-1.52% for Shiba Inu — technicals turn mixed as volatility stays low
Shiba Inu (SHIB) is currently trading at $0.0000084, positioned above its 20-day ($0.00000824) and 50-day ($0.00000811) Moving Averages but well below its 200-day ($0.00001087), which suggests short- and medium-term support yet persistent long-term bearish pressure. The closest dynamic support is at the Ichimoku Kijun level of $0.00000849, now acting as immediate resistance given the price is just below this threshold.
Highlights
- Major exchanges including Binance and Coinbase received net deposits of 52 billion SHIB tokens, signaling increased profit-taking from large holders and traders.
- The supply of Shiba Inu tokens available for sale has grown, reflecting a notable shift in market positioning amid active trading flows.
- Shiba Inu maintains a strong position in the Ethereum meme coin sector, with market capitalization approaching $5.13 billion.
Large exchange inflows signal profit-taking and supply increase
Significant netflows of 52 billion SHIB tokens were deposited onto major exchanges including Binance and Coinbase, indicating increased profit-taking among large holders and traders. This activity has expanded the supply of tokens available for sale and highlights a shift in market positioning. Shiba Inu continues to hold a strong place in the meme coin sector on Ethereum, with a market capitalization nearing $5.13 billion.
Bullish technicals clash with range-bound price and weak intraday action
Momentum signals are divided: the Daily MACD projects a strong buy while the ADX shows a moderate bullish trend, yet several oscillators offer mixed cues. The RSI hovers in neutral territory with a slight bullish bias, while the Stochastic RSI highlights oversold conditions and the Commodity Channel Index remains neutral. Bull/Bear Power currently indicates buyer dominance on the daily view, but intraday signals are not unified. No gap appeared at the open, with today’s price holding at the lower end of the $0.0000083 – $0.0000085 range after slipping 1.52%, marking low intraday volatility and displaying pressure after the open; this is at odds with some bullish momentum signals.
Downside favored as weekly signals stay bearish and volatility narrows
For the coming week, the expected price range for SHIB is $0.00000756 – $0.00000856, forming a typical volatility band relative to current levels. The probability of a price increase is very low (less than 20%), making further decline more likely given all key weekly indicators — RSI, MACD, and all main Moving Averages — remain aligned to the downside. Baseline scenario: SHIB trades sideways around current levels, finding stability between support and resistance. A push above $0.00000849 could open the way for a test of the $0.00000856 area, while a break below $0.00000824 could see price drift toward $0.00000756 – $0.00000780.
Previously it was reported that Shiba Inu is trading above its short- and medium-term moving averages, with MACD and ADX indicating emerging bullish momentum, though the asset remains constrained by longer-term resistance levels. Despite rising spot net inflows and supportive momentum indicators, price action is showing intraday weakness near key technical thresholds, suggesting a likely period of range-bound consolidation between support at $0.00000765 and resistance at $0.00000885.
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