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Shiba Inu Price Down 27% in 30 Days
Shiba Inu (SHIB) price has been trading sideways over the past seven days but remains down 27% in the last 30 days, reflecting a broader period of weakness. Despite recent signs of recovery, momentum indicators like the RSI and BBTrend suggest that SHIB is still struggling to establish a clear direction.
However, a potential golden cross forming on the EMA lines could signal a bullish breakout, with SHIB eyeing key resistance levels at $0.000017 and $0.000019. On the downside, if selling pressure resumes, SHIB could retest support at $0.000014.
SHIB RSI Is Currently Neutral, Down From 60.8
Shiba Inu RSI is currently at 52 after a sharp move yesterday that saw it surge from 50 to 60.8. The Relative Strength Index (RSI) is a momentum indicator used to measure whether an asset is overbought or oversold on a scale of 0 to 100.
Typically, an RSI above 70 signals overbought conditions and a potential price pullback, while an RSI below 30 indicates oversold conditions and the possibility of a rebound.
When the RSI hovers around the 50 mark, it suggests a lack of strong momentum in either direction, meaning the asset is in a neutral zone without a defined trend.
With the meme coin’s RSI now sitting at 52, it indicates that the recent bullish momentum has faded slightly, but the price is not yet in a bearish state. While RSI above 50 can suggest slight bullish strength, it is not strong enough to confirm a breakout.
If SHIB can regain momentum and push RSI back above 60, it could signal increasing buying pressure and a potential continuation of the uptrend.
However, if RSI continues to decline below 50, it may indicate weakening demand, leaving SHIB vulnerable to further consolidation or even a pullback.
Shiba Inu BBTrend Is Now Positive, But Still Low
Shiba Inu BBTrend indicator has turned positive, currently at 2.29, after spending six consecutive days in negative territory and reaching a low of -19.3 on February 6. The BBTrend, or Bollinger Bands Trend, is a volatility-based indicator that helps determine the strength and direction of a trend.
A positive BBTrend value suggests bullish momentum, while a negative value indicates bearish pressure. The deeper the negative reading, the stronger the selling pressure, whereas higher positive values signal an increasing uptrend.
With SHIB BBTrend now at 2.29, the shift from negative territory suggests that bearish momentum has weakened, and buying pressure is starting to build. While this does not yet confirm a strong uptrend, it indicates a potential transition toward a more bullish structure.
If BBTrend continues rising, it could signal increasing volatility in favor of buyers, pushing SHIB toward further gains.
However, if the indicator struggles to move higher or turns negative again, it would suggest that the recent recovery lacks strength, leaving SHIB at risk of renewed downward pressure.
SHIB Price Prediction: A Potential 57% Surge
Shiba Inu’s EMA lines suggest that a golden cross could form soon. A golden cross is a bullish signal that occurs when a short-term moving average crosses above a long-term moving average. If this pattern materializes, SHIB price could gain momentum and first test the resistance at $0.000017.
A breakout above this level could push the price higher toward $0.000019, and if bullish momentum continues, SHIB could target $0.0000249, representing a potential 57% upside.
On the other hand, if SHIB price fails to sustain buying pressure and enters a renewed downtrend, it may test the key support at $0.000014.
A breakdown below this level would open the door for further downside, with the price potentially falling to $0.0000116, marking a 27% decline. This would indicate that the bearish momentum seen in recent weeks remains intact, increasing the likelihood of further losses.
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- US Bitcoin ETFs collectively manage $115 billion in assets
- Since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion
- Bitcoin’s decline continues as selling pressure intensifies
Even as Bitcoin’s price has tumbled 25% since the start of 2025, a staggering 95% of investors in US spot Bitcoin ETFs have held firm, resisting the urge to sell.
Despite market volatility and macroeconomic uncertainties, Bloomberg data suggests that the overwhelming majority of ETF holders remain unfazed, showcasing strong conviction in Bitcoin’s long-term potential.
Bitcoin ETFs show resilience
Bloomberg ETF strategist James Seyffart reported that inflows into Bitcoin ETFs have slightly declined to $35 billion, down from their $40 billion peak.
However, this still represents over 95% of investor capital remaining in ETFs, even as Bitcoin’s price struggles.
Institutional investors, including Goldman Sachs, continue to maintain significant exposure, with more than $1.5 billion invested in Bitcoin ETFs.
As of now, US Bitcoin ETFs collectively manage $115 billion in assets, underscoring the staying power of both retail and institutional investors despite the crypto market downturn.
Bitcoin ETF outflows persist
Since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion.
On March 13 alone, outflows reached $135 million, according to Farside Investors.
