Shiba Inu price steadies amid mixed signals from MACD, RSI, and major exchange inflows: weekly analysis

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Shiba Inu rises 0.95% this week

Highlights

Shiba Inu trades at $0.0000053, rising over the past week and sitting near the upper end of its recent range.
Momentum indicators remain bullish overall, with strong buy signals from major trend-following tools and moderate volatility at 12.09%.
Shiba Inu is expected to consolidate between $0.00000528 and $0.00000535, with a range of $0.00000468 to $0.00000561 projected for the coming week.

Exchange inflows and network upgrades drive sentiment swings during the week

Shiba Inu's technical and ecosystem upgrades took center stage this week as the Shibarium layer-2 network deployed nine new Safe v1.4.1 contracts to enhance multisignature wallet and cross-network functionality, according to Crypto Economy, en.coin-turk.com, and Hokanews. On-chain data from U.Today and en.coin-turk.com indicated major net inflows of over 145 billion and 261 billion SHIB to exchanges between August 28 and August 29, raising short-term concerns around potential sell pressure and volatility. A spike in token burns and Japan's regulatory green light for a Nomura-backed exchange added to a dynamic backdrop, but resistance at key moving averages continues to weigh on sentiment for the week ahead.

Momentum signals strengthen as price tests MA-200 resistance over the week

The daily chart shows a firm trend with a sustained move higher, supported by a volatility reading of 12.09%. MACD and Bull/Bear Power both signal strong buy momentum, offsetting a more neutral stance from RSI at 59.74. Support is pinned at $0.00000528, which aligns with the Ichimoku Kijun, while resistance stands at the MA-200 level of $0.00000535. This setup suggests further upward potential if momentum holds, though resistance overhead is close.

Bullish breakout favored as consolidation range narrows for the coming week

In the week ahead, SHIB/USD is expected to trade within a range of $0.00000468 to $0.00000561. There is a very high probability of an increase and a very low probability of a decrease. The base case sees Shiba Inu consolidating between $0.00000528 and $0.00000535. A bullish scenario would play out with a clear break above $0.00000535, targeting the upper end of the expected range, while a bearish turn below support at $0.00000528 could open room toward $0.00000468.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu trading in a mixed technical environment this week. He notes that daily indicators like MACD and Bull/Bear Power point to buy momentum, but nearby resistance at $0.00000535 remains a tough hurdle. This is aligned with solid support at $0.00000528, and the current volatility reading of 12.09% suggests price swings are likely. Kharitonov highlights that the recent network upgrades and major net inflows of SHIB to exchanges have stirred both optimism and caution among traders, especially given the potential for heightened sell pressure. He expects Shiba Inu to consolidate within $0.00000528 to $0.00000535 unless resistance breaks definitively or support fails. "Until we see a confident move above $0.00000535, I remain defensive in my outlook and view consolidation as the most probable scenario for the coming week."

Earlier, analysts noted that Shiba Inu was building institutional credibility as it gained regulatory approval in Japan and expanded its market access. The current analysis adds that technical upgrades and heightened exchange flows now put increased focus on the $0.00000528–$0.00000535 band, where a decisive break in either direction could set the tone for near-term price action.

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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