Analyzing SHIB’s Price Pause: Which Side Strikes Next, Bulls or Bears?
- SHIB trades near $0.00001295, forming a Falling Wedge signaling a possible breakout.
- Binance traders show bullish sentiment with a 2.55 long-to-short ratio.
- Key liquidation levels may spark rapid price swings if momentum builds.
Shiba Inu’s SHIB stands at a tense crossroads. Traders watch like hawks as the price lingers near $0.00001295, refusing to budge. A week of slow bleeding has shaved almost 14% from the token’s value, leaving both bulls and bears restless. Yet, beneath the calm surface, the chart whispers a different story. A familiar pattern emerges, hinting that a sudden charge could shatter this uneasy stillness.
Chart Signals Hint at a Break
On the four-hour chart, Shiba Inu forms a Falling Wedge, a classic setup for a breakout. The token hovers near the pattern’s upper edge, testing trader patience. Eight consecutive candles press against this invisible ceiling, as though momentum gathers behind a locked door. If the door bursts open, analysts see room for an 8.75% leap toward $0.00001416. Such a move would feel like a lightning strike in an otherwise gray sky.
Volume tells another part of the story. Over the last day, trading activity fell by 30%. Fewer hands moving the token often signal a buildup before a decisive swing. Meanwhile, the Supertrend indicator remains red, casting a cautious shadow over bullish hopes. The Relative Strength Index sits near 43, a neutral reading that neither cheers nor alarms.
Traders Show Their Cards
While charts whisper, on-chain data speaks louder. Binance traders appear eager for a climb. The SHIBUSDT Long/Short ratio recently surged to 2.55. Nearly 72% of traders hold long positions, revealing strong confidence in an upside move. Their conviction shines through the numbers like a flare in the night. Liquidation levels add tension to the scene. Heavy positions cluster around $0.00001266 and $0.00001318.
More than half a million dollars ride on the long side, while short sellers guard smaller stakes. Such leverage creates pressure. One sharp price jolt could trigger a cascade, pushing momentum even further. Market mood feels like a coiled spring. Bears point to the persistent downtrend and weak participation. Bulls lean on the wedge pattern and swelling long positions. Both camps wait, nerves stretched, for the first decisive candle.
Shiba Inu now embodies a classic standoff. The chart teases, the data tempts, and traders hold their breath. If bullish traders seize control, the token could surge quickly, feeding on liquidations and FOMO. If bears win, the retreat may deepen, erasing fragile confidence. The next few sessions will likely decide the victor. Whether bulls roar or bears claw, Shiba Inu promises drama. For investors, patience may prove as valuable as timing.
