Shiba Inu news: sellers remain dominant — price stays below all major moving averages

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Shiba Inu slides 5.00% today

Highlights

Shiba Inu was added to Japan's Green List of digital assets, equating its regulatory status with Bitcoin and Ethereum for exchange listings.
SHIB integrated Chainlink's CCIP cross-chain protocol for enhanced ecosystem connectivity and issued security alerts regarding new scams targeting its community.
Recent SHIB developments include new real-world payment options and perpetual contracts, but total value locked on Shibarium remains modest.

Market recognition and new integrations bolster ecosystem despite lagging metrics

Shiba Inu was officially added to Japan's Green List of digital assets, making it recognized on par with Bitcoin and Ethereum and enabling its listing on regulated Japanese exchanges without additional review. The SHIB ecosystem also saw advanced connectivity through integration with Chainlink's CCIP cross-chain protocol, and received security alerts about scams targeting its community. Additional developments included new real-world payment options for SHIB and the launch of perpetual contract trading, though total value locked on Shibarium remains modest.

Bearish momentum persists as oversold signals clash with weak recovery

Momentum signals remain bearish, with the MACD in negative territory and the ADX indicating sellers remain dominant. RSI, Stoch RSI, and CCI show oversold conditions, pointing to increasing downside exhaustion, but BBP remains strongly negative, and sellers maintain control intraday. The Awesome Oscillator confirms the bearish tone. There was a small gap down at the open (0.0000083) from the previous close (0.000009), and the current price is near the low of today’s narrow range (0.000008–0.0000084), reflecting low volatility and ongoing pressure. Intraday price action and momentum remain aligned to the downside, with little sign of recovery so far.

Continued declines likely as bearish signals outweigh reversal odds

In the short term, SHIB is expected to trade between 0.00000760 and 0.00000856 over the next five sessions, maintaining its position within a narrow band around the current price. All weekly key indicators — MA-50, RSI, ADX, and MACD — remain firmly bearish, pointing to less than a 20% chance of an immediate reversal and favoring a scenario of continued declines. The baseline scenario is for sideways trading amid selling exhaustion. If SHIB recovers above 0.00000942, a short-term upside move may be triggered, though this is less likely. A daily close below 0.0000080 would bring the next support at 0.00000760 into focus and extend the downtrend.

Viktoras Karapetjanc, expert at Traders Union, sees Shiba Inu’s recent listing on Japan’s Green List and integration with key protocols as long-term positives for the project. However, he notes strong bearish momentum and persistent selling pressure in both technicals and sentiment, despite growing regulatory acceptance. Karapetjanc believes sideways trading near current support is likely, with any reversal requiring a close above 0.00000942. "Fundamental progress is encouraging, but until bullish momentum returns, I expect SHIB to stay in a consolidation phase with a constructive long-term outlook."

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.