Shiba Inu weekly analysis: bearish momentum as whales increase distribution pressure

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Shiba Inu falls 2.99% this week

Highlights

Shiba Inu whale transaction activity surged 111% week-on-week, with over 82 trillion SHIB tokens accumulated on centralized exchanges, signaling strong distribution pressure from large holders.
SHIB holders endured over $350,000 in liquidations this week, while the token's burn rate fluctuated and the Shibarium ecosystem saw steady on-chain engagement.
A targeted wallet address spoofing scam emerged during the week, raising additional investor caution as key technical and fundamental pressures persisted in the SHIB market.

Whale activity spikes while distribution pressure and liquidations weigh on sentiment

Shiba Inu experienced a notable surge in whale transaction activity, with institutional-scale SHIB transfers rising by 111% week-on-week and over 82 trillion tokens accumulated on centralized exchanges, highlighting strong distribution pressure from large holders. On-chain activity and Shibarium ecosystem participation remained steady, while the token's burn rate fluctuated. SHIB holders also faced over $350,000 in liquidations, alongside a targeted wallet address spoofing scam.

Downtrend momentum persists as oscillators diverge and volatility stays moderate

On the weekly timeframe, SHIB trades below all major moving averages (MA-20, MA-50, and MA-200), with the Ichimoku Kijun level at $0.00001140 serving as a nearby resistance area. The MACD remains firmly in sell mode on W1, while the ADX indicator is neutral and points to a lack of conviction in the trend. RSI on the week is at 41.7, mildly oversold, while Stoch RSI is overbought, indicating a divergence and potential for further short-term volatility. The Bollinger Band Percentage (BBP) signals modest buy interest, but the price action reflects moderate volatility and a prevailing downward tone.

Range-bound outlook as downside risks persist barring support reversal

Over the next 5–7 trading days, SHIB is expected to consolidate in the $0.00000817 to $0.00000876 range, reflecting the current technical outlook. The probability of a significant price increase is low, below 20%, suggesting continued downside risks unless short-term support holds. A decisive break above $0.00000876 would target resistance closer to $0.00000900, while failure of support at $0.00000817 could open the way for a test of recent weekly lows.

Anton Kharitonov, expert at Traders Union, believes Shiba Inu remains under clear bearish pressure this week. The token closed the period down almost 3%, trading well below all major moving averages. Large holders increased distribution, as seen in the spike in whale transactions and accumulation of tokens on exchanges, further tipping sentiment to the downside. Technical indicators paint a mixed but weak picture: the MACD remains bearish, RSI is mildly oversold, while Stoch RSI hints at volatility ahead. The analyst expects the $0.00000817 to $0.00000876 range to define the coming week, with upside potential still quite limited. "Unless SHIB firmly breaks above $0.00000876, I expect the downward tone to persist and any rallies to be vulnerable to renewed selling."

Previously it was noted that Shiba Inu maintained bullish momentum above its short- and medium-term moving averages, though it remained constrained by long-term resistance and muted event catalysts. The article highlighted that technical signals suggested the token would likely see sideways consolidation within a tightening range, facing resistance near sideways consolidation within a tightening range and support levels nearby.

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

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