SHIB news live: Shibarium upgrade fuels ecosystem — breakout needs move above 0.00000960

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Shiba Inu rises 1.28% today to 0.000009

Highlights

Shiba Inu's ecosystem launched the Zama public testnet, advancing plans for full on-chain privacy features within the Shibarium Layer-2 network.
Shibarium is positioned to become a privacy-focused EVM Layer-2, aiming to attract DeFi, gaming, and governance projects by enhancing user data security.
The upgrade is intended to boost Shibarium’s utility and adoption among both developers and institutional participants.

Shibarium upgrade boosts privacy focus amid drive for institutional adoption

The Shiba Inu ecosystem revealed a major upgrade to its Shibarium Layer-2 network, targeting the introduction of full on-chain privacy features. The Zama public testnet has launched, signaling preparations for Shibarium to become a privacy-oriented EVM Layer-2 network that fosters DeFi, gaming, and governance projects while safeguarding user data. This initiative is designed to boost Shibarium’s utility and adoption among developers and institutions.

Mixed momentum and resistance at MA-50 as technical signals diverge

SHIB is showing a mixed technical setup. The price trades above its MA-20 but remains beneath both the MA-50 and MA-200, signaling a short-term positive bias amid longer-term downward pressure. Dynamic resistance stands at the MA-50, with Ichimoku Kijun (0.00000894) offering immediate support. Momentum readings are indecisive: the daily MACD signals a strong sell, ADX shows a sell bias, RSI is oversold at 46.6, CCI is neutral, and Stoch RSI is overbought at 100, reflecting stark divergence. Bull/Bear Power (BBP) suggests intraday buyer dominance, while the Awesome Oscillator holds neutral, leaving no clear directional conviction.

Rangebound trading expected as upside breakout faces weak trend

SHIB is likely to trade sideways in the short term, confined to a typical volatility band between 0.00000844 and 0.00000871. The chance of a notable upward move is low — less than 20% — as key weekly trend indicators show no bullish signals. A breakout above 0.00000960 would be required for an upside scenario, while a sustained drop below 0.00000844 could trigger further declines. The baseline expectation is continued rangebound trading within this corridor.

Viktoras Karapetjanc, Traders Union expert, sees SHIB holding ground above its short-term moving average, but still trading in a range capped by mid- and long-term resistance. He notes the launch of Shibarium’s Zama testnet as a positive fundamental shift, setting the stage for growing adoption and privacy features in the ecosystem. Despite strong buyer signals intraday, he points out that technical indicators remain mixed and the upside probability is low until $0.00000960 is breached. The analyst believes wider market sentiment and the new Shibarium upgrade could support long-term prospects once momentum returns. "If SHIB can consolidate above $0.00000960 on the back of ecosystem upgrades, I see room for upward movement in the next cycle."

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

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.