Shiba Inu consolidates after Shibarium hack amid weak momentum

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Shiba Inu slips 0.32% today

Highlights

Shiba Inu Coin (SHIB) trades at $0.0000126, supported by short-term buyers at the MA-20 but facing resistance from medium- and long-term sellers below the MA-200.
Investor sentiment is subdued following the recent Shibarium hack and persistent concerns over SHIB's large circulating supply and sideways price action.
Technical indicators remain neutral to bearish, with SHIB expected to consolidate between $0.00001306 and $0.00001472 and less than a 20% chance of a sustained rally.

Security breach and supply overhang dampen investor confidence

Investor sentiment remains challenged due to a recent hack targeting Shibarium, adding security concerns to ongoing issues with the asset's large circulating supply and extended period of sideways price action. These developments have weighed on the outlook for rapid appreciation. Ongoing conversations about the risks and limitations facing SHIB, such as those discussed in the context of risk factors and potential returns, have kept confidence subdued.

Weak bearish momentum persists as volatility and direction remain muted

Bearish momentum prevails technically, as the daily MACD remains in strong negative territory and the Awesome Oscillator reinforces this bias. However, momentum is weak, with the ADX still low, and a suite of oscillators — RSI, Stoch RSI, CCI, and BBP — all sitting in neutral territory, signaling a lack of overextension and no clear buyer or seller dominance today. SHIB opened without a gap, trading mid-range between an intraday low of $0.0000124 and high of $0.000013, as volatility stays low and the overall market tone remains sideways. The nearest dynamic resistance is defined by the Ichimoku Kijun at $0.0000132, with MA-50 acting as an additional ceiling, while immediate support lies at $0.0000124.

Limited upside seen as rangebound trading and bearish signals dominate

Over the next five trading days, SHIB is expected to consolidate, with a likely range of $0.00001306 to $0.00001472 and an average forecast price of $0.00001389. The technical outlook suggests a low probability — less than 20% — of a sustained price increase, as only the weekly RSI points to any bullish potential while other signals remain neutral or bearish. The baseline forecast sees SHIB trading narrowly between the MA-20 and the Ichimoku resistance. A bullish breakout above $0.0000132 could target the upper end of the forecast, while a breakdown under $0.0000124 would open the path to lower support levels.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu Coin (SHIB) under continued technical and sentiment pressure, with cautious buyers unable to overcome overall bearish momentum and uncertain fundamentals. He believes that unresolved security concerns and a lack of strong bullish signals suggest limited upside potential in the near term. "With price capped below $0.0000132 and technicals mostly defensive, my base case is continued consolidation—if support at $0.0000124 fails, I expect further weakness."

Previously it was noted that more than 410 trillion SHIB have already been burned since the project’s launch — a significant reduction from the initial quadrillion supply. The earlier report also discussed how Shiba Inu became one of the very few cryptocurrencies where coin burning serves as a central narrative for the community.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.