Shiba Inu’s price has been trading sideways, despite a notable surge in token burns. After bouncing 20% off its yearly lows, the SHIB price trades near $0.00001250, but momentum remains muted. Meanwhile, key data shows that whales steadily trim their holdings, even as the burn rate accelerates. This mix of opposing trends has the SHIB community split. Is the memecoin gearing up for a bullish reversal, or does the exit of large holders point to deeper weakness ahead?
While technical indicators like Golden Crosses and Shib breakout formations hint at potential bullish momentum, the broader context, marked by muted price movement, aggressive token burns, and whale sell-offs, adds a layer of caution. The recent patterns, including failed breakdowns and volatile spikes, mirror the indecision among traders. Whether SHIB breaks higher or slips below support may depend on which side, bulls or bears, gains control in the face of conflicting forces. Let’s take a look at the SHIB price prediction to see how this development may impact the price of SHIB.
SHIB Price Prediction for April 21, 2025
An expanding triangle appeared in the price of SHIB, which marked the low of the day at $0.00001210 and broke out to the upside at 12:10 UTC on 20 April, supported by a Golden Cross in the MACD. Price formed a small range after the Shib breakout. The range again broke out to the upside at 13:35 UTC for a spike. In the meantime, RSI moved above 70, indicating an overbought market condition, suggesting that a reversal or at least a pullback in the ongoing uptrend may occur.
Price formed an upward-moving channel, which broke out to the downside at 20:45 UTC, but the downside breakout could not reverse the trend. At 23:00 UTC, a Golden Cross appeared in the MACD, suggesting that an upside breakout or momentum could be seen in the price of SHIB Inu. At 00:15 UTC, the price broke out from a downward-moving trendline, forming a spike and an upward-moving converging triangle. The triangle again broke out to the downside at 20:35 UTC, supported by a Death Cross in the MACD.
Shib Price marked the day’s high at $0.00001280, and a support zone appeared at the level of $0.00001260 as the price began moving sideways. Currently, if the price breaks the support level, the sideways market could continue, or the price could drop to $0.00001240. If an upside breakout succeeds, then price may move following the measured move equal to the size of the trading range it’s currently in.
SHIB Price at a Crossroads: Breakout or Breakdown?
SHIB’s recent price action reflects a tug-of-war between bullish signals like Golden Crosses and bearish cues like whale sell-offs and a Death Cross. Despite brief rallies and Shib breakouts, momentum remains fragile. The next move, either up or down, might determine short-term mood because the price is now trading close to crucial support at $0.00001260. While an upward breakthrough might lead to a cautious advance higher, a break below could indicate an additional drop. Traders remain cautious amid the ongoing uncertainty in the Shib community.
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