Shiba Inu: Continued selling pressure drives move lower below key resistance

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Shiba Inu slides 1.55% today

Highlights

SHIB is trading at $0.0000070, below the MA-20, MA-50, and MA-200, indicating sustained selling pressure across all time frames.
Oversold RSI (34.6), CCI (-101.9), and low volatility suggest downside exhaustion, but momentum indicators like MACD and ADX point to continued bearish sentiment.
SHIB is expected to trade between $0.0000070 and $0.0000073 over the next five days, with less than 20% probability of a price increase and limited breakout catalysts.

Bearish momentum confirmed as technical indicators reinforce resistance

The nearest dynamic resistance is the Ichimoku Kijun at $0.00000793, while support from moving averages sits at progressively lower levels; there is no golden or death cross to signal a trend reversal. The daily MACD remains on a strong sell, with the ADX at 25.3 confirming that bearish directional movement is gaining traction. Continuous downside exhaustion is revealed by the oversold RSI (34.6) and CCI (-101.9) readings, while a neutral Stoch RSI and indifferent Awesome Oscillator signal lack of decisive momentum. The BBP remains negative, reflecting short-term seller dominance in a low-volatility session.

Sideways drift likely as upside faces resistance and bearish signals persist

Over the next five trading days, SHIB is likely to trade within a typical volatility band of $0.0000070 to $0.0000073, keeping price action tightly bound near current levels. There is less than a 20% probability of a meaningful upside move given persistent bearish signals across the weekly indicators and all major moving averages. The base case scenario is a sideways drift in this corridor, with stabilization possible if selling pauses further. A break above the Kijun resistance at $0.00000793 is required for any upside momentum, while further declines could emerge if current support is lost.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu stuck in a clearly bearish technical structure. He notes no positive signals from price, momentum, or volatility indicators. Short-term action is likely to remain range-bound unless resistance at $0.00000793 is broken decisively. "Until SHIB breaks above the Ichimoku Kijun, further upside is improbable and downside risks persist."

Previously it was reported that Shiba Inu is trading below all major moving averages with bearish momentum confirmed by weak RSI and negative MACD readings, as sellers dominate and volatility remains low. The asset stays rangebound near tight support levels with resistance near $0.00000801, limiting upside prospects and maintaining downside risk.

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.