Seller momentum surges — Shiba Inu drops 6.04% amid persistent bearish pressure

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Shiba inu slides 6.04% today

Highlights

SHIB trades at $0.0000090 below its MA-20, MA-50, and MA-200, reflecting sustained bearish pressure across all timeframes and strong overhead resistance at $0.00001042.
T. Rowe Price filed for a U.S. actively managed crypto ETF including SHIB after the token became eligible under FTSE Grayscale and SEC standards, coinciding with a 208% burn rate surge.
Technical indicators remain strongly bearish with daily losses of 6.04%, low volatility, and projected support breaks potentially driving SHIB down towards $0.00000620 next week.

ETF eligibility and institutional filings increase as burn rate surges

SHIB recently secured a notable milestone with its official inclusion in the FTSE Grayscale Crypto Sectors Framework and eligibility for a U.S. spot ETF per SEC Generic Listing Standards. T. Rowe Price, a major asset manager overseeing $1.77 trillion, has filed for an actively managed U.S. crypto ETF featuring SHIB, marking the first SEC-registered ETF proposal to recognize SHIB as an eligible investment. The announcement coincided with a 208% spike in the token's burn rate and nearly 8 million tokens removed from circulation. Other developments include Valour Inc.'s launch of a SEK-denominated ETP in Europe and upcoming technical upgrades to the Shiba Inu ecosystem.

Bearish momentum sustained as oversold signals and low volatility persist

Momentum indicators on the daily chart are strongly bearish, with both MACD and ADX signaling robust downside pressure. RSI, Stoch RSI, and CCI all indicate oversold conditions, confirming a market stretched to the downside, while BBP implies buyers are attempting to stabilize intraday momentum. The Awesome Oscillator remains neutral and does not reinforce the overall trend. SHIB has posted a daily drop of 6.04% to $0.0000090 with no gap at the open and is trading near today’s low of the $0.0000090 – $0.0000093 range. Volatility is low, and the intraday tone reflects sustained pressure after the open in line with prevailing bearish momentum. Divergence is not observed, as both oscillators and momentums confirm the current direction.

Continued downside risk rises as bullish reversal scenario weakens

For the coming week, SHIB is projected to trade between $0.00000620 and $0.00000930. The probability of a price increase is very low (less than 20%), making a continued decline much more likely. The baseline scenario envisions sideways movement within the indicated corridor. A bullish scenario would require SHIB to overcome resistance at $0.00001042, leading to a potential rebound toward the upper band; a bearish outcome would materialize if support near $0.0000090 fails, exposing the token to further downside toward the $0.00000620 area.

Viktoras Karapetjanc, analyst at Traders Union, believes that while Shiba Inu (SHIB) is currently weighed down by bearish technical momentum, the recent developments around institutional recognition and ETF eligibility significantly strengthen its macro and fundamental case. He sees the foundation being set for future inflows as large asset managers like T. Rowe Price and product launches in both the U.S. and Europe elevate SHIB’s profile. Despite the current price pressures, a constructive bias remains due to this strong institutional backdrop and ecosystem progress. "If SHIB can reclaim the $0.00001042 resistance level, a renewed uptrend is possible — for now, the groundwork for broader adoption is being laid."

Previously it was noted that Bitcoiva launched a Welcome Bonus campaign aimed to enhance liquidity, attract retail participation, and encourage trading among newcomers. Last time we reported that the burn rate for SHIB tokens surged by 208% within a day, with nearly 8 million tokens burned, as detailed in the burn rate for SHIB tokens surged.

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.