Shiba Inu is falling today: what traders are watching

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Shiba Inu Slides 10.16% Today

Highlights

Shiba Inu achieved institutional recognition by joining the FTSE Grayscale Crypto Sectors Framework and appearing in Grayscale's and T. Rowe Price's spot crypto ETF filings.
SHIB's token burn rate spiked by 208% in one day, with nearly 8 million tokens burned, tightening the circulating supply.
The Shibarium network implemented a major security upgrade and deactivated its legacy RPC endpoint following a past security breach.

Institutional visibility rises as inclusion, ETF filings and token burn surge

Shiba Inu reached a major institutional milestone by being included in the FTSE Grayscale Crypto Sectors Framework and marked its first appearance among eligible assets in Grayscale's and T. Rowe Price's spot crypto ETF filings, strengthening its visibility with institutional investors. The burn rate for SHIB tokens surged by 208% within a day, with nearly 8 million tokens burned, reducing overall supply. In addition, the Shibarium network implemented a major security upgrade and deactivated its legacy RPC endpoint following a prior breach.

Anton Kharitonov, expert at Traders Union, views SHIB’s current technical position as firmly bearish, with all key moving averages aligning to reinforce downward momentum. Despite recent institutional attention and token burns, he remains cautious, citing the inability of these developments to support price stability amid persistent selling pressure. The network’s past security breach and below-par recovery prospects amplify downside risk, in his assessment. "With no sustained reversal signals and technicals heavily skewed to the downside, I would advise traders to prioritize capital preservation until SHIB reclaims critical resistance levels."

Viktoras Karapetjanc, expert at Traders Union, sees Shiba Inu’s entry into leading institutional frameworks, like the FTSE Grayscale Crypto Sectors Framework and major ETF filings, as a strong tailwind for medium-term adoption and investor confidence. He notes that the 208% surge in burn rates and ongoing network improvements reflect proactive management, supporting a constructive outlook even amid short-term price softness. Karapetjanc believes current market weakness may offer long-term positioning opportunities. “With SHIB gaining institutional traction and demonstrating supply discipline, I expect further growth opportunities as adoption trends strengthen.”

Jainam Mehta, market strategist, interprets SHIB’s sharp daily decline as a short-term oversold condition coinciding with recent high-profile institutional news, potentially setting the stage for a tactical bounce if resistance at $0.00001048 is reclaimed. He adds that the divergence between bearish momentum and growing fundamentals could present contrarian entry setups for agile traders. "While dominant momentum signals suggest caution, I see merit in watching for a reversal above $0.00001048 following this bout of negative sentiment."

Seller dominance confirmed as price meets resistance, clings to support

The latest SHIB price of $0.0000091 is trading below the MA-20 at $0.00001014, the MA-50 at $0.00001139, and the MA-200 at $0.00001266. This alignment confirms persistent seller pressure across short-, medium-, and long-term trends, with resistance near the Ichimoku kijun at $0.00001048 and dynamic support close to today’s low at $0.0000090.

Previously, it was noted that Bitcoiva launched a Welcome Bonus campaign where new users could receive up to 50,000 SHIB tokens after completing certain requirements. The campaign reflects the platform’s broader goal to enhance liquidity, attract retail participation, and encourage crypto trading among newcomers.

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.