Shiba Inu: bearish momentum and resistance lead to continued price weakness

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Shiba Inu slips 2.29% today

Highlights

Nearly 100 billion Shiba Inu tokens were withdrawn from centralized exchanges in 24 hours, indicating increased holder confidence and reduced near-term selling pressure.
The significant outflow of tokens from exchanges suggests a divergence between on-chain activity and current investor sentiment regarding Shiba Inu.
No other company or regulatory events related to Shiba Inu were reported in recent news, implying price action is driven predominantly by on-chain movements.

Large token withdrawals signal holder confidence despite weak price action

Shiba Inu saw nearly 100 billion tokens withdrawn from centralized exchanges within a 24-hour window, signaling increased holder confidence and potentially reduced near-term selling pressure. This notable outflow suggests a divergence between on-chain activity and the current direction of investor sentiment. No other company or regulatory events related to Shiba Inu were reported in recent news.

Oversold signals and resistance cap upside amid bearish momentum

From a technical perspective, SHIB faces key resistance at the Ichimoku Kijun level of $0.00000826, while immediate support is clustered just below current prices. Momentum indicators remain weak, with the MACD in sell mode and the ADX showing a low trend strength at 19.6. Oscillators reinforce the oversold picture — RSI sits at 29.4, CCI at -251.3, and the Stoch RSI is deeply oversold — yet BBP is negative, and the Awesome Oscillator confirms ongoing downside pressure, all pointing to prevailing bearish sentiment.

Sideways outlook as volatility persists and bullish catalysts lack

Over the next five trading days, SHIB is expected to fluctuate within a typical volatility band between $0.0000066 and $0.0000078. Technicals show a low probability (under 20%) of an immediate upward move, with daily and weekly signals biased toward continued weakness. The baseline scenario involves sideways consolidation in the defined range; a bullish shift would require a close above $0.00000826, while a drop below $0.0000066 could trigger further losses.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu in a technically vulnerable state as all major moving averages weigh on the price. He notes that recent token outflows from exchanges reflect some growing holder confidence but are not enough to shift bearish momentum. Momentum and oscillators remain negative, pointing to a low chance of an imminent upside reversal. "My base case is for SHIB to consolidate between $0.0000066 and $0.0000078 — unless bulls reclaim $0.00000826, sellers remain in control."

Previously it was reported that Shiba Inu (SHIB) continues to trade below all major moving averages, with technical indicators such as MACD, RSI, and CCI reinforcing a bearish outlook and oversold conditions. Key resistance remains at the Ichimoku Kijun and MA-20 levels, while price action is expected to remain range-bound with limited upside potential unless a break above resistance occurs.

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.