Shiba Inu Drops 2.193% Amid Potential Market Shift

Shiba Inu's latest price was $0.00001118, down 2.193% in the last 24 hours. The token has shown a mild increase in value, indicating a revival of activities on the market. This is particularly notable as SHIB hits an imminent resistance in a falling wedge chart top, which is traditionally a potential game changer in the market direction. The token is currently testing the upper boundary of the wedge, a resistance level that has been central to the current price action. If bulls push past this threshold, the market could see a significant shift.

The Awesome Oscillator (AO) is currently signaling a potential momentum shift. It has started flashing green, although it remains within negative territory. Such progress is usually seen as a sign of a weaker bearish progression. Further upward pressure would then see AO move to positive levels, and this would correspond with a stronger bullish view of SHIB in the short-term view.

Traders are getting ready to see a potential price rally. The platform's long/short ratio is up to 2.24. This ratio means that there are more than two long positions for a short position. The price has stagnated in recent times, but the open interest is at $131 million. This consistency indicates that traders are expecting a breakout, with traders taking up their positions.

Based on statistics, the outflows of SHIB via exchanges topped seven-day inflows. This pattern is an indicator that holders are transferring their tokens off exchanges and, therefore, decreasing the current selling pressure. It also implies chances of gaining renewed confidence in the likelihood of the token reclaiming its prices. This reinforces the technical perspective that shows that there is a potential of an upward breakout.

Shytoshi Kusama, one of the core developers of the Shiba Inu project, has recently teased AI developments in the ecosystem. In a post on X, Kusama wrote, “JULY is… JUL-AI. Get ready for a wave of announcements, releases, and conversations about everything we’ve built so far and where we’re headed next.” This announcement has sparked interest and speculation within the community about potential new developments and their impact on the token's future.

Amid the present market volatility, the Shiba Inu token has formed a triangle pattern and continues trading within it since April 2025. Notably, it has lost approximately 4% in the last seven days and 14.02% over the past month. This has resulted in it constantly failing to breach its watch zone of around the $0.0000120 mark. The Bear Bull Power (BBP) indicator has been mostly negative since mid-June, signaling strong selling pressure for the meme coin in the market. Further, the declining intensity of the red bars suggests the bearish momentum is reducing, but a strong reversal is still not visible.

The RSI is presently at 40.34, hinting at a slightly bearish momentum. Additionally, its recent attempt to rise above its moving average shows a weakening bearish trend. If the level rises above 50, it may suggest a growing buying pressure. If the market favors the bulls, the Shiba Inu price could retest its resistance trendline of the triangle pattern this week. Increasing positive sentiment may push the value toward its important resistance level in the upcoming time. On the contrary, if the bears outrun the bulls, the price of SHIB memecoin may retest its immediate important support trendline. In an extreme bearish scenario, the SHIB coin price could retest its low that was last recorded on 21st of February 2024.

Shiba Inu has recorded an unexpected surge in on-chain activity, drawing attention despite its persistent price struggles. The token’s transaction volume soared in June, with a massive 24 trillion SHIB exchanged in early June alone. This shift comes even as SHIB continues to face resistance at key technical levels. Bullish attempts have been repeatedly rejected in the range. Candlestick reps have also been building up under this area, keeping in line with the 50, 100, and 200-day exponential moving averages. Every EMA keeps putting pressure on the price dynamics.

In the meantime, a 600% increase in the volume of whale transactions has also appeared as a new fact. This increase in big transfers has meant an increase in activity beneath the surface, even though retail volume on exchanges is still relatively stagnant. SHIB on-chain data indicates that as recent as June 30, 11.6 trillion tokens were exchanged, demonstrating the existence of strategic actions of the larger holders. Even though the on-chain dynamics are in overdrive, other metrics, such as the Relative Strength Index (RSI), remain situated under the 50-level. RSI is in poor shape and continues to place SHIB under technical bearishness. In addition, the 200 EMA is headed down gently, underpinning the current downward trend.

The rising transaction volumes, especially from large holders, suggest a potential accumulation phase rather than distribution. This behavior typically precedes volatility, particularly when the price remains compressed in a tight range. If SHIB breaks above the EMA cluster convincingly, it could trigger a significant rally or a liquidation-driven move. Such a breakout would require a sustained close above the mark to signal a change in sentiment. Until then, the token remains locked in a consolidation zone with limited movement. However, the growing divergence between low price action and high on-chain activity continues to build speculation around a possible trend reversal. Currently, SHIB’s chart displays signs of preparation rather than execution. Market participants are closely watching for confirmation that recent whale-driven volumes are part of a long-term repositioning strategy.

Recent developments surrounding the Shiba Inu cryptocurrency highlight notable shifts and community responses, with a focus on market dynamics and network activity. A key figure from the Shiba Inu team has openly criticized certain cryptocurrency exchanges, labeling their practices as manipulative. This public denouncement brings attention to ongoing concerns about fairness and transparency in digital asset trading environments, emphasizing the project's stance on ethical market conduct without delving into specific price implications.

Concurrently, the Shiba Inu ecosystem has experienced a significant and unexpected surge in on-chain activity. This development has drawn widespread attention from market observers, as it indicates heightened engagement and transaction volumes within the network. Despite broader market trends, the spike underscores potential underlying shifts in user adoption and blockchain utility, reflecting the community's resilience and evolving strategies.