SHIB holds steady amid oversold signals on major momentum indicators: weekly report

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Shiba Inu rises 3.16% this week

Highlights

SHIB remains in a pronounced downtrend, trading well below key moving averages and confirming sustained bearish sentiment.
Momentum and trend indicators collectively signal strong selling pressure, with oversold conditions and no indicators suggesting a near-term rebound.
For the coming week, expect range-bound trading between $0.00000449 and $0.00000531, with rising probability of a break to new lows if support fails.

Return of profit-taking and golden cross drive weekly sentiment shift

More than 25 billion SHIB tokens were recently transferred back to exchanges, highlighting an uptick in selling activity from traders who took profits after a rally. SHIB futures volume surged by 60% in a single day on the back of speculative trading, while the number of SHIB holders now nears 1.6 million. The appearance of a 'golden cross' on the token’s price chart also attracted some market attention.

Sustained bearish momentum as major indicators and averages align

Weekly technical analysis reflects entrenched bearish momentum for SHIB. The price remains below all major weekly moving averages (MA-20, MA-50, and MA-200), confirming that resistance is most likely at the MA-20 level. Key weekly indicators amplify this view: MACD signals a strong sell, ADX sits at 17.31 indicating weak trend strength, and both RSI and CCI show SHIB in oversold territory; meanwhile, the Stochastic RSI is neutral with mixed short-term oscillators. Negative Bull/Bear Power and a bearish Awesome Oscillator reading further support the dominance of sellers, while weekly volatility is 8.58%.

Neutral-to-bearish bias for coming week as breakout risk remains low

For the next 7 days, SHIB is expected to trade in a range between $0.00000449 and $0.00000531, reflecting current volatility and supporting a neutral-to-bearish outlook. Weekly timeframe indicators show a low probability for significant upward movement, with less than a 20% chance of a bullish breakout as none of the four key indicators generate a Buy signal. Baseline expectations are for continued range-bound trading, although a drop below $0.00000449 could lead to new lows if selling pressure persists. A decisive rise above $0.00000531 would be necessary to trigger a more sustained bullish scenario.

Jainam Mehta, market strategist, sees Shiba Inu locked in a firm downtrend this week, with price action capped well below all major moving averages and profit-taking activity picking up after last week’s minor rebound. He notes bearish momentum remains dominant, confirmed by weak ADX, negative MACD, and oversold readings on weekly RSI and CCI, while volatility at 8.58% suggests continued range-bound movement. Mehta believes a move below $0.00000449 could trigger new lows, and sees little evidence for a sustained bullish reversal unless $0.00000531 is cleared. "For now, staying tactical and waiting for a decisive break of these boundaries — I see no reason to chase rebounds unless buyers reclaim resistance."

Earlier, analysts noted that Shiba Inu was attempting to challenge bearish momentum amid renewed demand and improved adoption metrics. The current technical picture, however, reaffirms that bears remain in control, making a sustained breakout above the weekly MA-20 level the critical threshold for any shift to bullish momentum 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

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