Shiba Inu weekly forecast: Holds at top of recent range as major support emerges

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Shiba Inu gains 6.89% this week

Highlights

Shiba Inu gained 6.89% over the past 7 days and now trades above key moving averages, showing a slight bullish tilt.
Trend supports a sustained move higher, with volatility at 13.92% and daily chart placing price at the upper end of its recent range.
Expected 7-day range is $0.00000505 to $0.00000646, with 65% probability of price holding above $0.00000529 support.

Token inflows and CoinEx shutdown raise selling risk amid ecosystem upgrades

Over the past week, SHIB's ecosystem saw several technical upgrades, including an update to Shibarium’s RPC details in the ethereum-lists registry and a switch of key infrastructure to Cloudflare for greater stability. CoinEx, a major Hong Kong-based crypto exchange, announced it will cease operations, disclosing reserves of approximately 442.8 billion SHIB, according to TheCryptoBasic. On-chain and exchange flows shifted sharply, with token burns down nearly 25% and a net inflow of over 241 billion SHIB to exchanges, potentially raising selling pressure for the week ahead.

Trend strengthens as price outpaces key averages despite neutral momentum signals

On the daily chart, SHIB trades at the very top of its recent range, reflecting a sustained move higher with a firm trend. Recent upside is supported by an ADX reading of 32.31230133 and positive Bull/Bear Power, even as the main oscillators (RSI at 49.97, CCI at -46.30, and Stochastic RSI at 32.46) remain in neutral zones. Volatility over the past week came in at 13.92%, underscoring the strength of the current trend. Key support sits at the MA-200 ($0.00000529) and the Ichimoku Kijun at $0.00000525, both now below price.

Bullish bias holds with breakout risks as critical support and resistance levels converge

Over the next 7 days, the expected range for Shiba Inu is $0.00000505 to $0.00000646. There is a 65% probability of an increase and a 35% probability of a decrease. Base case is price action developing within this band, building above $0.00000529 support. A sustained move above $0.00000646 would further the bullish momentum. Conversely, a close below $0.00000525–$0.00000529 would risk a deeper pullback.

Jainam Mehta, market strategist, sees Shiba Inu holding gains near $0.0000054 after a strong 7% climb this week, underpinned by rising network activity and a series of meaningful technical upgrades in its ecosystem. The disclosure of CoinEx’s large SHIB reserves and sharply higher exchange inflows highlight a shift in short-term sentiment, with token burns declining and potential for increased selling pressure. On the daily chart, Shiba Inu remains in a solid trend above key support at the MA-200 ($0.00000529) and Ichimoku Kijun ($0.00000525), though neutral oscillator readings suggest bulls may need a fresh catalyst. "I am watching for price action within the $0.00000505–$0.00000646 range this week — a decisive move above resistance can extend upside, but a close under $0.00000525 would warn of a deeper pullback."

Earlier, analysts noted that Shiba Inu's momentum was mixed, with upside potential dependent on key resistance levels being challenged. The latest developments—including technical upgrades, shifting exchange flows, and evolving on-chain metrics—bring fresh volatility into play, making it critical for traders to watch the $0.00000646 breakout level as a catalyst for renewed 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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