Shiba Inu (SHIB) Price Alert: Bulls Lose Control as Popular Indicator Signals 14% Drop

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Shiba Inu (SHIB) just erased its bullish road map overnight. SHIB had been flirting with a breakout for most of January, but yesterday, the meme coin lost its support and closed decisively below the 20-day moving average. That is the kind of threshold that has been crucial to the whole bullish thesis, as evident by the TradingView chart. Advertisement With that level out of the picture, the setup has gone from a potential continuation to a likely correction. SHIB/USD by TradingView The Bollinger Band midline is at the heart of the action. The Shiba Inu coin had been orbiting that support zone since its $0.00000965 peak on Jan. 4, which came right after a golden cross between the 23- and 50-day moving averages. But instead of going up, the price stopped moving. HOT Stories Morning Crypto Report: $1.5 Billion in XRP Cut From Circulation, Shiba Inu (SHIB) Sees Brutal 86.14% Collapse in Major Metric, TRON Founder Reveals He Would Pay Elon Musk $30 Million Elizabeth Warren Warns Americans Could 'Lose Big' With Crypto U.Today Crypto Market Review: Fake Bitcoin (BTC) Breakthrough; Shiba Inu (SHIB): Third Time's a Charm; XRP: 3 Price Waves U.Today Crypto Digest: Shiba Inu (SHIB) Has Chance for Recovery, Dogecoin (DOGE) Price Eyes 22% Rebound, XRP Bull Run Imminent, According to Bollinger Bands SHIB is currently trading at $0.00000839 with the prime target, which is the lower band, at $0.00000718. That is a 14.36% gap, and usually this kind of pattern closes it unless there is a quick recovery, which there has been no sign of so far. Advertisement Bull case is not dead for SHIB What looked like a classic bullish setup now looks like a failed breakout morphing into a mechanical reversion. The 20-day average has gone from being a floor to being a ceiling. If SHIB does not get back on track within the next two days, it might start drifting downward to $0.00000718. You Might Also Like Sat, 01/17/2026 - 16:05 1,235,294,117,647 SHIB Futures Outflow in 24 Hours, What's Going On? By Tomiwabold Olajide Advertisement The bull case is not dead, but it has been pushed back. Instead of chasing upside extensions, SHIB now has to fight for survival inside its own volatility range. The lower bound is the main focus right now, and unless something changes quickly, that is where the chart is pointing. #Shiba Inu (SHIB) News #Shiba Inu (SHIB) Price Prediction #Shiba Inu