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Shiba Inu stands above the daily MA 200, with a weekly gain of 22%

2026-08-26 12:44:59
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SHIB Inu remained above the daily line MA200, with a weekly increase of 22%.

Shiba Inu, a well-known dog-themed cryptocurrency, was basically flat today, trading at US$0.000054. This price is in line with the daily 200-day moving average (MA200), a technical indicator that has been resistance since September 2025.

Technical Progress and Key Indicators

Observing the daily price chart of Shiba Inu coins, the K-line form shows a small positive line (or small negative line) with almost invisible entities and a long upper shadow line. This pattern suggests growing tensions between buyers and sellers, with long upper shadow lines revealing that buyers have tried to push up prices during the intraday session.

In today's trading, the price of Shiba Inu once rose to a high of US$0.000057, and then the seller suppressed the price to US$0.0000535. Prices have since rebounded above that level, reflecting fierce competition between the long and short sides.

The cross-star pattern appearing on the current chart means that the market is in a state of hesitation. Neither buyer or seller has established a clear dominant position, and once the direction of the market becomes clear, this stage may herald greater volatility.

Although the cross-star pattern causes uncertainty in the short-term direction, technical indicators show that the buyer has a slight advantage. The daily Relative Strength Index (RSI) is at 63, which analysts believe is conducive to bullish sentiment.

For Shiba Inu, maintaining above MA200 (US$0.000054) is considered a key condition. If this level can be transformed from resistance to support, it could become a springboard for the next round of price movements.

Price Targets and Resistance Levels

If Shiba Inu holds on to this key support, it may target the next resistance levels of US$0.0000622 and US$0.0000066 in the short term. If momentum accelerates, a larger increase could push the price to $0.00013, removing a zero from its valuation.

Support/Resistance Level| Price level
support level (MA200)| US$0.000054
First Target| US$0.0000622
Second Target| US$0.000066
Expand rising target| US$0.000013

Recent price movements and market sentiment

Shiba Inu has risen 22% over the past week, thanks to the price surge from US$0.0000492 to US$0.00000622 on Saturday. During this rally, prices surged by 40%.

Overall cryptocurrency market sentiment remains strong, with the Crypto Fear and Greed Index currently standing at 81, the highest level this year.

Note: MA200 refers to the 200-day moving average and is a widely used technical analysis indicator that helps traders identify the long-term trend direction of asset prices and key support or resistance levels.

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