Shiba Inu: Persistent selling pressure yields slight 2.34% gain

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Shiba Inu rises 2.34% today

Highlights

Approximately 100 billion Shiba Inu tokens moved off centralized exchanges in 24 hours, signaling a spike in significant on-chain activity.
Shiba Inu's self-reported market capitalization is $4.37 billion, supported by a daily trading volume of $189.98 million.
Total and circulating supply for Shiba Inu remain just over 589.5 trillion tokens, with the project driven by its Ethereum-based, community-focused structure.

Major token outflows and strong community support drive on-chain activity

Shiba Inu saw approximately 100 billion tokens move off centralized exchanges within a 24-hour period, signaling significant on-chain activity. The self-reported market capitalization stood at $4.37 billion, supported by $189.98 million in daily trading volume. The project continues to be driven by its community-focused, Ethereum-based structure, with its total and circulating supply both just over 589.5 trillion tokens.

Broad bearish indicators deepen as momentum weakens and signals diverge

From a technical perspective, momentum conditions for SHIB remain weak: both the daily MACD and ADX are bearish, indicating a lack of positive drive. RSI is below 40, nearing oversold territory, while the CCI is deeply negative. The Stoch RSI shows conflicting readings — flashing a strong buy signal on the daily chart but appearing oversold or overbought on intraday intervals, highlighting divergence and uncertain timing for a reversal. Sellers maintain intraday dominance as reflected by a negative BBP, and the Awesome Oscillator also prints negative values, further confirming the bearish trend.

Downside risk dominates as SHIB trades sideways in narrow range

Looking ahead, SHIB is expected to trade within a typical volatility band between $0.0000067 and $0.0000077 over the next week, which is about ±4% from current prices. The probability of a price increase remains very low (less than 20%), while a downside move is more likely. The baseline scenario is for SHIB to continue moving sideways within this band; however, a breakout above $0.00000825 could lead to a brief rally, while a break below $0.0000070 may accelerate losses toward the $0.0000067 area.

Viktoras Karapetjanc, analyst at Traders Union, sees recent large-scale SHIB withdrawals as a positive signal of growing conviction among holders. He notes, however, that technical momentum remains bearish and short-term price movements are likely to stay range-bound. Macro sentiment within the SHIB community remains constructive given continued engagement and steady on-chain activity. The analyst believes a breakout above $0.00000825 could spark a rally, though baseline expectations are for sideways action. "Buyers should watch for a resistance break as a signal — for now, patient accumulation within the support band makes sense."

Last time, analysts noted that Shiba Inu (SHIB) remains under strong bearish pressure, trading below all major moving averages with momentum indicators such as MACD, RSI, and CCI highlighting oversold conditions and ongoing downside risk. Key resistance is seen at the Ichimoku Kijun level, with immediate support just below the current price, and the asset is expected to consolidate sideways within a defined range unless a decisive 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.