SHIB trades near upper recent range with RSI remaining bearish: weekly report

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Shiba Inu gains 5.75% this week

Highlights

SHIB continues to trade below major moving averages, indicating ongoing medium- and long-term bearish pressure.
Technical indicators remain broadly negative, with weak momentum, bearish oscillators, and sellers maintaining control of the weekly trend.
SHIB is expected to consolidate in a narrow $0.00000604–$0.00000624 range over the next week, with a higher probability of downside.

Large holder accumulation as Shibarium focus sustains community sentiment

On-chain data revealed that between April 1 and April 11, large holders accumulated $12.16 million of Shiba Inu tokens, highlighting ongoing interest from major investors. The Shibarium Layer 2 network, launched in 2023 to lower transaction costs, remains a core focus for ecosystem development, though recent adoption has not translated into significant advances. Shiba Inu's community retains high engagement as supply dynamics and the history of price movements continue to capture investor attention.

Bearish momentum persists as technical signals show weak trend control

On the weekly chart, SHIB continues to trade below all major moving averages (MA-20, MA-50, MA-200), with additional resistance from the Ichimoku Kijun level stationed well above current price action. The MACD is in strong sell territory, while the ADX is weak and neutral, indicating the absence of a robust trend. Both the RSI and the CCI remain in bearish zones, suggesting ongoing downward pressure, though the Stochastic RSI points to short-term overbought conditions. Bull/Bear Power is negative, confirming sellers' dominance for the week.

Sideways bias expected as breakout risks remain limited next week

Looking into the next 7 days, SHIB is likely to consolidate in a narrow band between $0.00000604 and $0.00000624, with a low probability of significant price upside based on current weekly indicators. A breakout above the upper boundary could trigger a bullish move, while a drop below support may invite further weakness. The most probable scenario is sideways or slightly lower trading, as none of the key weekly technical signals currently point to a sustained recovery.

Previously it was reported that Shiba Inu remained under sustained bearish pressure, with momentum and technical signals indicating a cautious trading environment. The current analysis reinforces this view as key weekly indicators continue to reflect downside risk, making a decisive move above major resistance levels crucial for any potential short-term reversal.

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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