![\"Shiba](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/05\/image-60.png\")
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- Shiba Inu (SHIB) faces short-term pressure from large exchange inflows.<\/li>\n
- The key support lies at $0.0000060, while the immediate resistance lies near $0.0000066.<\/li>\n
- Long-term forecasts project potential gains up to 400%.<\/li>\n<\/ul>\n
Shiba Inu (SHIB) price has seen an uptick, trading at around $0.0000064 after gaining over 7% in 24 hours.<\/p>\n
Despite this movement, short-term dynamics suggest caution.<\/p>\n
A significant portion of SHIB tokens, totalling hundreds of billions, has recently flowed into centralised exchanges.<\/p>\n
Such large inflows often indicate potential selling pressure.<\/p>\n
This means the market could see a downward push if buyers do not absorb the increased supply.<\/p>\n
Adding to the caution, technical indicators point to weakening momentum.<\/p>\n
SHIB recently formed a death cross on shorter timeframes, where a faster-moving average crossed below a slower one.<\/p>\n
This pattern historically signals bearish pressure in the short term.<\/p>\n
![\"Shiba](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/Shiba-Inu-price-analysis.png\")
Shiba Inu chart showing the death cross | Source: TradingView<\/figcaption><\/figure>\n The support near $0.0000060 has become a key pivot point.<\/p>\n
If this level holds, SHIB may stabilise, but a breach could trigger further declines toward $0.0000057 or lower.<\/p>\n
Resistance remains at around $0.0000066, a level that must be cleared for buyers to regain control.<\/p>\n
On-chain trends and market sentiment<\/h2>\n
Beyond price action, on-chain data shows a growing number of tokens being held on exchanges.<\/p>\n
This indicates that many holders are prepared to sell, adding to market uncertainty.<\/p>\n
At the same time, the market has shown resilience.<\/p>\n
Small rallies have occurred even as selling pressure builds, suggesting that some investors remain confident.<\/p>\n
Liquidity is limited, however, which can exaggerate price swings in either direction.<\/p>\n
The short-term picture remains fragile, and momentum is likely to be influenced by market sentiment and broader cryptocurrency trends.<\/p>\n
Long-term Shiba Inu price projections<\/h2>\n
Looking beyond the immediate fluctuations, analysts remain optimistic about SHIB\u2019s potential.<\/p>\n
JAVO MARKS projects that the meme coin could rise as high as $0.00005 by late 2026, which represents an increase of more than 400% from current levels.<\/p>\n
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With $SHIB<\/a>‘s RSI making Higher Lows and its prices making Lower Lows, this is considered a regular bullish divergence in technical analysis and suggests a strong possibility for a bullish reversal!<\/p>\n
A reversal can result in Shiba Inu recovering over 400% into the $0.000035 areas! pic.twitter.com\/mzD0SFX2m2<\/a><\/p>\n