Shiba Inu price prediction: More upside ahead? SHIB gains 2.62% on positive news

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Shiba Inu rises 2.62% today

Highlights

SHIB was added to Japan's Green List, enhancing its regulatory status and increasing accessibility on Japanese exchanges.
Coinbase launched 24/7 regulated Shiba Inu futures trading using the '1k SHIB index,' integrating SHIB into a formalized regulatory structure.
SHIB's ecosystem daily burn rate surged by 1,152%, with nearly 16 million tokens permanently removed from circulation, supporting ongoing supply reduction.

Access expands and supply shrinks as regulatory moves fuel optimism

SHIB was recently added to Japan's Green List, enhancing its accessibility and regulatory standing on Japanese exchanges. Coinbase has introduced 24/7 regulated Shiba Inu futures trading under the '1k SHIB index,' bringing the token into a more structured regulatory framework. The daily burn rate within the ecosystem surged by 1,152%, with nearly 16 million tokens permanently removed from circulation, supporting ongoing supply reduction and ecosystem activity.

Sustained selling pressure as major averages and indicators stay bearish

Technical analysis reveals ongoing bearish pressure, with the price remaining below all key moving averages. The Ichimoku Kijun resistance stands at 0.00000894, while the HMA provides dynamic support at 0.00000774. Daily momentum indicators remain negative: MACD and ADX reflect weak downside momentum, RSI is at 39.5 with a bearish tone just above oversold, and CCI signals mild oversold conditions. Stoch RSI is neutral on the daily chart but shows short-term oscillations on lower timeframes, while BBP and the Awesome Oscillator both point toward sustained selling pressure.

Limited upside as consolidation persists within narrow range

Over the short term, SHIB is expected to range sideways between 0.00000804 and 0.00000831, with prevailing weekly indicators suggesting a less than 20% probability of a price increase. The baseline scenario is continued consolidation within this band. A bullish breakout would require a close above the 0.00000894 resistance level, while a move below 0.00000804 could trigger further declines.

Viktoras Karapetjanc, expert at Traders Union, sees Shiba Inu’s fundamentals strengthening with expanding regulatory support and supply reductions. He believes the token’s inclusion on Japan’s Green List and Coinbase's new futures instruments will drive more institutional and retail interest. Although technicals remain bearish, macro and sentiment factors are improving in the background. 'If Shiba Inu can reclaim the $0.00000894 level, I expect positive momentum to accelerate, but for now, consolidation looks likely.'

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.