Shiba Inu slips amid continued bearish pressure as price trades below all major moving averages: weekly outlook

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Shiba Inu slips 5.01% this week

Highlights

SHIB trades well below key moving averages, indicating sustained medium- and long-term bearish pressure from sellers.
All major weekly momentum indicators reflect negative sentiment, with oversold conditions hinting at short-term exhaustion but no clear reversal signal.
Forecast expects SHIB to consolidate between $0.00000416 and $0.00000471 over the next week, with a low probability of a meaningful rebound.

Ecosystem expansion as Mercari listing follows regulatory gains this week

Japan's largest online marketplace, Mercari, has added Shiba Inu to its platform, enabling over 23 million users to purchase SHIB with proceeds or bonus points, supported by Coincheck's Crypto as a Service API. This follows SHIB's inclusion on Japan's JVCEA Green List, which signals improved regulatory standing, and comes as millions of Mercari crypto accounts gain direct access to the token. Secondary developments include Shibarium's surpassing 1.5 billion transactions and notable SHIB withdrawal activity from exchanges, reflecting expanding ecosystem utility and active demand.

Bearish technical momentum as indicators confirm selling exhaustion

Weekly technical signals for SHIB remain bearish, with the price below all major weekly moving averages and resistance first at the MA-20 ($0.00000582). Weekly support and resistance are set at $0.00000416 and $0.00000471, respectively. Indicators such as the MACD (strong sell), negative Awesome Oscillator, and dominantly bearish Bull/Bear Power confirm persistent seller control, while RSI, Commodity Channel Index, and Stochastic RSI all indicate oversold conditions, hinting at temporary exhaustion in selling pressure.

Limited rebound expected as consolidation persists amid weak signals

Over the next 7 days, SHIB is expected to consolidate between $0.00000416 and $0.00000471. The likelihood of a bullish breakout above $0.00000471 is minimal, as none of the four key weekly indicators signal a reversal. Consolidation near these levels is the most probable outcome, though a drop below $0.00000416 could result in further downside, consistent with the prevailing bearish momentum.

Earlier, analysts noted that Shiba Inu was experiencing persistent bearish pressure amid heightened volatility and negative momentum signals. The current outlook reinforces this cautious stance, with prolonged downside risks remaining in focus and traders advised to monitor for any breach below the key $0.00000416 support level, which could prompt further declines.

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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