SHIB today news: volatility declines as oversold signals met with renewed selling pressure

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Shiba Inu slides 2.71% today

Highlights

Shiba Inu partnered with Unity Nodes to enable SHIB payments for Unity Node licenses, offering a 5% bonus in licenses and exclusive NFTs.
Shiba Inu burned over 184 million SHIB in one day, spiking its token burn rate by more than 108,000% and tightening circulating supply.
The Shiba Inu team is investigating a coordinated attack on its Shibarium network from September with major security firms involved.

Ecosystem expansion and token burn intensify amid security probe

Shiba Inu has expanded its ecosystem by partnering with Unity Nodes, a blockchain-based mobile edge network, allowing SHIB to be used for purchasing Unity Node licenses and offering rewards such as a 5% bonus in additional licenses and exclusive NFTs. More than 184 million SHIB were burned in a single day, increasing the token burn rate by over 108,000% and further tightening supply. The team is also investigating a coordinated attack on its Shibarium network from September, collaborating with leading security firms.

Weak momentum and oversold signals confirm seller dominance

Daily momentum remains weak, with MACD on a strong sell and ADX at 27.56 confirming a prevailing bearish trend. RSI is soft at 43, while Stochastic RSI is neutral but leaning toward oversold on shorter timeframes, suggesting some short-term exhaustion. CCI is neutral, and the Bull/Bear Power indicator is positive but weak, implying sellers still control intraday flows despite minor buying attempts. Awesome Oscillator remains neutral, so it does not add support to the bearish momentum. The current session shows a drop of 2.71% compared to yesterday, with no gap between sessions, and SHIB is now near today’s low after a quiet, narrow-range day. Volatility has been low, and the tone has been steady pressure from sellers after the open. There is a slight divergence between the oversold short-term oscillators and the ongoing bearish momentum, but overall price action and indicators are still aligned to the downside.

Renewed decline likely as range-bound outlook limits upside

Looking ahead, the expected range for the next 5 trading days is $0.0000084 to $0.00000995, reflecting a realistic weekly move of around 10% above and below the current price. There is a very low probability (less than 20%) of a meaningful price increase, making a renewed decline far more likely based on the majority of weekly and daily indicators. The most likely scenario is sideways movement between $0.0000084 and $0.00000995. If buyers manage to push above the $0.00000953–$0.0000097 resistance zone, a bullish move toward $0.00000995 may develop. Failure to hold $0.0000090 would open the door for a test of short-term support near $0.0000084.

Anton Kharitonov, expert at Traders Union, sees persistent bearish technical pressure on Shiba Inu despite ecosystem developments and record token burns. He notes that all major indicators resist upward movement, and sellers are still in control intraday. Price remains pinned just above support, and a renewed decline is more likely unless resistance at $0.00000953–$0.0000097 is decisively broken. "Until SHIB can reclaim key moving averages and resistance, I remain defensive and expect more downside or sideways action 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.