+2.79% for Shiba Inu — overbought Stoch RSI meets lingering bearish signals

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Shiba Inu rises 2.79% to $0.0000074

Highlights

K9 Finance reported insufficient communication from the Shiba Inu team regarding efforts to recover funds stolen in the September Shibarium exploit, raising investor concerns.
Shiba Inu's circulating supply exceeds 589 trillion tokens, which continues to significantly hinder the potential for meaningful price appreciation.
Market participants are closely watching ongoing regulatory developments and the potential impact of upcoming technical upgrades on Shiba Inu's future performance.

Market weighs exploit fallout and supply challenges amid regulatory watch

Recent developments around Shiba Inu include increased scrutiny following the September Shibarium exploit, after which K9 Finance cited a lack of communication from the project team in efforts to recover stolen funds. The large circulating supply, with more than 589 trillion tokens, continues to pose challenges for price appreciation. The market is also monitoring regulatory developments and potential technical upgrades for their future impact.

Bearish control signals as resistance holds and indicators weaken

Technically, SHIB faces resistance at the Kijun level ($0.00000824) and support between the MA-5 and HMA in the $0.00000713–$0.00000717 area. The D1 MACD reflects strong selling pressure, while the ADX points to a moderately strong trend. Daily RSI is weak at 41, Stoch RSI is overbought, and CCI remains negative, suggesting sellers still have control. The BBP favors sellers on the daily chart, though intraday readings are mixed, and the Awesome Oscillator is neutral, which does not clearly confirm a trend direction.

Limited breakout odds as consolidation and downside risks dominate

In the next 5 trading days, SHIB is expected to oscillate between $0.00000729 and $0.00000757, reflecting a typical volatility band relative to current levels. The likelihood of a breakout to the upside is low, with less than a 20% chance, as prevailing signals on the weekly chart continue to favor a bearish bias. Sideways consolidation in this corridor is the base case. A breach above $0.00000824 could trigger some buying, while a breakdown below $0.00000713 would signal increased downside risk.

Anton Kharitonov, analyst at Traders Union, sees Shiba Inu in a persistent bearish structure. He notes continued selling pressure on technical indicators, combined with weak sentiment following the Shibarium incident and large token supply concerns. The price is likely to remain capped below resistance, with only a narrow trading band expected in the coming days. "Base case remains sideways to lower as long as SHIB trades under $0.00000824 — I remain cautious given the lack of sustained buying signals."

Last time, analysts noted that Shiba Inu (SHIB) continues to face persistent bearish pressure, trading below key moving averages (MA-20, MA-50, MA-200) and dynamic resistance at the Ichimoku Kijun amid subdued momentum indicators such as MACD, ADX, and an RSI near oversold. Sellers are expected to retain control over the near term, with further declines likely unless resistance is reclaimed, and downside risks increasing if current support fails to hold.

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.