SHIB today news: sideways action expected — support at 0.00000769, upside remains limited

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Shiba Inu rises 0.63% today

Highlights

SHIB trades well below its MA-20 (0.00000901), MA-50 (0.00000991), and MA-200 (0.00001224), reinforcing bearish pressure across all timeframes.
Daily technicals show persistent weakness: MACD and ADX indicate a sell bias, while oversold oscillators (RSI 31.6, Stoch RSI 9.4, CCI –134) signal short-term exhaustion.
SHIB is expected to remain within 0.00000769–0.00000810 for the next five days, with less than 20% probability for a price increase and heightened risk of further decline if 0.00000769 breaks.

Bearish signals confirmed as momentum and resistance converge

SHIB continues to show weakness, with the Ichimoku Kijun forming dynamic resistance at 0.00000899 and short-term support just below at recent session lows within today’s range. Daily momentum signals confirm a bearish bias: the MACD and ADX are both in sell mode, while oscillators indicate oversold conditions with RSI at 31.6, Stoch RSI at 9.4, and CCI at –134. Bull/Bear Power (BBP) remains negative, pointing to sustained seller dominance intraday. The Awesome Oscillator also reinforces the downside, though mild intraday strength toward the highs suggests any upward move is likely corrective in nature.

Sideways bias and low upside odds define short-term scenario

For the next five trading days, SHIB is expected to trade within a range of 0.00000769 to 0.00000810, with the likelihood of a substantial price increase remaining very low (less than 20%) due to dominant bearish signals on the weekly timeframe. The primary scenario remains a sideways move near current values. Should the price break above 0.00000900, it could invite renewed bullish activity; conversely, a move below 0.00000769 may trigger a deeper pullback.

Viktoras Karapetjanc, expert at Traders Union, sees persistent bearish sentiment dominating SHIB, with key technical signals confirming seller control. He notes that fundamental and macro factors are not offering any immediate catalysts to reverse this trend. Short-term sideways action is likely as long as SHIB trades below resistance at 0.00000900. The analyst remains constructively optimistic but cautious, watching for an upside trigger. "If SHIB can break and sustain above 0.00000900, I expect bullish momentum to return, but for now, patience is key as the range persists."

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.