Shiba Inu shows mixed momentum as RSI stays in sell territory: weekly analysis

Traders Union
All News
Crypto News
Shiba inu slips 0.32% this week

Highlights

SHIB trades below key trend averages, confirming persistent seller dominance over both medium and long-term timeframes.
Momentum indicators collectively signal continued weakness, with overbought oscillators diverging from lackluster price momentum.
SHIB is likely to remain rangebound between $0.00000555 and $0.00000645 this week, with elevated risk of further downside.

Network growth outpaces locked value, keeping sentiment subdued this week

Shiba Inu's blockchain network Shibarium surpassed 1.56 billion transactions, with over 269 million wallets now supported. However, total value locked remains modest at $179,000. The asset retains a market capitalization of roughly $3.8 billion, while further trends remain closely tied to Shibarium adoption.

Bearish bias intensifies with weak signals and elevated volatility over the week

On the weekly chart, SHIB remains below all key moving averages (MA-20, MA-50, MA-200), pointing to sustained bearish pressure. The MA-20 now stands as dynamic resistance. Momentum signals remain weak: MACD shows a strong sell, ADX is neutral, while weekly RSI stays in the sell zone. Stochastic RSI is overbought and CCI is neutral, demonstrating a mixed but mostly bearish environment. Bull/Bear Power slightly favors buyers, but price action is still under clear seller control. Weekly volatility is elevated at 7.73%. Primary support lies near $0.00000555, while immediate resistance is at $0.00000645 (near the MA-20).

Range-bound outlook as bearish momentum limits upside in the coming week

For the next 7 days, SHIB is expected to move within a range of $0.00000555 to $0.00000645, with sideways trading just below key resistance the most probable scenario. Given deeply bearish weekly momentum and a lack of buy signals across four key indicators, an upward move is very unlikely (below 20% probability). Any bullish rebound would require a break above $0.00000645, while a push below $0.00000555 could open further downside if negative sentiment continues. Look for continued choppy behavior with sellers retaining control unless a material shift in momentum occurs.

Previously it was reported that Shiba Inu was locked in a period of sustained bearish sentiment with little indication of a decisive breakout. Fresh declines and persistently weak momentum confirm the ongoing downside bias, making the $0.00000555 support a critical level to monitor for any deeper retracement in the days ahead.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.