Shiba Inu price prediction: Can SHIB hold support amid negative sentiment?

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Shiba Inu drops 4.28% to $0.0000072

Highlights

Approximately 459 billion SHIB tokens have been withdrawn from centralized exchanges in the past week, reducing available exchange supply significantly.
Shiba Inu's burn rate has dropped nearly 90% over the last 24 hours, likely decreasing the token’s deflationary pressure in the short term.
The ongoing Shibarium layer-2 network project is adding utility to SHIB, but its long-term value impact remains uncertain.

Supply withdrawal outpaces burn rate decline amid Shibarium developments

Shiba Inu has experienced a significant withdrawal of about 459 billion SHIB from centralized exchanges over the past week, pointing to a notable reduction in available exchange supply. In parallel, the token's burn rate has sharply declined, dropping nearly 90% in the last 24 hours, which may dampen deflationary effects. The ongoing Shibarium layer-2 network project continues to add utility, though questions remain about its impact on long-term value.

Bearish momentum holds near support as resistance caps price action

Technically, the closest dynamic resistance is the Ichimoku Kijun level at $0.00000801, while immediate support lies near today’s low at $0.0000071. Momentum indicators remain negative — daily MACD signals a strong sell, ADX reflects persistent bearish pressure, and oscillators such as RSI (38.7) and CCI (−49) are near oversold territory. BBP currently suggests modest buyer presence, but sellers maintain control on most intraday timeframes, and the Awesome Oscillator does not confirm any specific trend; overall, selling pressure dominates with prices hovering close to session lows in a narrow, low-volatility range.

Sideways movement likely as breakout odds remain limited

In the short term, SHIB is likely to fluctuate within a typical volatility band between $0.0000071 and $0.0000076. The probability of an upward move is low (less than 20%), so any rally is considered unlikely under current conditions. The baseline scenario is for continued sideways movement; a sharp upside would require clearing the $0.00000801 resistance, while a drop below $0.0000071 may trigger further losses.

Anton Kharitonov, analyst at Traders Union, sees persistent bearish sentiment and technical weakness in Shiba Inu. He notes that the failed burn rate and ongoing exchange outflows have not translated into price stability. Resistance at $0.00000801 caps any short-term recovery, while support at $0.0000071 is fragile. "Base case remains sideways or lower — I see little reason to expect a sustained rebound while prices stay below $0.00000801."

Previously it was reported that Shiba Inu (SHIB) continues to face broad bearish pressure, remaining below key moving averages with muted momentum as indicated by a weak RSI, strong sell signal on the MACD, and modest trend strength on the ADX. The price is expected to see limited volatility and trade sideways, with technical resistance near $0.0000082 and support around recent lows, suggesting a low probability of breakout in either direction.

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.