SHIB price news: Bearish momentum persists — key resistance at 0.00000984 holds firm

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Shiba inu slips 0.33% today

Highlights

Shiba Inu (SHIB) trades at 0.0000090, under MA-20, MA-50, and MA-200 levels, with persistent seller pressure across all timeframes.
SHIB received institutional recognition via inclusion in the FTSE Grayscale Crypto Sectors Framework and the launch of a SEK-denominated Valour ETP in Europe.
SHIB is projected to range between 0.00000609 and 0.00000919 over five days, with less than 20% probability of price increase and prevailing bearish indicators.

Institutional engagement rises as SHIB joins FTSE crypto sectors

SHIB has been added to the FTSE Grayscale Crypto Sectors Framework, marking new institutional recognition for the token and positioning it in the Consumer & Culture sector alongside similar community tokens. In Europe, Valour Inc. launched a SEK-denominated ETP tied to SHIB, providing further exposure to institutional investors. Ongoing developments with crypto ETFs and ETPs in the sector give additional context, but the explicit mention and classification of SHIB as an institutional asset stands out.

Weak momentum persists amid mixed oscillator signals and tight trading

Momentum is weak, with daily MACD and ADX both indicating a bearish environment. The RSI is below 40, while CCI is deep in oversold territory, and the Stoch RSI registers a strong buy, pointing to short-term exhaustion in selling but conflicting signals among oscillators. BBP favors sellers, and the Awesome Oscillator also supports the prevailing downtrend. Today’s price slipped 0.33%, with a minor gap up at the open but currently reversing, sitting near the lower end of today’s range within a relatively tight and low-volatility session. This reflects continued pressure after the open, with the mixed oscillator signals reinforcing the view of hesitation rather than momentum-driven moves.

Downside bias prevails as resistance caps short-term SHIB recovery

Over the next five trading days, SHIB is expected to range between 0.00000609 and 0.00000919. The probability of a price increase is very low (less than 20%), making a decline more likely. Baseline scenario: price remains capped below 0.00000984, consolidating within the corridor. Bullish scenario: a sustained move above Ichimoku resistance leads to a test of the 0.00001113 region. Bearish scenario: a break below 0.0000089 triggers a move toward the weekly low target near 0.00000609.

Anton Kharitonov, expert at Traders Union, notes that despite recent institutional developments such as SHIB's inclusion in the FTSE Grayscale Crypto Sectors Framework and the launch of a SEK-denominated ETP in Europe, technical indicators continue to signal prevailing bearish momentum. He observes that sellers are firmly in control, with price remaining under all major moving averages and weak oscillator readings, leaving little room for immediate optimism. Kharitonov sees the base case as a further decline or consolidation below resistance at 0.00000984, while the probability of a sustained upside move stays very limited. "Until SHIB reclaims at least the 0.00000984 level, I remain defensive — recent institutional headlines do not outweigh the clearly negative technical structure."

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. Previously it was noted that Bitcoiva launched a Welcome Bonus campaign aimed to enhance liquidity and attract retail trading participation.

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.