SHIB news: trades below key moving averages — downside risks remain with weak momentum

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Shiba Inu Slides 4.57% Today

Highlights

Shiba Inu Coin (SHIB) fell 4.57% to $0.0000121, trading below the MA-50 and MA-200, underscoring ongoing long-term selling pressure.
SHIB holder numbers decreased for the first time in two years as trading activity waned, amid heightened meme coin competition from Layer Brett's LBRETT testnet launch.
Technical indicators including a strong sell MACD, low ADX, and bearish oscillators point to continued weakness, with SHIB likely consolidating between $0.0000120 and $0.0000132 in the coming week.

Investor outflows intensify as new competitor attracts market attention

Competition in the meme coin space is intensifying with the upcoming testnet launch of Layer Brett (LBRETT), an Ethereum Layer 2 project offering high-yield staking and low fees, which is already drawing attention from retail and institutional participants. Meanwhile, the number of SHIB holders has fallen for the first time in two years alongside shrinking trading activity, signaling waning investor interest. The SHIB development team continues to defend the project’s relevance, citing sustained on-chain activity despite internal disputes and ecosystem slowdowns.

Weak momentum persists as resistance aligns with bearish technical signals

Technically, the nearest dynamic resistance is at $0.0000132, coinciding with the Ichimoku Kijun, while short-term support sits at $0.0000120. Momentum on the daily chart remains weak: the MACD signals strong sell conditions, the ADX registers low trend strength, and oscillators present mixed signals with a neutral-bullish RSI at 50 and mildly negative CCI. The BBP indicates sellers are leading intraday momentum, and the Awesome Oscillator confirms this bearish tone, as the current price trades near session lows amid low volatility and persistent selling pressure.

Sideways price bias expected as upside risk remains subdued

For the next five trading days, SHIB is expected to trade within a range of $0.00001272 to $0.00001438. Downside risks remain elevated, with less than a 20% probability for a meaningful price rise based on weekly indicators. The baseline scenario is sideways consolidation between $0.0000120 and $0.0000132. A break above $0.0000132 opens the path to $0.0000140, while a fall below $0.0000120 could send the price toward $0.0000118 or lower.

Viktoras Karapetjanc, Analyst at Traders Union, sees SHIB’s short-term stabilization as constructive, despite decreased investor interest and growing competition from Layer Brett. He believes continued institutional attention to the meme coin sector and SHIB’s ongoing on-chain activity reflect resilient sentiment, even as technical signals lean bearish. Karapetjanc remains bullish in his macro view, noting that sideways consolidation could create a foundation for upward movement if resistance at $0.0000132 is broken. "Momentum may be lacking now, but in an environment where retail and institutional eyes remain on meme coins, any positive shift in sentiment could quickly propel SHIB higher," he says.

Previously it was noted that a recent hack targeting Shibarium and concerns about SHIB's large circulating supply had dampened investor confidence. The article also discussed how coin burning serves as a central narrative for the Shiba Inu 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.