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Home»Crypto»Shiba Inu: 59% of traders are bearish, but a reversal is possible IF…
Crypto

Shiba Inu: 59% of traders are bearish, but a reversal is possible IF…

April 17, 2025No Comments3 Mins Read
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  • Whale transactions ranging from $1 million to $10 million have decreased by half.
  • 59.17% of top traders are currently short on SHIB.

In the midst of market uncertainty, Shiba Inu [SHIB] is displaying a bearish trend and is likely to continue moving downwards. This pessimistic outlook is influenced by bearish price movements and limited interest from traders and investors.

Currently, traders are predominantly leaning towards a bearish sentiment, according to Coinglass data.

SHIB’s Long/Short Ratio stands at 0.69—significantly below 1, indicating more shorts than longs. Specifically, 59.17% of top traders are holding shorts, while only 40.83% are in long positions.

SHIB Long/Short Ratio Chart

Source: Coinglass

Moreover, there has been a decline in whale activity. IntoTheBlock data indicates a 50% decrease in $1M–$10M SHIB transactions over the last three months.

This significant reduction in participation from institutional players has added to the selling pressure.

Transaction Count by SizeTransaction Count by Size

Source: IntoTheBlock

Despite this, exchanges have seen an influx of $1.70 million worth of SHIB coins in the last 24 hours, indicating a potential sell-off and suggesting an increase in selling pressure soon.

SHIB Spot Inflow/OutflowSHIB Spot Inflow/Outflow

Source: Coinglass

Despite the inflows, SHIB has seen a 2.30% increase in the last 24 hours, trading around $0.00000119. Notably, trading volume has also gone up by 15%, indicating higher market participation.

Shiba Inu’s Price Movement and Future Levels

Based on AMBCrypto’s technical analysis, SHIB has been following a descending channel pattern since early 2025.

Currently, the memecoin is at a crucial resistance level, representing the upper boundary of this channel.

The daily chart suggests that this level could play a significant role in determining SHIB’s next price direction. A breakout above this resistance could indicate a trend reversal.

Otherwise, further downside movement may be expected.

Shiba Inu (SHIB) price actionShiba Inu (SHIB) price action

Source: TradingView

If SHIB continues to rise and breaks out of the descending channel, it could see a 20% increase, reaching $0.00000152 in the near future.

On the other hand, if the bullish momentum weakens due to bearish on-chain indicators, a 14% drop to $0.00000109 could be anticipated.

The next move hinges on whether buyers can maintain the momentum or if selling pressure dominates.

Expert Insights on SHIB

Despite the current market conditions and bearish price trends, experts remain optimistic about SHIB.

A recent report from Finder features insights and predictions from industry leaders, including the CEO of Bitget and other experts, regarding SHIB.

According to the report, Bitget CEO Gracy Chen is particularly bullish on SHIB, suggesting that the token could reach the $0.0000600 level by the end of 2025.

Next: JASMY drops 7% after 23% rally – But is a surprise reversal brewing?

following sentence in a more concise way:

“The reason why he was late to the meeting was because he got stuck in traffic.”

“He was late to the meeting due to traffic.”

Bearish IF.. Inu reversal Shiba traders
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