Shiba Inu: Despite 59% Bearish Sentiment Among Traders, a Potential Reversal Looms Under Certain Conditions

As of April 2025, Shiba Inu (SHIB) is experiencing significant bearish pressure, with 59% of traders anticipating further downside. However, technical and on-chain indicators suggest a possible trend reversal could materialize if key support levels hold and buying volume increases. Market analysts highlight that a breakout above critical resistance, coupled with renewed whale accumulation, may shift the current sentiment. Traders are advised to monitor Fibonacci retracement levels and exchange netflows for early signals of a bullish turnaround. The coming weeks will be decisive for SHIB’s price trajectory as it navigates this high-stakes consolidation phase.

Source: Coinglass

On top of that, whale activity dwindled. IntoTheBlock showed a 50% drop in $1M–$10M SHIB transactions over the past three months.

Naturally, this sharp falloff from institutional players added to the selling pressure.

Source: IntoTheBlock

Meanwhile, exchanges have witnessed an inflow of $1.70 million worth of SHIB coins in the past 24 hours, indicating a potential dump and suggesting increased selling pressure soon.

Source: Coinglass

Despite the inflows, SHIB ticked up by 2.30% in 24 hours, trading near $0.00000119. Notably, trading volume also rose by 15%, signaling increased market participation.

Shiba Inu’s price action and upcoming level

According to AMBCrypto’s technical analysis, SHIB has been moving within a descending channel pattern since early 2025.

At press time, the memecoin was at a critical resistance level, marking the upper boundary of this channel.

The daily chart suggests that this level could be pivotal in determining SHIB’s next price movement. If it breaks above resistance, it may signal a trend reversal.

Otherwise, it could face further downside

Source: TradingView

If SHIB’s price continues to rise and breaks out of the descending channel, it could surge 20%, reaching $0.00000152 in the coming days.

Conversely, if bullish momentum weakens due to bearish on-chain metrics, history may repeat itself. In that case, SHIB could drop 14%, falling to $0.00000109.

The next move depends on whether buyers can sustain momentum or if selling pressure takes over.

Experts’ view on SHIB 

Despite ongoing market uncertainty and bearish price action, experts still have a bullish view on SHIB.

Recently, Finder published a report in which industry giants, including the CEO of Bitget and other experts, shared their views and predictions on SHIB.

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