-4.74% for Shiba Inu — ongoing sell pressure, no bullish news on horizon

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Shiba Inu slides 4.74% today

Highlights

Shima Capital, a crypto venture firm and former Shiba Inu investor, plans to wind down operations after a US SEC lawsuit, according to leaked internal emails.
Shiba Inu could be indirectly affected by Shima Capital's closure, as it was held in the firm's portfolio, though no specific asset impact was cited.
No new information has emerged regarding Shiba Inu's upcoming initiatives or direct regulatory actions related to the asset.

Portfolio risk elevated as Shima Capital exits under regulatory strain

Screenshots of an internal email indicate Shima Capital, a crypto venture capital firm and former investor in Shiba Inu, plans to wind down operations following a lawsuit by the US Securities and Exchange Commission. Shiba Inu may be indirectly affected, as it was among the assets in Shima Capital's portfolio. No direct news regarding Shiba Inu's upcoming initiatives or specific regulatory actions has emerged.

Oversold signals persist as indicators reinforce bearish dominance

Momentum indicators on the daily and weekly charts point toward continued weakness, with MACD signaling a bearish outlook and ADX showing weak trend strength. Both RSI and CCI signal oversold conditions (RSI at 34.37; CCI at –192.64), confirmed by an oversold reading from Stoch RSI, but BBP remains negative, highlighting seller dominance in intraday action. The Awesome Oscillator is also aligned with the bearish trend. SHIB opened with a slight gap down from the previous close and now trades at the lower end of today’s tight range near $0.0000074, reflecting low volatility and steady pressure after the open, consistent with the broader momentum signals.

Limited upside risk as range constrains next-week price action

For the next five trading days, SHIB is expected to trade between $0.0000067 and $0.0000077, keeping the price within about ±4% of the current level. Probability of an upward move remains very low (less than 20%), making a downward drift more likely. In the baseline scenario, price action remains range-bound as oversold signals limit immediate downside, but a break above $0.0000085 (Kijun and MA-20 resistance) could trigger a short-term bullish rebound, while a close below $0.0000067 would suggest a renewed bearish extension.

Anton Kharitonov, expert at Traders Union, sees clear signs of sustained bearish control on Shiba Inu. He believes the technical setup remains weak, with indicators and resistance levels aligning against a rebound. The latest news around Shima Capital’s closure adds a layer of caution, despite oversold market conditions. "Until SHIB can reclaim at least $0.0000085, I see no reason to expect meaningful upside — defensive stance remains warranted."

Previously it was reported that Shiba Inu (SHIB) remains under sustained downside pressure, with price action decisively below its short-, medium-, and long-term moving averages and technical momentum indicators such as RSI and MACD signaling persistent bearish sentiment despite oversold conditions. Resistance remains near the Ichimoku Kijun level, and unless SHIB can break above this threshold, the base case calls for further consolidation or potential decline within a narrow trading range.

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.