Shiba Inu price prediction: further upside ahead? SHIB gains 8.9% but faces key resistance

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Shiba Inu surges 8.90% today

Highlights

SHIB gained 8.9% from the previous close, currently trading between 0.0000084 and 0.0000088, with daily volatility elevated after a moderate upside gap.
Technical signals remain bearish long term, as SHIB trades below the MA-50 (0.00000937) and MA-200 (0.00001192), with persistent weak momentum confirmed by weekly MACD, ADX, and RSI.
Near-term price range is expected between 0.00000800 and 0.00000880 for the next five trading days, with probability of further declines over 80% and less than 20% chance of upside.

Mixed technical momentum as resistance weighs on price action

The nearest dynamic resistance is the MA-50 at 0.00000937, with the Ichimoku Kijun near 0.00000894 acting as an additional level, while dynamic support is found at the MA-20. Momentum signals are mixed on the daily chart, with MACD and Awesome Oscillator indicating persistent bearish momentum. ADX signals a sell bias but is edging toward moderate trend strength. RSI is below 50 but not oversold, Stochastic RSI is overbought, CCI is neutral, and BBP shows a slight buyer advantage for intraday sessions, countered by weak overall trend signals.

Downside risk prevails as momentum favors continued weakness

For the next 5 trading days, the expected price range is 0.00000800–0.00000880, staying within a typical volatility band relative to current levels. The probability of a price increase is very low (less than 20%), with further declines considered more likely as momentum and trend signals point to continued longer-term weakness. The baseline scenario is sideways trading between dynamic support and resistance. A bullish move would require a break above 0.00000894–0.00000937, while a loss of the 0.00000800 level could trigger a drop toward 0.00000768 or lower.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu struggling to sustain upward movement within a longer-term bearish trend. The technical outlook points to low probability of a sustained price increase, with momentum and trend signals staying weak. Key dynamic resistance remains unbroken and the risk of further decline persists. "Base case is continued sideways action; unless 0.00000894–0.00000937 is breached, I remain defensive on SHIB."

Previously it was reported that Shiba Inu (SHIB) continues to trade below its short-, medium-, and long-term moving averages, with technical indicators such as MACD, ADX, and RSI signaling sustained bearish momentum and subdued price action. Dynamic resistance at the Ichimoku Kijun level is keeping prices capped, while the token remains subdued near the low of a tight daily range, implying further downside or sideways movement is likely.

Source of Data: SHIB Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.