Shiba Inu trades flat as technical indicators highlight persistent selling pressure

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Shiba Inu slips 0.54% as pressure grows

Highlights

SHIB is trading at $0.0000074, below the MA-20 ($0.00000817), MA-50 ($0.00000866), and MA-200 ($0.00001139), signaling persistent selling pressure across all timeframes.
Momentum and oscillator readings including MACD, RSI (37.95), and CCI (-129.2) confirm continued weakness and oversold conditions, while the ADX at 20 indicates only a mildly trending market.
Expected five-day range for SHIB is $0.0000068 to $0.0000078 with a less than 20% probability of a price increase, making further declines the likely scenario.

Oversold signals mount as momentum and volatility stay muted

Momentum readings remain weak, with the MACD signaling a continued sell bias and the ADX at a modest 20, pointing to a mildly trending market. Both RSI (37.95) and CCI (-129.2) point to oversold conditions, while Stoch RSI is neutral and BBP confirms seller dominance in intraday action. The Awesome Oscillator supports the downward trend, and today’s action shows no gap between the previous close and today’s open, with price pinned at the day’s high and low, reflecting very low volatility and clear pressure after the open. Overall, weak momentum and bearish oscillators reinforce the subdued intraday tone.

Downside risk prevails as narrow range and negative momentum persist

For the next five trading days, the expected range for SHIB is $0.0000068 to $0.0000078. The probability of a price increase is very low (less than 20%), making further declines more likely. Baseline scenario: price consolidates within the tight range mentioned. Bullish scenario: SHIB breaks above $0.0000082 resistance, potentially triggering a squeeze toward the MA-20. Bearish scenario: a drop below $0.0000068 opens room for new lows, as both momentum and trend indicators remain negative.

Anton Kharitonov, expert at Traders Union, notes that Shiba Inu is stuck below all major moving averages, which confirms a persistent bearish trend. He sees weak momentum and bearish technical signals as further evidence of seller dominance. Kharitonov remains cautious about any upward moves as long as SHIB trades beneath $0.0000082. "Unless buyers reclaim higher ground, I view further downside as the base case here."

Previously it was reported that Shiba Inu (SHIB) is trading below major moving averages with indicators such as MACD, RSI, and CCI signaling sustained bearish momentum and potential oversold conditions. The asset is consolidating in a narrow range under intraday resistance at the Ichimoku Kijun level, with downside risk prevailing unless a breakout 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.