SHIB slides slightly as resistance at MA-20 caps any recovery attempts: weekly forecast

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Shiba Inu falls 3.02% this week

Highlights

SHIB remains under persistent bearish momentum, trading below major moving averages on medium- and long-term timeframes.
Momentum and trend indicators point to strong selling pressure, with oscillators signaling oversold conditions and fading volatility.
SHIB is expected to trade between $0.00000408 and $0.00000456 over the next week, with further downside more likely than a sustained rebound.

Burn surge and market listings drive supply squeeze hopes despite network dip

Robinhood completed a burn of 109 million SHIB tokens on July 12, increasing the weekly burn volume by over 680% and fueling interest in a potential supply squeeze. SHIB was also added to Japan's regulated Green List, improving access to one of Asia's largest crypto markets. Additional support came from its listing on Rakuten Wallet and a record low in SHIB exchange reserves, even as daily transactions on the Shibarium network declined sharply.

Sustained bearish momentum as oversold conditions deepen over the week

Weekly technicals remain firmly bearish, with SHIB trading well below the weekly MA-20 ($0.00000538), MA-50 ($0.00000789), and MA-200 ($0.00001245), and the Ichimoku Kijun set notably higher than the current price. The nearest resistance lies at the MA-20 level, while weekly volatility is 8.82%. Momentum is negative, as the MACD continues to signal a strong sell and the ADX affirms bearish dominance, though not yet at extreme levels. Both RSI and Stochastic RSI, along with CCI, indicate oversold conditions, and Bull/Bear Power confirms continued seller control.

Sideways trading expected as reversal signals remain weak this week

For the next 7 days, the weekly forecast projects a trading band between $0.00000408 and $0.00000456, in line with recent volatility. The probability of a sustained upside move remains very low (below 20%), given that key weekly indicators (RSI, ADX, MACD, CCI) do not signal a reversal. Most likely, SHIB will continue to trade sideways near current lows under the pressure of ongoing bearish momentum and oversold oscillators, with stabilization possible if buyers emerge. A clear break above $0.00000456 could shift momentum, but a decline below $0.00000408 would risk further losses.

Parshwa Turakhiya, analyst, observes that Shiba Inu (SHIB) continued to face heavy bearish pressure this week, with price action anchored well below all major weekly moving averages. Despite a notable surge in burn activity and expanding access in Japan, indicators such as MACD, ADX, and CCI remain firmly negative, signaling little change in sentiment or momentum. He notes that oversold conditions could temper further downward moves, but a meaningful upside reversal seems unlikely without a clear break above $0.00000456. Most signals point to sideways or lower trading as the base scenario. "Until SHIB reclaims key resistance, I see little reason to chase upside this week — I’ll watch for stabilization, but bearish momentum still sets the tone."

Earlier, analysts noted that Shiba Inu was entrenched in a persistent bearish trend, with technicals and momentum indicators showing little sign of recovery. The latest developments, including heightened token burns and new market listings, strengthen this outlook while raising the importance of monitoring any shifts in buyer activity that could impact short-term volatility or signal an impending 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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