Shiba Inu slips as technical signals show consolidation and persistent weekly bearishness

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Shiba Inu drops 1.04% to $0.0000086

Highlights

A single wallet withdrew approximately 1.92 trillion SHIB tokens worth just over $16 million from Coinbase Prime in the last two weeks.
This significant accumulation has triggered speculation about potential treasury-related activities or forthcoming initiatives involving Shibarium.
No official announcements have been made regarding the purpose of these large SHIB token withdrawals.

Large wallet accumulation drives speculation on treasury or Shibarium moves

A single wallet has withdrawn approximately 1.92 trillion SHIB tokens, valued at just over $16 million, from Coinbase Prime over the past two weeks. This significant on-chain accumulation has sparked speculation about potential treasury activity or new initiatives related to Shibarium, although no official announcements have been made.

Mixed momentum persists as consolidation limits breakout potential

Momentum indicators present a mixed outlook for SHIB. The daily MACD and ADX above 25 highlight some bullish momentum and directional strength, while the RSI and Commodity Channel Index indicate mild buying but not overbought conditions. The Stochastic RSI is neutral, and the Bull/Bear Power on the daily timeframe signals strong buyer dominance, whereas the Awesome Oscillator remains neutral. Technically, dynamic support sits near the Ichimoku Kijun at $0.00000849, with the MA-50 as the next resistance, and price action has remained in the middle of today’s range with low volatility, suggesting consolidation and short-term uncertainty.

Sideways trading likely as bearish weekly momentum remains dominant

For the next five trading days, SHIB is expected to trade within $0.00000770 – $0.00000880, consistent with the typical volatility band relative to current levels. There is less than a 20% probability of a price increase, as bearish momentum continues on the weekly charts with negative signals from the MACD, Moving Averages, and weekly RSI. The baseline scenario is continued sideways trading; a breakout above $0.0000087 could target higher resistance, while a loss of support below $0.00000849 would likely give sellers renewed control.

Anton Kharitonov, expert at Traders Union, sees short-term technical recovery in Shiba Inu but remains skeptical due to persistent long-term bearish signals. He notes that despite notable on-chain accumulation from a major wallet, momentum indicators offer only mixed support, and volatility is low. The analyst believes sideways trading is the most probable path, with resistance at $0.0000087 and support at $0.00000849 being key levels. "Base case remains rangebound — until $0.0000087 is broken, I stay neutral on SHIB."

Previously it was reported that Shiba Inu is trading above its short- and medium-term moving averages, though it remains below long-term resistance, indicating a short-term bullish bias within an overall bearish trend. Momentum indicators are mixed with mild bullishness and firm support near the Ichimoku Kijun, while resistance is set by the MA-50, and the prevailing outlook remains sideways with downside risk outweighing breakout potential.

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.