- Shiba Inu price today trades near $0.0000094 after a sharp 6% decline.
- RSI signals oversold, but on-chain data shows $3.2M outflows.
- $0.0000090 support remains critical; a break could open $0.0000080.
Shiba Inu price today is trading near $0.0000094, down more than 6% as fresh selling pressure weighs on the broader crypto market. The token is holding just above its multi-month support at $0.0000090–$0.0000092, a zone that has repeatedly acted as a last defense through 2025.
Shiba Inu Price Extends Decline Under Key EMAs
SHIB Price Dynamics (Source: TradingView)On the daily chart, Shiba Inu remains below all major exponential moving averages. The 20-day EMA stands at $0.0000112, while the 50-day and 100-day EMAs cluster near $0.0000124 and $0.0000132. The 200-day EMA at $0.0000138 highlights the broader downtrend.
A descending trendline from April’s peak at $0.000018 has acted as dynamic resistance throughout the year, rejecting every rally attempt. The Parabolic SAR also signals further downside, sitting above current prices.
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If SHIB closes under $0.0000090, the next downside targets appear at $0.0000085 and $0.0000080, both marking prior liquidity pockets. Price action remains restricted by heavy technical barriers and weak demand recovery.
RSI Signals Oversold Conditions
SHIB Technical Analysis (Source: TradingView)Shorter timeframe charts show a possible relief setup. On the 3-hour chart, RSI is near 25, signaling oversold conditions that could support a rebound. However, the Supertrend indicator remains bearish, with resistance around $0.0000097 blocking recovery attempts.
For bulls to regain momentum, SHIB must reclaim $0.0000098–$0.0000105. A close above this zone would attract momentum traders and restore short-term neutrality. Until then, the risk remains tilted lower.
On-Chain Data Shows $3.2M Net Outflow
SHIB Netflows (Source: TradingView)As per Coinglass data, netflows from October 17 shows Shiba Inu recorded around $3.2 million in net outflows, reflecting continued selling activity. Outflows have been persistent since mid-September, coinciding with SHIB’s breakdown below $0.0000108.
Investor rotation into larger assets like Bitcoin and Ethereum has added to the drag, with only brief inflow spikes that quickly faded. Analysts note that a reversal would require sustained inflows of $10–$15 million, coupled with rising open interest, to confirm accumulation. For now, persistent outflows highlight weak confidence.
Technical Outlook For Shiba Inu Price
Resistance is seen at $0.0000098 and $0.0000105, followed by stronger caps at $0.0000112 and $0.0000124. A breakout above $0.0000124 would shift bias toward $0.0000138.
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Support sits at $0.0000090, with further zones at $0.0000085 and $0.0000080. A decisive break below $0.0000090 would open the door toward $0.0000078, the lowest range since December 2024. Traders will monitor volume before confirming direction.
Outlook. Will Shiba Inu Go Up?
The next move hinges on whether oversold conditions attract buyers or if persistent outflows deepen the correction. With Shiba Inu price today below all major EMAs and negative flows continuing, the near-term outlook remains cautious.
A recovery above $0.0000105 could drive a short rally toward $0.0000112, but failure to hold $0.0000090 risks further downside. Until stronger accumulation and technical confirmation emerge, SHIB’s path of least resistance points lower.
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Source: https://coinedition.com/shiba-inu-price-prediction-shib-slides-as-key-support-faces-selling-pressure/
