Shiba Inu is facing continued selling pressure, with several technical indicators suggesting that the recent downturn may persist in the short term. The token has dropped by 8.5% in the last 24 hours, mirroring a broader decline across the crypto market. This drop has pushed Shiba Inu’s price further down, adding another zero to its value and signaling a potential extension of the bearish trend. While investors are eager to know whether SHIB can stage a short-term rebound, a closer look at the technical indicators reveals a mixed outlook, with a clear bias toward continued weakness. Shiba Inu Technical Outlook An overview of SHIB’s key oscillators shows that most remain in neutral territory, reflecting indecision among market participants. Out of 11 tracked oscillators, eight currently signal neutrality, two indicate selling pressure, and one reflects a potential buying opportunity. The Relative Strength Index (RSI), one of the most watched indicators, stands at 45.90 on the weekly chart, roughly at the midpoint between overbought (70) and oversold (30) levels. This positioning suggests that while the token has experienced notable corrections, it has not yet entered deeply oversold territory. Moreover, the RSI continues to move in line with price action, showing no signs of bullish or bearish divergence that might hint at an upcoming reversal. However, other indicators tell a more cautionary story. The Moving Average Convergence Divergence (MACD) recently issued a sell signal following a bearish crossover between the MACD line and the signal line. This crossover is often interpreted as a precursor to further downward movement. The MACD histogram has also turned red, reinforcing the view that bearish sentiment may remain dominant in the near term. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Moving Averages Reinforce the Bearish Bias A deeper analysis of moving averages adds weight to the bearish outlook. Among 15 key moving averages examined, 14 currently show a sell signal, while only one remains neutral. SHIB is now trading below all major short, mid, and long-term moving averages, ranging from the 10-week to the 200-week metrics. This alignment across timeframes typically suggests that sellers maintain control of the market and that a recovery might not yet be imminent. The combined readings from oscillators and moving averages summarize the broader technical picture for Shiba Inu as a strong sell. If this trend continues, SHIB could be on track for additional losses in the days ahead. Possible Downside Targets According to independent market analyst MMBTrader , $0.000006 represents a crucial support level for Shiba Inu. This zone previously acted as a rebound point during the October 10 market crash, when SHIB briefly touched that low before recovering. At the current market price of $0.00000937, a retest of that level would imply a decline of approximately 36%. If selling pressure continues to intensify, this area could again become a focal point for traders watching for signs of a possible stabilization or reversal. Overall, while a few oscillators show neutral readings, the broader collection of indicators, including moving averages and the MACD, suggests that Shiba Inu remains in a vulnerable technical position. The token’s inability to hold above key levels and the persistence of sell signals across multiple timeframes point to continued caution among traders . Unless market sentiment shifts decisively, SHIB could face additional downside before finding its next support base . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Could Crash Further. Here’s Why appeared first on Times Tabloid .