Bearish technical setup — Shiba Inu gains 1.92%

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Shiba inu rises 1.92% today

Highlights

SHIB trades at 0.0000080, remaining well below its MA-20 (0.00000907), MA-50 (0.00001000), and MA-200 (0.00001226), indicating persistent selling pressure.
Momentum indicators including MACD, ADX, and negative Bull/Bear Power signal dominant bearish momentum, while RSI (29.62) and CCI (-170.76) show oversold conditions.
SHIB is likely to consolidate between 0.00000736 and 0.00000833 with less than 20% probability of upside; downside risk remains dominant unless price breaks above Kijun resistance (0.00000899).

Firm bearish momentum as daily signals confirm intraday seller control

SHIB’s technical setup is bearish across all daily indicators. Selling pressure is reinforced by negative MACD, ADX, and all major moving averages sloping down. Momentum remains weak with RSI at 29.62 and CCI at -170.76, both in oversold territory, while Stoch RSI also signals oversold conditions. Bull/Bear Power is firmly negative, reflecting dominance by intraday sellers, and the Awesome Oscillator stays in negative territory, affirming downside bias.

Downside risk prevails amid weak rebound prospects and range-bound trade

Looking ahead, SHIB is likely to consolidate within a narrow 0.00000736 to 0.00000833 range, with less than a 20% chance of a meaningful rebound. Downside risk prevails unless buyers push price above the 0.00000899 resistance, which is improbable based on current trends. A break below 0.0000078 could accelerate losses toward fresh weekly lows. The base case favors continued sideways-to-lower price action supported by prevailing trend and momentum signals.

Viktoras Karapetjanc, expert at Traders Union, sees Shiba Inu trading deep in oversold territory, with technical and momentum signals firmly against a rebound. He believes that, despite the bearish structure, persistent negative sentiment may have already forced weak hands out. Macro and sentiment factors could shift, providing a catalyst if resistance at 0.00000899 is reclaimed. For now, the base scenario favors continued sideways or lower action unless buyers return. "A constructive turnaround is possible if buyers step in forcefully, but until then, patience and discipline remain crucial."

Previously it was noted that the technical and momentum signals point to a continuation of the bearish trend, with only limited, potentially brief rebounds unless underlying momentum visibly shifts. Last time we reported that the asset was expected to oscillate in a $0.00000715 to $0.00000813 range over the coming week.

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.