Shiba Inu Holds Key 20-Day SMA Support: What’s Next for SHIB?

Shiba Inu holds firm at the 20-day SMA as buyers defend key support but weakening momentum and mixed futures flows have begun raising questions.

Shiba Inu is trading at $0.00000847, reflecting a 4.0% decline over the past 24 hours. Looking at the price action, SHIB moved between $0.00000847 and $0.00000887 during the day. The market cap stands at $4.99 billion, supported by a circulating supply of 589.24 trillion tokens. Trading activity remains steady, with $124.67 million in 24-hour volume, indicating ongoing participation despite the downward pressure.

Over the broader short-term window, the trend stays negative, with SHIB posting a 4% decline over 24 hours and a 3.0% drop over the past 7 days, signaling persistent softness. Mid-term performance offers a contrast, as SHIB holds a 7.5% gain over 14 days, although this momentum fades once extended to the 30-day figure at 6.2%. Will Shiba Inu jump off its 20-day SMA support?

Shiba Inu Price Analysis

Shiba Inu’s latest daily chart shows price sliding back toward the middle of the Bollinger Bands after failing to hold momentum above the mid-band level. The price is holding on the 20-day SMA at $0.0000085, showing that buyers are still defending this short-term trend line despite the recent loss of momentum.

However, the upper band has started to curl downward, reinforcing the weakening momentum, although sellers are not accelerating. Immediate resistance now forms at this band, situated at 0.00000917. On the downside, support is visible around 0.00000775, where price previously breached the lower band before rebounding.

Momentum indicators mirror this weakness. The Chande Momentum Oscillator (CMO) sits at -4.80, reflecting negative sentiment and confirming that bullish strength has faded following the recent failed breakout attempt. The oscillator’s inability to push back into positive territory highlights the lack of sustained buying pressure.

Uneven Momentum Among SHIB Traders

Meanwhile, futures flow data reveals a market caught between cautious accumulation and steady outflows. The 4-hour futures flow shows a relatively balanced market, with $2.29 million in inflows against $2.23 million in outflows, resulting in a modest net inflow of $59.02K. This reflects a +113.01% net change.

The Net Inflow/MCap ratio of 0.0012% indicates that the movement is not yet strong enough to meaningfully shift market structure but does show a mild bullish bias within the 4-hour timeframe. 

Additionally, traders recorded $14.31 million in inflows over 24 hours, while outflows reached $15.78 million. The net change registers at –121.15%, a sign that selling pressure intensified over the broader daily window, with traders reducing exposure rather than building new long positions.