Shiba Inu price prediction – Traders, watch out for these ‘imbalances!’

Shiba Inu [SHIB] has been facing significant bearish pressure lately. According to an AMBCrypto report, whales and large holders have continued to offload SHIB too. In fact, Shiba Inu lost 11.49% of its value over the past week. This coincided with the memecoin sector falling by 13.5%.Bitcoin [BTC] saw a sizeable bounce on Friday, 06 February. This 19% relief rally took Shiba Inu up by 22.46% on Friday. And yet, the longer-term trend remained bearish at press time.Shiba Inu bounce could continue higherSource: SHIB/USDT on TradingViewOn the 1-day timeframe, the structure and momentum remained firmly bearish. SHIBmade a new swing low, and the bounce in recent hours of trading could be the start of a pullback.The MACD did not record a bullish crossover and appeared to be deep within bearish territory, showing the extent of the recent downside.Using the most recent swing move lower, a set of Fibonacci retracement levels was plotted. They showed that $0.00000758, $0.00000817, and $0.000009 were the resistances to watch out for. The first two levels also had an imbalance on the daily timeframe that could act as a supply zone in the event of a bounce.Given the wider market sentiment and whale offloading, traders can use a bounce to these retracement levels to sell.Arguing the bullish caseBitcoin fell by 38% in 22 days, measured from 15 January to the depths of the most recent drop. It could bounce even higher than $71k, its press time price. The short liquidations overhead could be a magnet for the price, for both BTC and SHIB.This could take Shiba Inu all the way up to the daily chart’s swing high at $0.00001. However, this would be an unlikely scenario.Traders’ call to action – Sell the bounceThe weekly Shiba Inu chart revealed a bearish structure since June 2025. The 1-day timeframe was bearish too. Therefore, traders can use a price bounce to the retracement levels and imbalances outlined overhead to sell the memecoin.Final ThoughtsShiba Inu’s price action is likely to mirror Bitcoin’s in the coming days, since BTC dictates market sentiment.A price bounce to higher levels is possible later in February, but the bearish trend is likely to resume thereafter.Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.