Downward Signals in Altcoin Shiba Inu (SHIB): What Are Expert Expectations?

The price of Shiba Inu (SHIB) has recently fallen to the lowest levels in two months, leading to a cautious atmosphere among investors. As long positions in the futures market were quickly closed, a significant increase in risk perception among market participants was observed. Technical indicators suggest that the possibility of recovery is on the agenda in the short term.

According to the data, the long position ratio in SHIB futures has experienced a significant decline compared to short positions. The long-short position ratio has dropped to around 0.93, indicating that investors have started to act more cautiously. Recently, long positions exceeding $1.8 million have been closed, while the liquidation amount in short positions remained below $500,000. This situation is seen as a significant sign of reduced risk appetite in the market.

According to CoinGlass data, open interest in futures markets decreased by 2.14% in the last 24 hours, falling to $145 million. The forced closure of long positions occurred around $244,000, while liquidation in short positions remained at $57,000. These data indicate that losses in reverse positions have been relatively limited.

Technically, the SHIB price has decreased by about 10% since June 12, falling to around $0.00001164. However, there are slight signs of recovery above support levels on short-term charts. In particular, $0.00001100 is closely monitored as a critical support point, and maintaining this level is considered a precursor to a potential trend reversal.

AI-supported analyses provide signs of a recovery trend in the daily RSI and potential positive crossover signals in MACD indicators. If these technical signals are confirmed, there may be a possibility for the SHIB price to rise towards the Fibonacci 23.60% retracement level of $0.00001390.

In market sentiment, the closing price at the level of $0.00001170 with volume above average indicates that buyers are still active. The hourly RSI shows oversold regions, suggesting that the price may technically bounce back. Short-term recovery expectations strengthen as long as the support level remains above $0.00001168.

Experts indicate that SHIB's ability to maintain its current support points could increase investor confidence, while emphasizing that the overall market environment remains cautious and uncertain. CoinDesk AI analyses also suggest that SHIB holding its critical support level indicates a potential trend reversal and could show positive movements technically in the short term.

As a result, price movements in the SHIB market will be shaped based on critical support levels. Investors are advised to prioritize risk management by closely monitoring short-term technical signals. Given the current uncertainty and volatility in the market, a cautious approach may be healthier for short-term strategies.

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