SHIB consolidates near $0.000006 with MACD showing persistent bearish momentum: weekly forecast

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Shiba inu rises 1.97% this week

Highlights

SHIB remains under prolonged bearish pressure, trading below key moving averages with sellers dominating the medium- and long-term trends.
Indicator signals reflect market indecision, with weak directional strength and mixed oscillator readings despite a slight 1.97% weekly gain.
SHIB is expected to remain range-bound between $0.00000606 and $0.00000629 next week, with less than 20% probability of a sustained upside breakout.

Bearish and neutral signals reinforce directionless momentum this week

On the weekly chart, the MACD highlights persistent bearish momentum, and the Average Directional Index signals a neutral trend with weak directional strength. The Relative Strength Index issues a sell signal, while the Stochastic RSI is overbought and the Commodity Channel Index is neutral, leading to conflicted oscillator readings. Bull/Bear Power remains supportive of buyers, but the Awesome Oscillator does not provide clear confirmation, and last week's 9.33% volatility ended with prices near weekly lows — all elements underscoring a directionless, range-bound market.

Narrow range expected amid low bullish breakout probability next week

Looking ahead to the next 7 days, SHIB is likely to remain in a narrow trading corridor between $0.00000606 and $0.00000629. Based on weekly indicators and the absence of reversal momentum, there is less than a 20% probability of a bullish breakout. If the price pushes above $0.00000629, resistance at the MA-20 could be tested, while failure to hold $0.00000606 may lead to a decline toward lower yearly support levels.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu (SHIB) locked in a weak, directionless range over the past week. Technical signals stayed bearish, with price remaining well under key moving averages and momentum indicators showing no clear reversal. Oscillators sent mixed messages, keeping the outlook neutral at best. Volatility was present, but price action ended near weekly lows and failed to deliver recovery. Kharitonov maintains a cautious bias going into next week, with a narrow corridor likely to hold unless decisive buying emerges. "Until SHIB breaks above $0.00000629, I see no case for upside — staying defensive as long as pressure from sellers dominates."

Previously it was reported that Shiba Inu remained under sustained bearish pressure, with key technical indicators highlighting a cautious and range-bound trading environment. The latest analysis reaffirms this outlook, emphasizing that traders should closely monitor the $0.00000606 support and $0.00000629 resistance as SHIB continues to consolidate amid low breakout probabilities.

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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