Shiba Inu (SHIB) is sliding again, and this time the drop has been fast. Over the past 48 hours the token has lost ground rapidly, with the bearish trend that had been building now regaining momentum. But the 1-day chart still tells a different story — technical indicators there remain bullish.
A Sharp Two-Day Drop
The recent decline has not been gradual. SHIB's price has fallen quickly in the last two days, reversing much of the gains it had posted earlier. Traders watching the charts see a token that is struggling to hold its footing, with selling pressure picking up as the session goes on.
What makes this move notable is the speed. A slide of this pace often signals a shift in sentiment, at least in the short term. And right now, the momentum is clearly to the downside.
Bearish Momentum Returns
After a period where the bears had backed off, they're back in control. The trend that had been fading has now reasserted itself, and the price action reflects that. Lower highs and lower lows are showing up again on the intraday charts, and the overall tone has turned cautious.
For those who track the ebb and flow of crypto markets, this is a familiar pattern — a quick flush that tests recent support levels. Whether that support holds is another matter.
The 1-Day Chart Still Says Bullish
Here's the twist. Even as the price drops, the technical indicators on the 1-day timeframe haven't flipped bearish. They remain bullish, which suggests that the longer-term outlook hasn't deteriorated — at least not yet.
That creates a mixed signal. The short-term action is clearly negative, but the daily chart is still pointing upward. For traders, this kind of divergence can be frustrating. It means the next move isn't obvious, and that the current slide could be either a dip within a larger uptrend or the start of something worse.
The fact that the bullish indicator has held through a 48-hour plunge is worth noting. It doesn't guarantee the price will recover, but it does mean the technical backdrop hasn't fully turned.
Whether that bullish signal survives a continued drop is the open question for SHIB traders. If the price keeps falling, the 1-day indicators will eventually catch up. Until then, the market is stuck between a fast-moving selloff and a slower-moving bullish read.
