Shiba Inu (SHIB) Price Analysis

Besdies, the Shiba Inu price has fallen below the rising wedge, causing the token to spike by more than 30%. It could appear the price may soon trigger a healthy rebound, but the technicals suggest the other way around. The SHIB price could be prone to a wider correction, which could drag the levels below $0.00002 very soon.

The MACD shows a drop in buying volume and the levels are suddenly heading towards a bearish crossover. On the other hand, the Ichimoku cloud is turning bullish as the bearish trend is expected to end. Moreover, the bullish crossover between the base & conversion line may invalidate the bearish trajectory. Therefore, the SHIB price continues to remain within a decisive phase and the trade until the weekend may have a greater impact for the upcoming price action in 2025. $SHIB