The post SHIB Price Analysis: Shiba Inu Shows Neutral RSI Despite 2.19% Daily Decline appeared on BitcoinEthereumNews.com.

Tony Kim
Sep 20, 2025 08:25

SHIB price drops 2.19% to current levels while technical indicators show mixed signals. Shiba Inu RSI remains neutral at 49.33, suggesting potential consolidation ahead.

Quick Take • SHIB currently trading with a -2.19% decline in the past 24 hours • Shiba Inu’s RSI sits in neutral territory at 49.33, indicating balanced momentum • No major news catalysts driving recent price action, leaving technical factors in focus • SHIB/USDT trading volume reaches $14.46 million on Binance spot market What’s Driving Shiba Inu Price Today? The SHIB price movement today appears driven primarily by broader market sentiment rather than specific news catalysts. With no significant developments reported for Shiba Inu in the past week, traders are focusing on technical patterns and general cryptocurrency market dynamics. The absence of major announcements or partnerships has left SHIB price action dependent on technical levels and trader sentiment. This environment often leads to consolidation phases where the token moves within established support and resistance ranges, which appears to be the current scenario for Shiba Inu. Market participants are closely watching for any signs of renewed interest in meme tokens or broader ecosystem developments that could influence SHIB’s trajectory in the coming sessions. SHIB Technical Analysis: Mixed Signals Suggest Consolidation The Shiba Inu technical analysis reveals a complex picture with indicators pointing in different directions. SHIB RSI currently stands at 49.33, placing it firmly in neutral territory and suggesting neither overbought nor oversold conditions. This neutral RSI reading indicates that Shiba Inu could move in either direction based on external catalysts or volume changes. Shiba Inu’s MACD histogram shows a slightly bearish reading at -0.0000, indicating weakening momentum in the short term. However, the magnitude of this bearish signal is minimal, suggesting that…

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Filed under: News - @ September 21, 2025 2:17 am