Shiba Inu price prediction: More downside ahead? SHIB consolidates below resistance

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Shiba Inu slides 0.34% today

Highlights

SHIB was added to Japan's official 'Green List' of cryptocurrencies, increasing accessibility alongside Bitcoin and Ethereum in the Japanese market.
SHIB's token burn rate surged as 17.3 million SHIB were destroyed in the past 24 hours, accelerating supply reduction efforts.
No significant product launches, governance actions, or large-scale institutional activities related to SHIB were reported during this period.

Increased market accessibility and burn rate boost SHIB’s profile in Japan

SHIB saw a notable regulatory milestone as Japan added it to its official 'Green List' of cryptocurrencies, raising its accessibility in the Japanese market and aligning it with major tokens like Bitcoin and Ethereum. The asset also experienced a sharp uptick in its burn rate, with 17.3 million SHIB tokens destroyed over the past 24 hours, reflecting an accelerated token supply reduction. No major product launches, governance actions, or large-scale institutional moves were reported.

Bearish momentum prevails as resistance persists despite short-term buy signals

The nearest significant resistance for SHIB is the daily Ichimoku Kijun at 0.00000953, while support emerges near the recent lows around 0.0000086. Momentum indicators are firmly bearish, as both the daily MACD and ADX support a sell scenario, and RSI at 39 and CCI at -101 highlight oversold conditions. BBP is negative, confirming seller dominance intraday. Despite a brief gap up at the open, SHIB has slipped back to the lower end of today's range (0.0000086–0.0000089) with low intraday volatility. Notably, Stochastic RSI and HMA indicate some short-term buying potential, but this conflicts with prevailing negative momentum.

Sideways action likely as downside risks outweigh recovery prospects

Looking ahead to the coming week, SHIB is expected to trade within the 0.0000081 to 0.0000091 range, closely tracking current levels. The likelihood of a price increase is low (less than 20%), favoring a continuation of the downward trend. The baseline scenario calls for sideways movement between these levels. A surge above 0.00000953 would suggest a short-term recovery, while a drop below 0.0000086 could trigger further declines and reinforce the negative trend.

Anton Kharitonov, expert at Traders Union, sees the technical outlook for Shiba Inu as decisively bearish, reinforced by persistent selling and negative momentum signals. While the regulatory advance in Japan is positive structurally, it has not translated into sustained market support. Kharitonov notes critical resistance at $0.00000953 and expects price action to remain subdued in a narrow band, as the probability of a sustained rebound remains limited. "I do not expect a significant turnaround unless SHIB decisively reclaims $0.00000953 — for now, the downside risk dominates."

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. Previously it was noted that momentum signals were weak, with indicators reflecting a prevailing bearish trend.

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.