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Tony Kim Sep 07, 2025 12:28
Shiba Inu trades with 1.39% gains despite death cross formation. SHIB RSI at 47.83 suggests neutral momentum while technical patterns point to potential downside.
Quick Take
• SHIB currently trading with +1.39% gains in 24h despite bearish signals • Death cross pattern emerges again, indicating potential bearish momentum shift • SHIB RSI at 47.83 remains in neutral zone amid mixed technical signals
What's Driving Shiba Inu Price Today?
The most significant development affecting SHIB price this week is the emergence of a major death cross pattern on September 6th, marking the second such occurrence in recent days. This technical formation, where shorter-term moving averages cross below longer-term ones, traditionally signals bearish momentum ahead for Shiba Inu.
However, the previous death cross on September 5th turned out to be a fakeout, creating uncertainty among traders about the reliability of current signals. This technical indecision reflects the broader market's struggle to establish clear direction for SHIB price movement.
Adding to bearish sentiment, speculation emerged on September 1st suggesting Shiba Inu might "add another zero" to its price in September, indicating expectations of significant downward movement. Despite these negative technical and sentiment indicators, SHIB price has shown resilience with modest gains today.
SHIB Technical Analysis: Mixed Signals Dominate
Shiba Inu's technical analysis reveals conflicting signals that traders must navigate carefully. The SHIB RSI reading of 47.83 places the token in neutral territory, neither overbought nor oversold, suggesting balanced buying and selling pressure.
The MACD histogram shows bullish momentum for Shiba Inu despite the recent death cross formation. This contradiction between different technical indicators creates uncertainty about SHIB's immediate direction. Shiba Inu's Stochastic oscillator readings (%K at 44.36, %D at 35.38) support the neutral sentiment, avoiding extreme levels that might signal imminent reversals.
Shiba Inu technical analysis becomes more complex when considering the Bollinger Bands position at 0.4526, indicating SHIB price is trading below the middle band but not at extreme levels. This positioning suggests room for movement in either direction.
Shiba Inu Price Levels: Key Support and Resistance
Based on Binance spot market data, Shiba Inu support levels and SHIB resistance zones will be crucial for determining the next price move. The current trading range provides limited volatility as measured by the daily ATR, suggesting subdued market activity.
For SHIB/USDT traders, the immediate support and resistance levels will serve as key decision points. A break below Shiba Inu support levels could validate the death cross signal and trigger further selling pressure. Conversely, holding above these levels might indicate the death cross is another fakeout similar to the September 5th occurrence.
The 24-hour trading volume of $5,969,251 on Binance spot suggests moderate interest in SHIB, neither indicating panic selling nor strong accumulation. This volume level supports the neutral technical picture emerging from other indicators.
Should You Buy SHIB Now? Risk-Reward Analysis
Conservative traders should exercise caution given the conflicting technical signals in Shiba Inu technical analysis. The death cross pattern historically suggests bearish momentum, but the recent fakeout demonstrates these signals aren't always reliable for SHIB price movements.
For swing traders, the neutral SHIB RSI provides an opportunity to wait for clearer directional signals before committing capital. The current price level offers a reasonable entry point if Shiba Inu can invalidate the death cross pattern with sustained upward movement.
Day traders might find opportunities in the current consolidation, but should maintain tight risk management given the technical uncertainty. The MACD's bullish histogram reading conflicts with the death cross, creating potential for quick reversals that could catch traders off-guard.
Risk management remains paramount regardless of strategy, with stops below key Shiba Inu support levels for long positions and above SHIB resistance for short positions.
Conclusion
SHIB price faces a critical juncture with mixed technical signals creating uncertainty about near-term direction. While the death cross suggests bearish momentum, the previous fakeout and neutral RSI readings indicate the pattern may not be reliable. Traders should monitor the next 24-48 hours for a clear break above resistance or below support to confirm SHIB's next move. The modest trading volume and conflicting indicators suggest a period of consolidation before the next significant price movement in either direction.
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