Shiba Inu (SHIB) faces short-term pressure but analysts forecast up to 400% upside by 2026
Shiba Inu (SHIB) recently rose about 7% to ~$0.0000064 but faces short-term downside risk after hundreds of billions of SHIB moved into centralized exchanges, signalling possible selling pressure. Technicals on short timeframes show a ‘death cross’, indicating weakening momentum. Key short-term support sits at $0.0000060 with immediate resistance near $0.0000066; a breach of support could push prices toward $0.0000057 or lower. On-chain data shows increased exchange balances and limited liquidity, which can magnify swings. Despite near-term fragility, some analysts remain bullish long-term: JAVO MARKS projects SHIB could reach $0.00005 by late 2026 (≈+400%), citing bullish RSI divergence and broader catalysts such as an overall crypto market upswing, regulatory clarity, institutional adoption and strong community support. Traders should weigh potential short-term selling pressure and technical weakness against the possibility of a volatile, uneven rally if bullish catalysts materialize.
Neutral
The report highlights both bearish short-term signals and bullish long-term projections, so the overall market implication is neutral. Bearish factors: large inflows of hundreds of billions of SHIB to centralized exchanges and a short-term death cross signal increased selling risk and weakening momentum. These suggest higher probability of near-term pullbacks and amplified volatility given limited liquidity. Bullish factors: analyst forecasts of up to ~400% upside by late 2026, cited RSI bullish divergence, potential macro catalysts (crypto market upswing, regulatory clarity, institutional adoption) and strong community support. For traders, the near-term trade environment favors caution — monitor exchange inflows, support at $0.0000060 and the $0.0000066 resistance for breakout confirmation. Short-term strategies could include risk management (tight stops, position sizing) or range/swing trades anticipating volatility. Long-term investors may view the analyst target as a potential upside scenario but should account for high volatility and dependency on broader market cycles. Historical parallels: large exchange inflows have preceded sell-offs in other memecoins (e.g., DOGE, PEPE) while RSI divergences have sometimes preceded reversals; both outcomes are possible depending on market liquidity and macro sentiment.