Altcoins News

Story: Shiba Inu’s Price Pressured After Sell-Off Despite Progress in Blockchain Utility

By Dan Saada

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Privacy-Focused Upgrade Boosts Long-Term Vision. One of the most significant updates in the Shiba Inu ecosystem is the introduction of the Shib…

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Short-Term Technical Picture: Can SHIB Rebound?. At the time of writing, SHIB is trading at $0.00001171—down 1.

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What Levels Matter Now?. Traders and analysts are closely watching a few key price levels. A move above $0.

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Market Sentiment Remains Mixed. Despite the fundamental growth of the Shiba Inu ecosystem, market sentiment remains cautious in…

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Utility Development May Drive Long-Term Demand. While SHIB’s short-term price outlook remains uncertain, the broader narrative continues to evolve…

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Shiba Inu (SHIB), once known purely for its viral popularity, is undergoing a significant shift in purpose—moving beyond its coin status into a more utility-driven blockchain…

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A sell-off involving 211 million SHIB tokens took place just yesterday, sending a wave of caution through the community.

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One of the most significant updates in the Shiba Inu ecosystem is the introduction of the Shib Alpha Layer, which is currently in its beta phase.

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FHE allows smart contracts to compute on encrypted data without revealing the underlying information—an innovation that could be transformative for decentralized applications…

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Although the update adds credibility to the project’s long-term roadmap, the market hasn’t yet reflected that optimism.

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At the time of writing, SHIB is trading at $0.00001171—down 1.36% in the last 24 hours and over 12% on the weekly chart.

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On the 4-hour chart, Shiba Inu remains stuck below the 20-period Simple Moving Average (SMA) of the Bollinger Band at $0.00001194.

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The Relative Strength Index (RSI) is currently at 42.30 and gradually moving upward. While still below the neutral 50 level, this RSI behavior suggests the token may be exiting…

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Traders and analysts are closely watching a few key price levels. A move above $0.00001194 could serve as a preliminary bullish confirmation.

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On the flip side, if SHIB slips below $0.00001137, the likelihood of retesting the psychological support at $0.00001100 increases.

The Currency Analytics

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