SHIB price continues to be weak, possible rebound in 2025

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Shiba Inu Coin (SHIB) fell 11% this month and is currently trading at $0.0000223, showing weak market performance. Its bearish trend is mainly affected by insufficient demand, which has led to increased selling pressure.

Technical indicator signals

The RSI indicator is 40, close to the oversold zone, indicating that sellers dominate the market. If the selling pressure eases, there may be a short-term adjustment. But if there is a lack of new buying, SHIB may consolidate at a low level, and the price may fall back to $0.0000185. MACD also shows a bearish signal, indicating that there is a lot of downward pressure.

Whale activity has picked up, but more participation is still needed

SHIB's whale activity has risen, and the volume of single transactions exceeding $100,000 has tripled in 24 hours. However, overall whale activity remains below the weekly average, indicating that the market still needs more participation to drive prices higher.

Bearish in derivatives markets

SHIB performed weakly in the derivatives market, with open interest falling to a record low. The long-short ratio fell to 0.926, indicating that shorts are dominant and the market is bearish. If this trend continues, SHIB may continue to be in a range-bound state.

Outlook for 2025

In early 2025, if Trump's inauguration drives a small rise in the crypto market, SHIB may break through the current low and push the price back to $0.0000334. However, if the market has already reacted in advance, SHIB may face greater downward pressure. Overall, whether SHIB rebounds will depend on the overall crypto market trend and the participation of whales.

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