Shiba Inu price jumps 3.68% after 1B token liquidation and ETF inclusion

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Shiba inu coin rises 3.68% today

Highlights

Shiba Inu Coin (SHIB) rose 3.68% to 0.0000093 but remains below its MA-20, MA-50, and MA-200, signaling continued broad-based selling pressure.
Roughly 1 billion SHIB tokens were liquidated in a single day as T. Rowe Price added SHIB as an eligible asset in its active crypto ETF filing.
Technical indicators remain bearish, with SHIB likely to trade between 0.00000625 and 0.00000936 over the next five days barring a breakout above 0.00000984.

Increased institutional attention amid large-scale liquidation and heightened burns

Around 1 billion SHIB tokens were sold on exchanges in a major liquidation event within a single day. At the same time, T. Rowe Price included SHIB as an eligible asset in a proposed active crypto ETF filing with the U.S. Securities and Exchange Commission, signaling increased institutional attention. This period also saw notable SHIB burn activity alongside heightened market interest.

Bearish momentum persists as key indicators flag selling exhaustion

Technically, SHIB is trading well below its key short-, medium-, and long-term moving averages, confirming a sustained bearish bias. The Ichimoku indicator highlights dynamic resistance at 0.00000984, with immediate support found near the current price. Momentum indicators such as MACD and ADX remain bearish, while RSI hovers near 35. Stoch RSI and CCI signal oversold conditions, suggesting sellers may be nearing exhaustion. Intraday bull/bear power shows a slight seller advantage, supported by a negative Awesome Oscillator reading. Volatility is moderate, with price action close to session highs and oscillators revealing divergence as downside momentum persists.

Sideways bias prevails as upside risk remains limited

Over the next five trading days, SHIB is likely to move within a range of 0.00000625 to 0.00000936, with a sideways trading corridor as the base scenario. The chance of a significant upside move remains low at less than 20%, while the probability of further declines is higher if support breaks. A sustained rally above 0.00000984 might open the way to the upper end of the expected weekly range, but if sellers regain control and the price falls below immediate support, further weakness toward 0.00000625 can be expected.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu Coin locked in a clear downtrend, with technicals showing persistent bearishness across all major timeframes. He highlights that despite minor institutional attention from the T. Rowe Price ETF filing, overarching selling pressure and significant token liquidations weigh heavily on sentiment. The analyst remains defensive, noting that only a sustained move above 0.00000984 would reduce the risk of deeper losses. "For now, the base case is sideways-to-lower — unless SHIB breaks key resistance, further declines remain my primary scenario."

Last time we reported that the burn rate for SHIB tokens surged by 208% within a day, 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.