TLDR
- Shiba Inu (SHIB) is trading at around $0.00001189 with recent 2.30% daily gains
- 59.17% of top traders are currently bearish on SHIB, while market sentiment polls show 88% of general participants are bullish
- Whale transactions between $1-10 million have decreased by 50% over the past three months
- SHIB is testing a critical resistance level around $0.000012, with potential for a 20% surge or 14% drop depending on breakout
- Experts remain optimistic with predictions of SHIB reaching $0.0000600 by the end of 2025
Shiba Inu (SHIB) is currently trading at approximately $0.00001189, showing a 2.30% increase over the past 24 hours amid conflicting market signals. The popular meme coin faces a pivotal moment as it tests a key resistance level that could determine its short-term price trajectory.
Trading data from Coinglass reveals that professional traders are predominantly bearish on SHIB’s prospects. The Long/Short Ratio sits at just 0.69, well below the neutral threshold of 1.0, indicating more short positions than long ones.
In fact, 59.17% of top traders are holding short positions on the dog-themed token, while only 40.83% maintain long positions. This professional skepticism contrasts sharply with broader community sentiment.
SHIB Price
According to CoinMarketCap polling data from nearly a million participants, a remarkable 88% of general market participants express bullish sentiment toward Shiba Inu, compared to just 12% feeling bearish.
This divergence between professional traders and the wider community highlights the unique market dynamics surrounding meme coins, where retail enthusiasm often plays a significant role.
Whale Activity Declines as Exchange Inflows Rise
On-chain data from IntoTheBlock points to declining whale activity for SHIB. Large transactions between $1 million and $10 million have dropped by 50% over the past three months.
This reduction in institutional-scale trading suggests decreased interest from deep-pocketed investors, potentially adding to the selling pressure on the token.
Meanwhile, exchanges have reported an inflow of $1.70 million worth of SHIB in the past 24 hours. This movement of tokens to exchanges often precedes selling activity, as investors typically transfer assets to trading platforms when they intend to liquidate positions.
Despite these concerning on-chain signals, SHIB’s trading volume has increased by 15% alongside its modest price gain, indicating heightened market participation and liquidity.
The token maintains a substantial market capitalization of approximately $7.01 billion, securing its position among the top tier of alternative cryptocurrencies. Daily trading volume exceeds $131 million, providing adequate liquidity for most traders.
Technical Analysis Points to Decisive Moment
Technical analysis shows SHIB has been moving within a descending channel pattern since early 2025. The current price sits at a critical juncture, testing the upper boundary of this channel.
Crypto trader BitGuru has expressed optimism about SHIB’s prospects, noting “strong bullish candles” forming as the price pushes against the resistance zone around $0.000012. This persistent resistance level has repeatedly halted upward advances in recent trading sessions.
BitGuru suggests that if buyers can successfully defend the $0.00001188 level, turning it into support, it could trigger a swift rally toward $0.00001204. His trade setup includes an entry range between $0.00001184 and $0.00001188, with a take-profit target at $0.00001204 and a stop-loss at $0.00001173.
The next price movement depends heavily on whether SHIB can break above this resistance. A successful breakout could lead to a 20% surge, potentially reaching $0.00000152 in the coming days.
However, if bullish momentum weakens, SHIB might follow historical patterns and drop by approximately 14%, falling to around $0.00000109.
Long-Term Outlook Remains Positive
Despite current market uncertainty and mixed signals, some experts maintain a bullish long-term outlook for SHIB.
A recent report published by Finder featured insights from industry leaders, including Bitget CEO Gracy Chen, who expressed particular confidence in SHIB’s future. Chen predicted the token could reach the $0.0000600 level by the end of 2025.
This optimistic forecast comes despite the current technical challenges and declining whale interest. It suggests that some industry insiders believe SHIB’s fundamentals or market position could drive substantial price appreciation over the coming months.
The contrast between short-term caution and long-term optimism reflects the volatile nature of cryptocurrency markets, especially for tokens with strong community backing but uncertain immediate technical prospects.
As SHIB continues to test resistance levels, traders and investors will be watching closely for signs of a decisive move in either direction.
The immediate focus remains on whether bulls can maintain momentum and push through the current resistance barrier, or if selling pressure will prevail and drive prices lower in the short term.
