Shiba Inu latest news: bears in control with price below MA-20, MA-50, and MA-200

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Shiba Inu slips 6.04% today

Highlights

Shiba Inu has partnered with Unity, a blockchain-based telecom testing network, to allow SHIB usage for participation fees and node license purchases.
The partnership enables SHIB holders to unlock Shiba Inu-themed NFTs for license owners, targeting a telecom market valued at approximately $2 trillion.
SHIB can now be utilized in infrastructure verification, quality assurance, and network monitoring activities within the Unity telecom ecosystem.

Expanded token utility as Unity partnership unlocks telecom integration

Shiba Inu has expanded its real-world utility by partnering with Unity, a blockchain-based telecom testing network. Through this collaboration, SHIB can be used for network participation fees and node license purchases, as well as unlocking Shiba Inu-themed NFTs for license holders in a telecom market valued at approximately $2 trillion. The partnership enables use of SHIB in infrastructure verification, quality assurance, and network monitoring activities.

Bearish consensus confirmed as key indicators reinforce negative trend

Technical analysis signals strong bearish momentum: price action remains below all major moving averages, with the nearest Ichimoku Kijun level at $0.00000953 now acting as dynamic resistance. Momentum indicators reinforce the downtrend: the daily MACD provides a strong sell signal, ADX at 27.6 confirms the trend is active, and RSI, Stoch RSI, and CCI all remain bearish with no visible oversold conditions to suggest an imminent reversal. BBP shows a minor buy signal, implying some intraday divergence, but the Awesome Oscillator is neutral and does not confirm any directional shift. Overall indicator consensus is clearly bearish.

Rangebound movement favored as recovery prospects remain limited

Looking ahead, SHIB's price is expected to fluctuate between $0.0000080 and $0.00000996 over the coming week, with continued downside momentum likely. There is a low probability — less than 20% — that the price will stage a meaningful recovery in the short term. The base scenario is rangebound consolidation between $0.0000080 and $0.0000098, unless SHIB can close decisively above the $0.00000953–$0.00000981 resistance zone, which appears unlikely at present. A break below $0.0000080 would reinforce the prevailing bearish structure as indicated by both daily and weekly signals.

Viktoras Karapetjanc, expert at Traders Union, sees the technical setup for Shiba Inu as clearly bearish, with strong downside momentum reinforced by multiple indicators. However, he highlights that the recent partnership expanding SHIB's utility in the multi-trillion dollar telecom sector adds real fundamental value. Karapetjanc believes that while price is under pressure now, adoption news could help reverse sentiment in coming weeks if sustained interest builds. He remains confident in SHIB's macro potential but expects consolidation in the short term. "If adoption keeps growing and key resistance is broken, I see real upside potential for SHIB beyond the current range."

Previously it was noted that the asset exhibited weak momentum and indicators pointed to a prevailing bearish trend. Last time we reported that the expected range for the next 5 trading days was likely to be limited, reflecting a predominantly sideways or declining 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.