However, BlackRock’s iShares Bitcoin Trust (IBIT) remains an exception, attracting net inflows of $45.7 million amid the broader sell-off.
Bitcoin price faces pressure
Bitcoin’s decline continues as selling pressure intensifies due to macroeconomic concerns, including the Trump administration’s ongoing tariff battle.
While BTC briefly surged above $84,000 following the release of US CPI data on Wednesday, it failed to hold above key resistance levels.
At press time, Bitcoin is trading at $81,953, down 1.56% on the day, with daily trading volume dropping 22% to under $30 billion.
According to Coinglass data, 24-hour liquidations have spiked to $75 million, with $52 million in long positions being wiped out.
CryptoQuant CEO Ki Young Ju noted that Bitcoin demand appears “stuck” at current levels but emphasized that it is still “too early to call it a bear market.”
Long-term Bitcoin holders continue accumulating
Despite Bitcoin ETF outflows, on-chain data reveals that long-term holders are accumulating more BTC.
Crypto analyst Ali Martinez reported that these investors have added over 131,000 BTC to their wallets in the past month alone, signaling confidence in Bitcoin’s long-term trajectory.
With Bitcoin’s price volatility and ETF outflows persisting, the coming weeks could be crucial in determining whether investors’ diamond hands will hold firm or if selling pressure will intensify.
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Bitcoin price started a recovery wave above the $80,500 zone. BTC is now rising and might aim for a move above the $84,000 and $85,000 levels.
- Bitcoin started a decent recovery wave above the $81,000 zone.
- The price is trading above $81,500 and the 100 hourly Simple moving average.
- There was a break below a short-term bullish trend line with support at $83,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase if it clears the $82,500 and $84,000 levels.
Bitcoin Price Eyes Steady Increase
Bitcoin price remained stable above the $78,000 level. BTC formed a base and recently started a recovery wave above the $80,500 resistance level.
The bulls pushed the price above the $82,000 resistance level. However, the bears were active near the $84,000 resistance zone. A high was formed at $84,200 and the price corrected some gains. There was a move below the $83,000 level.
The price dipped below the 50% Fib retracement level of the upward move from the $76,818 swing low to the $84,200 high. Besides, there was a break below a short-term bullish trend line with support at $83,000 on the hourly chart of the BTC/USD pair.
Bitcoin price is now trading above $81,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $82,450 level. The first key resistance is near the $84,000 level. The next key resistance could be $85,000.
A close above the $85,000 resistance might send the price further higher. In the stated case, the price could rise and test the $86,500 resistance level. Any more gains might send the price toward the $88,000 level or even $96,200.
Another Drop In BTC?
If Bitcoin fails to rise above the $82,450 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $80,500 level. The first major support is near the $79,600 level or the 61.8% Fib retracement level of the upward move from the $76,818 swing low to the $84,200 high.
The next support is now near the $78,500 zone. Any more losses might send the price toward the $77,000 support in the near term. The main support sits at $76,500.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $80,500, followed by $79,600.
Major Resistance Levels – $82,450 and $84,000.
Reason to trust
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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Ethereum price started a recovery wave above the $1,820 zone. ETH is now consolidating and facing hurdles near the $1,950 resistance.
- Ethereum started a recovery wave above the $1,820 level.
- The price is trading below $1,920 and the 100-hourly Simple Moving Average.
- There is a short-term bearish trend line forming with resistance at $1,900 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair must clear the $1,900 and $1,950 resistance levels to start a decent increase.
Ethereum Price Faces Resistance
Ethereum price formed a base above the $1,760 level and started a recovery wave, like Bitcoin. ETH was able to clear the $1,820 and $1,850 resistance levels.
The bulls pushed the price above the $1,920 level. There was a move above the 23.6% Fib retracement level of the downward wave from the $2,150 swing high to the $1,752 low. However, the bears seem to be active near the $1,950 resistance zone.
Ethereum price is now trading below $1,920 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,900 level.
There is also a short-term bearish trend line forming with resistance at $1,900 on the hourly chart of ETH/USD. The next key resistance is near the $1,950 level or the 50% Fib retracement level of the downward wave from the $2,150 swing high to the $1,752 low.
The first major resistance is near the $1,990 level. A clear move above the $1,990 resistance might send the price toward the $2,050 resistance. An upside break above the $2,050 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,250 in the near term.
Another Drop In ETH?
If Ethereum fails to clear the $1,950 resistance, it could start another decline. Initial support on the downside is near the $1,845 level. The first major support sits near the $1,800 zone.
A clear move below the $1,800 support might push the price toward the $1,750 support. Any more losses might send the price toward the $1,720 support level in the near term. The next key support sits at $1,650.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $1,800
Major Resistance Level – $1,920
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