Shiba Inu (SHIB) remains in a downtrend on both the daily and weekly charts, so the preferred scenario is to look for selling opportunities when the price pulls back to Fibonacci resistance levels, rather than chasing the rally.
SHIB has fallen sharply in recent weeks, despite a quick rebound when Bitcoin (BTC) surged. However, selling pressure from whales and general market sentiment mean that these rebounds are XEM as opportunities for risk management and profit-taking/short-term gains rather than signals of a sustainable reversal.
- SHIB remains bearish on both the 1-day and 1-week timeframes; the recent upward movement is mostly a technical rebound.
- Key resistance levels according to Fibonacci: $0.00000758, $0.00000817, and $0.000009.
- Key strategy: “sell on pullbacks” as the longer-term trend remains bearish.
SHIB could continue to rebound towards Fibonacci resistance zones.
On the 1-day timeframe, SHIB remains bearish, but the recent rebound could push the price towards Fibonacci resistance zones before facing renewed selling pressure.
The 1-day market structure remains negative as SHIB has just formed a new swing low. Therefore, the upward momentum in the last few hours/session may only be a pullback within the main downtrend.
The MACD indicator has not yet recorded a bullish crossover and remains in deep bearish territory, reflecting the strength of the previous decline. This usually indicates that buying pressure is not yet sufficient to confirm a reversal, even if the price rebounds in the short term.
Based on the most recent decline, Fibonacci retracement levels indicate resistance to watch at $0.00000758, $0.00000817, and $0.000009. The first two also coincide with the "imbalance" zone on the daily chart, which could Vai as a supply area if the price rebounds.
Given the broader cautious market sentiment and data indicating continued Dump by large wallets, traders may consider viewing price pullbacks to these retracement zones as trend-following selling opportunities, rather than expecting a reversal.
The bullish scenario depends on BTC attracting Short liquidation .
If BTC continues its strong rebound and "absorbs" the Short liquidation zones above, SHIB could be pulled higher, but this is a less likely scenario than the main downtrend.
BTC previously dropped approximately 38% in 22 days (from January 15th to the Dip of the most recent decline as per the original text), and then experienced a significant rebound. If BTC still has room to rise above the price range mentioned in the original text, the aforementioned Short liquidation clusters could become a "magnet" pulling the price up, not only for BTC but also for SHIB.
If the upward momentum is strong enough, SHIB could head towards the swing high on the daily chart around $0.00001. However, according to the original text, this is XEM a less feasible option, as the larger structure still leans toward bearish.
The preferred action for traders is to sell when the price pulls back.
Since the bearish structure has persisted across the weekly and daily timeframes, the pragmatic strategy is to wait for a pullback to resistance before selling, rather than trying to buy the Dip.
The weekly chart of SHIB shows a bearish structure since June 2025, according to the original content. With the larger timeframe trend bearish, rallies often encounter selling pressure at resistance levels, especially at Fibonacci levels and identified imbalance zones.
Therefore, traders can monitor price reactions when approaching $0.00000758, $0.00000817, and $0.000009 to look for signs of weakness (e.g., rejection candles, failure to break through resistance) in order to optimize entry points for selling orders in line with the trend. If the price decisively breaks through and holds above resistance, the "sell on pullback" scenario needs to be re-evaluated to avoid risk.
SHIB is likely to continue to be dominated by BTC.
Over the next few days, SHIB 's price movements may follow BTC , as Bitcoin often leads overall sentiment, but SHIB 's downtrend could still resume after rallies.
SHIB is generally sensitive to overall market fluctuations, especially when BTC creates sharp rallies/downturns. As originally stated, SHIB may "mirror" BTC in the short term, but that doesn't mean SHIB has reversed its trend.
A rebound to higher price levels may occur towards the end of February (as predicted in the original text). However, without a clear change in market structure and momentum, a bearish trend is likely to return afterward.
Frequently Asked Questions
What are the key Fibonacci resistance levels for SHIB currently?
The Fibonacci resistance levels mentioned include $0.00000758, $0.00000817, and $0.000009. These are areas to watch as selling pressure may appear when the price rallies.
Why is the "sell on pullback" strategy preferred over buying?
Because SHIB 's market structure remains bearish on both the 1-day and 1-week timeframes, and the MACD Unconfirmed a reversal, the recent upward movement is XEM as a pullback within a downtrend. Therefore, selling at resistance levels is generally a more suitable risk management strategy.
Can SHIB rise to $0.00001?
It's possible that if BTC continues its strong rebound and triggers the " Short liquidation sucking" effect above, SHIB could be pulled up to the 0.00001 USD region. However, this is a less likely scenario as the longer-term trend remains bearish.
