Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Shiba Inu’s Focus on Privacy Aims to Draw DeFi Interest Amid Price Challenges

Shiba Inu’s Focus on Privacy Aims to Draw DeFi Interest Amid Price Challenges

Bitget-RWA2025/11/28 20:12
By:Bitget-RWA

- Shiba Inu (SHIB) stabilizes near $0.00000851, with traders monitoring $0.000008390 support and $0.000008840 resistance amid a descending channel pattern since early 2025. - A 1.7% weekly gain contrasts with a 17.4% drop from its 14-day high, while $132.8M trading volume highlights uncertainty despite a privacy-focused Shibarium upgrade integrating Zama's FHE technology. - Technical indicators show fragile equilibrium, with bearish EMAs and $380K net outflows reinforcing distribution trends, though analys

Shiba Inu (SHIB) Price Holds Steady Amid Market Uncertainty

Shiba Inu (SHIB) is currently trading around $0.00000851, with investors watching closely to see if it can maintain support at $0.000008390 and challenge resistance at $0.000008840. The token’s price has been moving within a downward channel since early 2025, reflecting a period of cautious trading. Technical signals indicate a delicate balance, as buyers struggle to regain important Fibonacci retracement levels, while momentum indicators hint at tentative optimism.

Recent Performance and Technical Overview

According to recent analysis, SHIB has managed a 1.7% uptick, offering a slight recovery during a volatile period that also saw Bitcoin dip below $83,000. Despite this minor gain, SHIB remains down 7.2% over the past week and is still 17.4% beneath its two-week high. Trading volume stands at $132.8 million, highlighting ongoing market indecision. The Chande Momentum Oscillator (CMO) is near -30, a level often linked to oversold conditions, but not yet signaling a reversal. Analysts emphasize that a decisive move above the 1.0 Fibonacci level at $0.00000880, followed by a retest of the 0.786 retracement at $0.0000088, would be necessary to spark renewed bullish interest.

SHIB Price Chart

Shibarium Network Upgrade and Ecosystem Expansion

The Shiba Inu development team has unveiled a new privacy-oriented upgrade for the Shibarium layer 2 network, incorporating Fully Homomorphic Encryption (FHE) technology from Zama. This enhancement is designed to boost on-chain privacy, enabling transactions and smart contracts to function without exposing sensitive data. While this upgrade is part of a long-term strategy, its immediate effect on SHIB’s price remains uncertain. The technical roadmap includes integration with the Ethereum mainnet by late 2025 and plans for broader EVM chain compatibility by mid-2026. Experts suggest that these advancements could attract developers from decentralized finance, gaming, and enterprise sectors, broadening SHIB’s appeal beyond its meme coin origins.

Bearish Trends and Resistance Levels

Despite these developments, bearish indicators persist. SHIB continues to trade below its 20-day, 50-day, and 200-day exponential moving averages (EMAs), signaling ongoing downward pressure. Recent data shows $380,000 in net outflows on November 26, extending a three-month trend of distribution. This pattern, combined with weak inflows, has reinforced the prevailing downtrend. The Supertrend indicator at $0.00000954 serves as a significant resistance point; failure to close above this level would likely keep sellers in control.

Mixed Market Sentiment and Short-Term Outlook

Market forecasts remain divided. Some analysts caution that incomplete technical signals and a neutral Relative Strength Index (RSI) of 45.28 suggest SHIB may continue consolidating through December 2025. Others identify $0.0000088 as a key consolidation zone, with a breakout above $0.0000093–$0.0000095 potentially paving the way for modest gains. Broader market volatility, including outflows from Bitcoin ETFs, has dampened risk appetite. However, some experts argue these outflows are part of routine portfolio adjustments rather than a fundamental shift in institutional interest.

Key Factors to Watch Moving Forward

  • Confirmation of a breakout above $0.000008840
  • Sustained inflows to offset ongoing distribution
  • The broader crypto market’s response to macroeconomic trends

If SHIB fails to recover the 0.786 Fibonacci level at $0.00000880, it could revisit critical support near $0.000007880. On the other hand, a strong move above $0.000009160 may revive bullish momentum, provided liquidity improves. For now, SHIB remains a highly volatile asset, with community sentiment and token supply dynamics playing a larger role than underlying fundamentals.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana News Today: SEC Blocks Staked SOL ETF, Highlighting Ongoing Tension Between Crypto Innovation and Regulatory Oversight

- SEC blocks Staked SOL ETF, reflecting regulatory scrutiny of staking mechanisms in crypto markets. - Solana ETFs saw $53M inflows on Nov. 25 but faced $8M outflow days later amid market volatility and declining on-chain activity. - VanEck withdraws BNB staking plans, citing SEC risks after recent guidance raised legal uncertainties over staking as an investment contract. - Regulatory ambiguity creates fragmented crypto ETF landscape, with Solana trading near $140 as key price threshold amid mixed technic

Bitget-RWA2025/11/29 08:00
Solana News Today: SEC Blocks Staked SOL ETF, Highlighting Ongoing Tension Between Crypto Innovation and Regulatory Oversight

Zcash Latest Updates: ZEC Faces $380 Test—Will Grayscale’s ETF Halt the Decline?

- Zcash (ZEC) tests critical $380 Fibonacci support as price falls below $480, triggering bearish technical signals like a double-top pattern. - Grayscale's proposed Zcash ETF (ZCSH) aims to institutionalize ZEC access but risks amplifying volatility if demand exceeds supply. - Fed's cautious rate-cut projections and declining on-chain activity (open interest, volume) highlight tension between macro optimism and weak near-term fundamentals. - Templar Protocol's ZEC-native lending feature enhances DeFi util

Bitget-RWA2025/11/29 07:26
Zcash Latest Updates: ZEC Faces $380 Test—Will Grayscale’s ETF Halt the Decline?

Bitcoin News Update: Ark Invest Makes Daring Moves in Crypto and AI Despite Market Slump

- Ark Invest spent $88M on crypto assets in November 2025, defying market declines by buying undervalued tech/crypto equities. - Major purchases included $25M in Coinbase , Circle , and Block shares, now holding 5.22% of ARKK's portfolio. - CEO Cathie Wood contrasted current AI/crypto growth with past bubbles, viewing downturns as strategic buying opportunities. - The firm also invested $56M in Alphabet and $29.4M in AI firm CoreWeave , emphasizing sector readiness over speculation. - With Bitcoin near $87

Bitget-RWA2025/11/29 07:10

FCA's Crypto Sandbox Strives to Foster Innovation While Safeguarding Investors

- Coinbase and Kraken join UK FCA's crypto sandbox to test new disclosure rules, aiming to boost transparency and align with global standards. - FCA's 2026 roadmap mandates detailed risk assessments for unbacked crypto, stablecoins, and tokenized assets, with Eunice developing compliance templates. - U.S. regulators and banks like U.S. Bancorp parallel efforts, testing stablecoins and emphasizing structured oversight to mitigate depegging risks. - Coinbase's regulatory engagement spans FCA, SEC, and global

Bitget-RWA2025/11/29 07:10
FCA's Crypto Sandbox Strives to Foster Innovation While Safeguarding Investors