{"id":617698,"date":"2025-01-13T12:12:25","date_gmt":"2025-01-13T12:12:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=617698"},"modified":"2025-01-13T12:12:25","modified_gmt":"2025-01-13T12:12:25","slug":"shiba-inu-price-prediction-shib-dips-5-amid-massive-whale-inflows-as-experts-say-consider-this-meme-coin-index-that-might-100x","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/shiba-inu-price-prediction-shib-dips-5-amid-massive-whale-inflows-as-experts-say-consider-this-meme-coin-index-that-might-100x","title":{"rendered":"Shiba Inu Price Prediction: SHIB Dips 5% Amid Massive Whale Inflows As Experts Say Consider This Meme Coin Index That Might 100X"},"content":{"rendered":"

The Shiba Inu price dropped 5% in the last 24 hours to trade at $0.00002085 as of 02:53 a.m. EST on trading volume that rose 1% to $393 million.<\/span><\/p>\n

The pullback in the SHIB price comes as the canine-themed meme coin records one of the largest whale inflows of approroximately $957 million over the past 7 days, according to data from <\/span>IntoTheBlock<\/span><\/a>. <\/span><\/p>\n

Shiba Inu Price Showing Bearish Signs<\/h2>\n

The <\/span>SHIB price<\/span> daily chart reveals<\/a> a pronounced rounding top pattern, a bearish reversal formation, which has already played out with the price breaking below the neckline. This pattern signals there might be a continuation of the meme coin’s downtrend. <\/span><\/p>\n

The Shiba Inu price is currently trading around $0.00002085, a level below both the 50-day Simple Moving Average (SMA) at $0.00002499 and the 200-day SMA at $0.00001896, <\/span>GeckoTerminal<\/span><\/a> data shows.<\/span><\/p>\n

SHIB’s overall trend appears bearish, especially after the failure of the recent bullish momentum in November 2024, which has led to a steady decline. <\/span><\/p>\n

The current SHIB price action shows increased selling pressure, with the price hovering precariously above the 200-day SMA support. A decisive breakdown below this level could lead to further losses for SHIB investors.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) stands at 39.79, indicating bearish momentum as it is below the neutral 50 level. However, the SHIB price is not yet in the oversold territory (<30), suggesting there is room for further downside before a potential reversal or relief rally.<\/span><\/p>\n

\"Shiba
SHIB\/USD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

SHIB Price Could Still Drop<\/h2>\n

Given the bearish technical setup and the breakdown of the rounding top pattern, SHIB is likely to test lower support levels. If the Shiba Inu price decisively breaks below the 200-day SMA at $0.00001896, the next target would be $0.00001500, representing a significant drop.<\/span><\/p>\n

On the flip side, any bullish reversal might only be possible if the Shiba Inu price reclaims the 50-day SMA at $0.00002499, but this seems unlikely given the current market sentiment and technical indicators. <\/span><\/p>\n

In the short term, the outlook remains bearish with a higher probability of further downside unless strong buying volume emerges.<\/span><\/p>\n

As the Shiba Inu price dips, investors are buying up an innovative new meme coin called <\/span>Meme Index (MEMEX)<\/span><\/a>. <\/span>According to crypto analyst and YouTuber Jacob Bury, who has over 53.8k subscribers, MEMEX has the potential to be the next 10x crypto.<\/span><\/p>\n