Shiba Inu down 5.64%, after strong sell signals hit popular crypto

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Shiba Inu slides 5.64% today

Highlights

SHIB trades at $0.0000080, below the MA-20, MA-50, and MA-200, confirming downside pressure across all major timeframes.
Daily MACD, ADX, and an intraday decline of 5.64% confirm strong bearish momentum, with sellers dominating and oscillators aligning with this outlook.
The weekly trading range is anticipated at $0.0000072–$0.0000088, with less than 20% probability of an upside move and further declines likely if $0.0000072 support fails.

Unified bearish signals as momentum and resistance cap SHIB

The nearest resistance for SHIB is around the Ichimoku Kijun level at $0.00000894, while support is found near today's low at $0.0000079. On the momentum side, daily MACD and ADX both indicate strong bearish momentum, with MACD signaling "Strong Sell" and ADX confirming seller dominance. RSI is at 41.6 and trending lower, with Stoch RSI neutral but nearing overbought territory, and CCI remaining in a neutral zone. BBP reflects minor, short-lived buyer interest but current levels support sellers, in line with the sharp intraday decline and persistent bearish pressure, while oscillators and momentum indicators present a unified bearish outlook.

Weak recovery odds as technicals point to further decline

For the coming week, SHIB is likely to trade within a volatility band of $0.0000072–$0.0000088 around current levels. The probability of a price increase is very low (less than 20%), and technical signals suggest a sustained decline remains more likely as the dominant scenario. The baseline calls for consolidation within this range, and a clear recovery would require a move above $0.00000894. If support at $0.0000072 fails, further downside remains possible.

Anton Kharitonov, expert at Traders Union, highlights persistent downward pressure on Shiba Inu as technical indicators align bearishly across all timeframes. He believes resistance at $0.00000894 remains firm, while momentum and oscillators offer little chance of reversal. The analyst sees a continued risk of decline if $0.0000072 is breached. "With technical signals as firmly bearish as they are, I see little justification for bullish positioning until the chart proves otherwise."

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.