Shiba Inu shows neutral RSI at 37.90 with bearish MACD, but oversold conditions may trigger bounce. Critical support and resistance levels identified for strategicShiba Inu shows neutral RSI at 37.90 with bearish MACD, but oversold conditions may trigger bounce. Critical support and resistance levels identified for strategic

SHIB Price Prediction: Technical Signals Point to Potential Recovery Despite Bearish Momentum

2026/02/24 21:29
5 min read

SHIB Price Prediction: Technical Signals Point to Potential Recovery Despite Bearish Momentum

Rebeca Moen Feb 24, 2026 13:29

Shiba Inu shows neutral RSI at 37.90 with bearish MACD, but oversold conditions may trigger bounce. Critical support and resistance levels identified for strategic trading.

SHIB Price Prediction: Technical Signals Point to Potential Recovery Despite Bearish Momentum

Shiba Inu (SHIB) continues to face headwinds in the current market environment, trading with bearish momentum indicators while approaching oversold territory. This comprehensive SHIB price prediction analyzes the latest technical data to provide actionable insights for traders and investors.

SHIB Price Prediction Summary

Based on current technical analysis and market conditions:

Short-term target (1 week): Consolidation expected with potential bounce from oversold levels • Medium-term forecast (1 month): Range-bound trading likely between key technical levels • Bullish breakout level: Above current resistance zones with volume confirmation needed • Critical support: Current technical support levels holding, but break could accelerate decline

What Crypto Analysts Are Saying About Shiba Inu

While specific analyst predictions are limited in the current market cycle, recent analysis from financial platforms suggests mixed sentiment for SHIB. According to available reports from early January 2026, some analysts identified "potential 22% upside to resistance levels, with bullish MACD momentum supporting near-term recovery despite neutral RSI conditions."

However, current on-chain metrics present a more cautious picture, with trading volume at $4,955,169 over the past 24 hours indicating moderate market participation. The lack of recent specific price targets from major crypto analysts suggests the market is in a wait-and-see mode regarding SHIB's next directional move.

SHIB Technical Analysis Breakdown

The current technical landscape for Shiba Inu presents several key indicators that traders should monitor closely.

RSI Analysis: SHIB's 14-period RSI sits at 37.90, placing it in neutral territory but approaching oversold conditions. This level historically has provided bounce opportunities, though confirmation from other indicators remains crucial.

MACD Momentum: The MACD histogram shows 0.0000, indicating bearish momentum has stalled rather than accelerated. While this doesn't signal an immediate reversal, it suggests the selling pressure may be diminishing.

Bollinger Bands Position: With a %B position of 0.2116, SHIB is trading in the lower portion of its Bollinger Bands, indicating the asset is closer to oversold than overbought conditions. This positioning often precedes volatility expansion in either direction.

Stochastic Indicators: The extremely low Stochastic %K at 10.00 and %D at 8.00 confirm oversold conditions, potentially setting up for a technical bounce if broader market conditions improve.

Shiba Inu Price Targets: Bull vs Bear Case

Bullish Scenario

In an optimistic scenario, SHIB could benefit from its oversold technical position. The combination of low RSI and extreme Stochastic readings historically creates conditions favorable for short-term bounces. Key factors supporting this Shiba Inu forecast include:

The neutral MACD histogram suggests selling pressure is stabilizing, which could allow for accumulation at current levels. Volume confirmation would be essential for any sustained upward movement, requiring daily volume to exceed the recent $4.95 million threshold significantly.

Technical resistance levels identified in the data would serve as initial profit-taking zones for any recovery attempt. Breaking above these levels with conviction could signal a more substantial rally.

Bearish Scenario

The bearish case for this SHIB price prediction centers on the current MACD showing bearish momentum, despite the histogram being neutral. If broader cryptocurrency markets face additional pressure, SHIB's high-beta characteristics could amplify any downward moves.

Critical support levels remain crucial to monitor. A break below these technical floors could accelerate selling and potentially trigger stops from institutional holders. The 24-hour decline of 4.99% demonstrates that selling pressure remains present in the current market structure.

Should You Buy SHIB? Entry Strategy

For traders considering SHIB positions, the current technical setup presents both opportunities and risks that require careful consideration.

Entry Points: The oversold RSI and Stochastic readings suggest potential accumulation zones near current levels. However, waiting for confirmation through increased volume or positive MACD divergence could improve entry timing.

Risk Management: Given the neutral-to-bearish momentum indicators, position sizing should be conservative. Stop-loss levels below the identified technical support would help limit downside exposure while allowing for normal volatility.

Volume Confirmation: Any entry strategy should incorporate volume analysis, as SHIB's recent $4.95 million daily volume suggests moderate participation that would need to increase substantially for sustained moves.

Conclusion

This SHIB price prediction indicates a cryptocurrency at a technical crossroads. While oversold indicators suggest potential for near-term bounces, the broader momentum remains challenging. The Shiba Inu forecast suggests traders should approach with measured expectations and proper risk management.

The combination of neutral RSI, bearish MACD momentum, and extreme Stochastic readings creates a mixed technical picture that requires careful monitoring of volume and broader market conditions for directional clarity.

Disclaimer: Cryptocurrency price predictions are inherently speculative and subject to high volatility. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.

Image source: Shutterstock
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