Buy or sell? What do technical indicators suggest for Shiba Inu (SHIB)?
As 2025 is about to end, Shiba Inu has made it onto the annual list of "worst performing cryptocurrencies." Its current price is $0.0000078, down nearly 72% over the past year. Investors who bought this cryptocurrency in the past two years have all suffered losses.
Despite the growing calls to "buy the dip," what do technical indicators suggest about Shiba Inu's trend? Some on-chain indicator companies have already given their price predictions for SHIB. In this article, we will focus on whether you should consider buying Shiba Inu or if you should ignore this token.
Also read: Shiba Inu Prediction: Can SHIB Finally Shine Before Christmas 2025?
Shiba Inu: Buy or Sell? How to Interpret the Technical Indicators?
Source: Watcher.Guru Technical indicators from the Traders' Union point to a "strong sell." Out of 24 analysts, 19 strongly recommend selling, while only two urge traders to buy and build positions at the current low price. The remaining three remain neutral, advising investors to continue holding Shiba Inu. Overall, SHIB's rating is mostly negative, as it is very likely to result in total losses in the short term.
Source: Union In addition, the latest technical indicators from TradingView are also pessimistic about Shiba Inu's outlook. The moving averages show a strong sell signal, and the overall analysis also points to selling. The continued price decline has weakened investor confidence in this dog-themed token, and analysts are issuing sell recommendations. Due to the token's weak performance on the charts, investor confidence has hit rock bottom.
Source: TradingView Switching funds from Shiba Inu to invest in bitcoin can help recover losses. Ethereum is also a good option to diversify investment risk and reduce volatility. Bitcoin is currently priced around $87,000 (UTC+8), and entering now could be profitable. After a drop, bitcoin prices usually rebound to the $91,000 to $93,000 range, providing ample opportunities for short-term traders to sell for profit.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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