-1.31% for SHIB — short-term weakness persists below key moving averages

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Shiba inu slips 1.31% today

Highlights

Shiba Inu (SHIB) trades at 0.0000098, remaining below its MA-20, MA-50, and MA-200, reflecting persistent short-term weakness and seller dominance.
SHIB experienced 146 billion tokens returned to exchanges in 24 hours, signaling increased short-term trading activity and elevated sell pressure amid Shibarium Layer 2 adoption.
Negative momentum indicators and bearish sentiment suggest SHIB will likely range-trade between 0.00000672 and 0.00000983 in the short term, with limited upside probability.

Token returns to exchanges accelerate amid trading surge and network growth

Shiba Inu saw an influx of 146 billion tokens returned to exchanges within 24 hours, marking increased short-term trading activity and heightened sell pressure. The Shibarium Layer 2 blockchain achieved rapid user adoption by surpassing one million wallets in 18 days after its relaunch in 2023. Regulatory discussion around potential ETP or ETF inclusion and renewed token movement from historic holders further reflect ongoing network evolution.

Negative momentum persists as support holds against broad weakness

The nearest support for SHIB is located near the Ichimoku Kijun at 0.00000978, while resistance stands at the MA-50 level of 0.00001091. Momentum indicators remain negative, with MACD and ADX both confirming continued bearish sentiment and weak reversal momentum. The RSI sits below 50, pointing to underlying weakness, and the Stoch RSI is overbought, suggesting potential for a near-term pullback. The CCI is neutral, but intraday Bull/Bear Power indicates some buyer presence against the broader seller-driven trend, while the Awesome Oscillator remains neutral — all signaling limited volatility and persistent downside pressure.

Sideways trading likely as breakout needs momentum shift

In the short term, SHIB is likely to trade within a range of 0.00000672 to 0.00000983, reflecting a very low probability of an upward move. Sideways price action is the baseline scenario amid reduced momentum, with choppy conditions more likely than immediate bearish continuation. A move above the MA-50 at 0.00001091 would be needed to signal a bullish breakout, while continued negative momentum could push SHIB below the 0.00000672 support.

Anton Kharitonov, expert at Traders Union, notes that Shiba Inu remains technically weak, trading below key moving averages and facing persistent selling pressure. He sees recent exchange inflows and historic holder activity as evidence of short-term uncertainty, despite network growth in Shibarium adoption and ongoing regulatory discussions. Support at 0.00000978 and resistance at 0.00001091 frame a sideways outlook, with negative momentum indicators limiting any bullish scenario. "Unless SHIB reclaims the MA-50 at 0.00001091, I remain defensive and see little reason to expect an upward move in the near term."

Last time we reported that institutional attention for SHIB increased amid large-scale liquidation and ongoing token burns, supporting the asset despite short-term bullish momentum. Previously it was noted that the probability of a price increase is low, with conflicting momentum signals and downside risk dominating the weekly outlook.

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.