SHIB Price Analysis: Shiba Inu Hits the Same Wall Again

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Milcho Atanasov
3 August, 2026, 00:12
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SHIB Price Analysis: Shiba Inu Stalls Below 100-Day SMA as Resistance Holds

Shiba Inu closed the day near $0.00000496 after yet another attempt to clear its 100-day moving average ended the same way as the previous one. The token is still stuck in a tight range and traders are watching the same levels that have already rejected price twice in the last 48 hours.

Two failed breaks at the 100-day SMA

On August 1 SHIB briefly pushed above the 100-day simple moving average, which currently sits around $0.00000509. It could not hold the level by the daily close. Today the high reached roughly $0.00000505 — just a few points short — before sellers stepped back in.

Since July 27 the price has been bouncing between the 50-day SMA near $0.00000447 and that 100-day average. Buyers have done a decent job defending the lower end of the range, but they still have not managed a clean daily close above the resistance that keeps capping the move.

Recent closes look a bit stronger and the lows have held up relatively well. The problem is the lack of higher highs. Until SHIB starts printing those, the chart remains more range-bound than bullish.

Momentum is improving without looking overbought. Daily RSI is sitting around 62 — above its own moving average but still a comfortable distance from the 70 zone. Volume has picked up compared with the quiet middle of July, though it is nowhere near the spike we saw on the July 25–26 rally.

If the token keeps closing below $0.00000509, the nearest support sits near the recent lows around $0.00000460, followed by the 50-day average at $0.00000447.

That July address spike never turned into real demand

Shiba Inu Price Analysis: SHIB Faces Distribution Risk After 37% Rally

CryptoQuant’s active receiving addresses metric jumped to about 76,500 on July 6. Within a couple of days it was back in the low thousands and stayed there for most of the month.

A single-day spike like that can mean almost anything — new retail wallets, exchange deposits, or just existing holders moving tokens around. The data alone does not tell us which. What matters more is the timing: the big jump happened almost three weeks before SHIB’s strongest price move. By the time the rally actually started, receiving activity had already normalized.

A sustained multi-week rise in new addresses, combined with rising transaction value and exchange outflows, would have been far more meaningful. One isolated reading on July 6 simply did not develop into anything lasting.

The real resistance is higher — near $0.00000550

Clearing the 100-day SMA on a daily basis would improve the short-term picture. On the weekly chart the more important level sits higher, at the 0.236 Fibonacci retracement near $0.00000550.

A weekly close above that area would take SHIB out of its current rebound range and open the door toward the 200-day SMA around $0.00000570 and the horizontal resistance near $0.00000580.

None of those higher levels matter until the 100-day average is properly cleared. For now Shiba Inu remains trapped between short-term support and the moving average that has already stopped the last two recovery attempts.