Price Analysis

Shiba Inu Price: Top 5 Reasons to Sell SHIB Now

Discover the top 5 reasons why you should consider selling Shiba Inu today as SHIB price faces bearish pressure.
Published by
Shiba Inu Price: Top 5 Reasons to Sell SHIB Now

Highlights

  • Traders should consider selling Shiba Inu as bearish signals weigh on the price.
  • The daily and weekly charts show a death cross and a double top pattern that may fuel a drop to $0.00000630.
  • The declining open interest, bearish market sentiment and weak demand for older meme coins like SHIB also make it a right time to sell.

Shiba Inu (SHIB) price is down by 83% from its all-time highs, with the downtrend mirroring a pullback across the broader cryptocurrency market. Due to this decline, 58% of all SHIB holders are now in losses per IntoTheBlock. As losses intensify and profits shrink, is now the right time to sell Shiba Inu? Let us discuss the top 5 reasons why SHIB holders should sell their holdings. 

Advertisement

Top 5 Reasons to Sell Shiba Inu Now as Price Crashes 

Shiba Inu price trades at $0.00001471 today with a 4% gain in 24 hours. Despite these gains, SHIB still faces further downside risk. Here’s why.  

SHIB Falls Below Critical Support as Double-Top Emerges 

Shiba Inu price has fallen below a critical support level of $0.0000148, signaling bearish momentum. This drop also shows weak market confidence as buyers who were previously defending this support level exit their positions. 

At the same time, the meme coin has formed a double-top pattern, which often precedes a steep downtrend. If SHIB breaches the neckline of this pattern, it may accelerate the downtrend, causing the meme coin to plunge to $0.00000630. 

SHIB/USDT: 1-day Chart

Shiba Inu Price Forms a Death Cross 

Shiba Inu has also formed a death cross on its daily chart, with the 50-day Simple Moving Average (SMA) falling below the 200-day SMA. This bearish indicator shows sellers that it is time to exit their positions as the price may be on the verge of a major downtrend. 

The falling on-balance volume (OBV) metric reinforces this bearish Shiba Inu price prediction as it shows fewer buyers are supporting SHIB price. If there is no shift in momentum and more capital continues to flow out of the asset, it increases the risk of further downside. 

SHIB/USDT: 1-day Chart

SHIB Open Interest Drops 70% 

Shiba Inu’s open interest has also dropped by a staggering 70% in less than six weeks per Coinglass data. During this time, SHIB’s OI has declined from $541M to only $156M, suggesting traders are actively closing their positions. 

Shiba Inu Open Interest

The decline in open interest as Shiba Inu price also falls indicates that long traders are closing their positions. This shows a bearish sentiment and weak conviction in a price recovery. 

Weak Market Sentiment

The crypto market fear and greed index has dropped to 10, its lowest level since 2022. This value shows traders are in a state of extreme fear, which may precede a bearish trend. As traders become fearful, demand for meme coins such as Shiba Inu also drops. 

Moreover, during bear markets, crypto traders tend to abandon more speculative coins such as SHIB for high market-cap coins like Bitcoin and Ethereum. This capital rotation may not bode well for SHIB price, making it more prudent to sell now. 

Demand for New Meme Coins Might Impact Shiba Inu Price 

Solana meme coin launchpad PumpFun is making waves across the crypto market. New meme coins launched on PumpFun have seen parabolic gains, and traders have often rushed to these coins to book profits. This has led to liquidity being drained from older meme coins like Dogecoin and Shiba Inu. 

With PumpFun’s launch of AMM liquidity pools, the meme coin frenzy on the launchpad may likely continue. This could weigh on Shiba Inu price, causing a prolonged downtrend. 

Advertisement

Conclusion 

The cryptocurrency market is facing bearish pressure and Shiba Inu has not been spared from the downturn. Shiba Inu price has dipped by 83% from its all-time highs. As market sentiment weakens and SHIB portrays a bearish technical outlook, traders might consider selling to mitigate losses. 

Advertisement

Frequently Asked Questions

Why should I sell Shiba Inu now?

Shiba Inu is facing a bearish technical outlook including a double top pattern and a death cross. Reduced open interest and weak demand for meme coins also makes it the right time to sell.

Can Shiba Inu price recover?

Shiba Inu's death cross and weak buying momentum suggests there is still risk for further downside and the price may not recover in the near-term unless the market sentiment shifts.

How low can SHIB price drop?

Shiba Inu price can drop to $0.00000630 if it breaches the neckline of the double top pattern.
Share
muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?

Bitcoin price continues to trade within a defined consolidation range as the broader crypto market…

October 8, 2025
  • Price Analysis

Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B

Solana price pulled back today, Oct. 8, mirroring the performance of the broader crypto market,…

October 8, 2025
  • Price Analysis

XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip

The XRP price continues to draw attention as market analyst, Ali Charts, warns of a…

October 8, 2025
  • Price Analysis

Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?

The BNB Coin price continues to extend its upward trajectory, reflecting consistent market strength and…

October 8, 2025
  • Price Analysis

ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?

The ASTER price has slipped by 2.37% over the past 24 hours, while the HYPE…

October 7, 2025
  • Price Analysis

Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone

Ethereum price could be on the verge of a strong bullish breakout in the coming…

October 7, 2025