SHIB news live: remains in strong downtrend with resistance at 0.00000953 limiting upside

Traders Union
All News
Crypto
Shiba Inu slides 3.44% today

Highlights

Shibarium's total value locked surged 137% over the past week to $1.86 million, marking its highest level since mid-September.
ShibaSwap TVL recovered 137% to $1.15 million following a significant exploit two months ago, with other ecosystem platforms seeing similar gains.
The number of Shibarium addresses surpassed 272 million, accompanied by higher transaction volumes amid ongoing utility improvements and decreased circulating supply.

Network activity surges amid post-exploit recovery and rising engagement

Shiba Inu has seen a major surge in network activity as the total value locked (TVL) on its Shibarium layer-2 solution jumped 137% over the past week, reaching $1.86 million and setting a new high since mid-September. This increase follows a recovery from a significant exploit on ShibaSwap two months ago, after which ShibaSwap TVL also climbed 137% to $1.15 million, with other platforms in the ecosystem posting similar gains. The number of Shibarium addresses surpassed 272 million alongside higher transaction volumes, reflecting renewed user engagement as ongoing utility improvements continue to reduce circulating supply.

Persistent bearish momentum as oversold signals counter strong resistance

Technically, SHIB faces strong resistance at the Ichimoku Kijun level (0.00000953), with all key moving averages confirming persistent downtrends across timeframes and no death or golden cross signals present. Momentum remains firmly bearish, as highlighted by daily MACD and ADX, while the Awesome Oscillator echoes this weakness. Oversold signals are present in the RSI (33.8), Stoch RSI (12.5), and CCI (-122.8) on the daily chart, suggesting some price exhaustion, but BBP continues to indicate intraday seller dominance, reinforcing the case for further pressure.

Sideways movement likely as breakout odds remain low

Over the next five trading days, SHIB is expected to consolidate within a corridor of 0.0000082–0.0000090, consistent with recent weekly patterns. Bullish momentum would require a breakout above 0.00000953, opening up room to revisit the 0.0000095–0.0000098 range, but the likelihood of an upward move remains low at under 20%. With technicals broadly bearish, further downside below 0.0000082 could expose 0.0000080 as the next key support. The base case scenario remains sideways movement with slightly negative bias.

Viktoras Karapetjanc, Traders Union expert, sees Shiba Inu as holding strong network momentum despite negative price trends. He notes rapidly rising Shibarium activity and ecosystem growth after recent security challenges. The analyst believes this ongoing engagement may provide a foundation for future recovery if technical pressures ease. Still, he expects consolidation to prevail short term unless SHIB breaks above 0.00000953. "Persistent user interest and TVL growth are positive signs, so I remain attentive to any bullish reversal above key resistance levels."

Previously it was noted that momentum signals were weak, with indicators reflecting a prevailing bearish trend. Last time we reported that the expected range for the next 5 trading days was likely to be limited, resulting in 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.