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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.

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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.

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