicators and significant investor activity. The coming days will reveal whether Shiba Inu can emerge from its current downtrend or reach new lows.
