What’s driving Shiba Inu lower today?

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Shiba Inu Slides 10.85% Today

Highlights

Shiba Inu urges users to transact exclusively through official CCIP cross-chain contracts listed on its website to prevent scams and token theft during Chainlink integration across over 20 blockchains.
The SHIB ecosystem has launched a new perpetual contract listing, signaling expanded trading options and liquidity for the community.
Enhanced activity in the SHIB ecosystem comes from ongoing partnership integrations and a continued token burn mechanism, supporting broader ecosystem engagement.

Ecosystem activity rises as security upgrade and integrations expand

Shiba Inu has implemented a critical security update urging its community to use only official CCIP cross-chain contracts as listed on the project's website to prevent scams or token theft as part of Chainlink’s integration connecting SHIB to over 20 blockchains. The SHIB ecosystem also recently introduced a new perpetual contract listing. Additional efforts around partnership integrations and a continued token burn mechanism have further contributed to increased ecosystem activity.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu struggling beneath all major moving averages, confirming pronounced weakness. He notes strong daily bearish momentum and a decisive lack of buying interest, as highlighted by the negative MACD, ADX above 30, and persistent oversold readings on RSI, CCI, and Stoch RSI. Critical technical resistance at $0.00000942 remains untouched, while failed rebounds show traders still lack confidence after recent security warnings. Kharitonov cautions that ongoing token burns and ecosystem partnerships have done little to counteract dominant seller pressure. He warns, "Until SHIB reclaims $0.00000942, this market favors short setups and further downside risk."

Viktoras Karapetjanc, expert at Traders Union, highlights Shiba Inu’s proactive response to scams with the Chainlink integration and ongoing token burn as important steps for project credibility. He expects that new cross-chain partnerships can pave the way for broader adoption despite the current weak price action. Karapetjanc remains constructive, seeing recent ecosystem upgrades as catalysts for long-term growth. He views the recent dip as a potential opportunity for accumulation as market structure evolves. He states, "With continuous ecosystem developments and expanding interoperability, I believe SHIB’s bullish prospects remain intact despite near-term challenges."

Bearish momentum persists as indicators and resistance levels align

Momentum indicators such as MACD and ADX on the daily chart confirm ongoing bearish strength — the MACD remains negative and the ADX above 30 indicates a strong sell trend. Both RSI and CCI show oversold conditions, while Stoch RSI is fully oversold, underlining the dominant downward momentum but leaving open the possibility for a brief technical rebound. Ichimoku analysis highlights dynamic resistance at $0.00000942, and both the BBP and Awesome Oscillator are consistent with intraday seller dominance and a negative short-term tone.

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, suggesting 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

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