Shiba Inu weekly review: price down 3.08% — oversold readings and weak momentum align
Shiba Inu Coin (SHIB) is currently trading at $0.0000082, which is positioned below the weekly MA-20 ($0.00000985), MA-50 ($0.00001191), and MA-200 ($0.00001365), highlighting sustained bearish momentum across all major weekly moving averages. Over the past week, SHIB declined by 3.08%, closing the period near the weekly low of $0.00000825, with low volatility and a tight trading range.
Highlights
- Shiba Inu saw over 652 billion SHIB moved among exchanges and wallets within 24 hours, indicating significant large-holder rebalancing during the week.
- The SHIB burn rate surged by more than 38,000%, with millions of tokens removed from circulation and a continued year-to-date decline in exchange supply.
- Despite ongoing accumulation and deflationary activity, exchange netflows turned positive at times and spot netflows spiked over 1,100%, signaling short-term selling pressure from major holders.
Active large-holder flows offset by surging burn and accumulation trends
Shiba Inu has seen increased on-chain activity, with significant token flows including a 145.2 billion SHIB transfer to Robinhood and over 652 billion SHIB moved among exchanges and wallets within 24 hours, pointing to active large-holder rebalancing. The burn rate surged by more than 38,000%, removing millions of tokens from circulation, and a continued year-to-date decline in SHIB supply on exchanges reflects ongoing investor accumulation. Despite these deflationary and accumulation signals, exchange netflows have turned positive at times and spot netflows spiked by more than 1,100%, signaling periodic selling pressure from major holders.
Bearish technical setup persists as indicators confirm oversold momentum
Weekly technical indicators remain firmly bearish for SHIB, with the asset staying below all key W1 moving averages (MA-20, MA-50, and MA-200). The Kijun (Ichimoku) at $0.00001140 serves as the nearest dynamic resistance, while support is established near the recent weekly low of $0.00000825. Weak momentum is reinforced by a strong sell signal from the weekly MACD and a subdued ADX of 11.5, while the RSI and other oscillators (CCI, Stoch RSI) highlight persistent oversold conditions; sellers continue to dominate as confirmed further by BBP and the Awesome Oscillator.
Rangebound trade likely next week amid weak rebound prospects
For the next 5–7 trading days, SHIB is expected to consolidate in a range between $0.00000780 and $0.00000860, representing a realistic volatility band of roughly ±5% from the current price, with limited prospects for a rebound. A sustained move above $0.00000860 would be required to signal a short-term bullish reversal, while a break below $0.00000780 could open the way for further declines. The likelihood of sideways or downward price movement remains high, mirroring weak momentum and prevailing bearish technical signals on the weekly chart.
Last time we reported that Shiba Inu was trading above its short- and medium-term moving averages, with MACD and ADX signaling bullish momentum but longer-term resistance persisting. Despite rising spot net inflows and supportive indicators, the price action was expected to enter a period of range-bound consolidation between key technical thresholds, as noted in price action was expected to enter a period.
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