Improved on-chain activity — Shiba Inu gains 6.75% despite lingering resistance

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Shiba inu jumps 6.75% today

Highlights

Shiba Inu (SHIB) traded at $0.0000108 after a 6.75% gain, remaining below its MA-20 ($0.0000118), MA-50 ($0.0000124), and MA-200 ($0.0000129).
On-chain activity signals reduced exchange outflows and increased wallet participation, but despite optimism, SHIB faces persistent technical resistance and a shift toward AI-related utility narratives.
SHIB is expected to consolidate between $0.00000957 and $0.00001092 next week, with less than a 20% likelihood of further rebound absent a breakout above $0.0000111.

Investor optimism grows amid improving network activity and reduced outflows

Shiba Inu is showing early signs of market recovery as on-chain activity improves, with reduced exchange outflows hinting at less selling pressure and greater investor confidence. Network usage and wallet participation are also rising, creating optimism for a potential comeback despite technical resistance. A narrative shift toward AI-driven utility projects is emerging in the background.

Mixed momentum as oscillators diverge near key resistance and support

SHIB faces strong resistance from Ichimoku's kijun at $0.0000111, while support has formed near recent lows. Technical indicators present mixed signals: ADX points to a firm trend, but MACD on the daily shows fading bullishness. RSI and CCI indicate mild oversold conditions, and Stoch RSI is neutral. BBP highlights intraday selling, with the awesome oscillator supporting a strong sell bias. Despite low price volatility and intraday strength, oscillators show divergence, signaling a weak and unconfirmed rebound.

Limited rebound potential as SHIB trades in narrow consolidation band

Over the next week, SHIB is expected to consolidate between $0.00000957 and $0.00001092, with an average price near $0.00001025. The likelihood of a further rebound is low, below 20%. A breakout above $0.0000111 could trigger a move to the upper range, but a dip below $0.00000957 may open the way for deeper losses.

Viktoras Karapetjanc, expert at Traders Union, sees early signs of recovery in Shiba Inu (SHIB) as improved on-chain activity and rising network participation signal returning investor confidence, despite the price lagging below key moving averages. The analyst believes low selling pressure and a gradual narrative shift toward AI-driven utility could help SHIB stabilize, although technical resistance remains formidable. Karapetjanc maintains a constructive outlook, expecting short-term consolidation but recognizing upside potential if $0.0000111 is breached. "For investors, I see this cautious recovery as a positive step — while the rebound is unconfirmed, improving sentiment may offer attractive entry points in the coming weeks."

Previously it was noted that exchange reserves reached 85.1 trillion SHIB, signaling increased sell-side pressure despite ongoing ecosystem support. The article highlighted a range-bound outlook as oversold signals temper downside amid persistent bearish momentum.

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.