Shiba Inu (SHIB) rose 28% last week before sellers rejected the rally at $0.00000548. Shiba Inu price prediction for August 2026 is now based on a support of $0.00000446.
Shibarium’s late upgrades give the token a rare set of catalysts for next month. Meanwhile, weekly momentum indicators turned higher for the first time since the March 2024 peak.
Late Shibarium upgrades may take shape in August
The most visible item on the calendar is the Shibarium privacy upgrade created by crypto firm Zama. The rollout, based on fully homomorphic encryption (FHE), targeted the second quarter of 2026 and has fallen behind. This delay makes August a live window for delivery news.
The team also noted progress on the paused Shiba Eternity game and the relaunch of the SHIB Metaverse. Upgrading LEASH v2 with fixed supply and DAO management remains on the roadmap for 2026.
Network data is starting to recover from the lows recorded in July. Shibarium transactions rose 78% in a week, from 661 to nearly 1,180 per day. the Burns The rate also reached a six-month high in July, although daily burns remained minimal against the $589 trillion supply.
SHIB turns six years old at the end of the month, keeping the level of community engagement high. in japan, Rakuten SHIB added a physical collectible to its Real Coin series in mid-July, improving brand visibility.
ETF speculation adds a slower story. Grayscale lists SHIB among eligible assets for spot products, and T. Rowe Price has included the token in its active cryptocurrency ETF. On the macro side, the Jackson Hole symposium in late August is the major risk event for risk assets.
SHIB weekly chart shows third rejection at resistance
On the weekly chart, SHIB spent most of 2026 in decline. The price is trading in the lower half of the VolumeGram bands, and the middle line of the indicator has rejected every recovery attempt. The rejections in early January, May and now July have followed the same scenario.
Last week’s candle of 28% marked the highest weekly volume in months. However, the current weekly candle has already erased 13%. Sellers defended the 0.236 Fibonacci retracement level at $0.00000548, the same area that flipped to resistance during the June wave. sale.
The next barrier above is at the 0.382 retracement near $0.00000636, which rejected the price earlier this year. The only support below remains $0.00000405, a multi-year low.
The weekly Relative Strength Index (RSI) tells a more optimistic story. The index had trended lower below a descending line since its peak in March 2024. This trend line rejected the RSI at least twice before the structure changed.
The RSI broke above the line in March 2026 and confirmed it as support twice in May. It has now posted its second higher high of the year, near 45. A push above 50 will move momentum into neutral territory, with bullish ground beyond.
Shiba Inu price forecast rests at $0.00000446
The daily chart frames the near-term battle. Two strong days in late July amounted to the biggest spike in volume since May. This move also flipped the Supertrend indicator from bearish to bullish.
SHIB is trading at $0.00000461, down 0.7% over the past day, with a market cap of $2.71 billion. The price is now testing the green Supertrend support, which coincides with the previous swing high at $0.00000446.
If this area holds, the bulls could retest $0.00000506 and then $0.00000553. A break above the second level, roughly 20% higher, would open a weekly retracement at 0.382 at $0.00000636, a 38% gain.
However, a loss of $0.00000446 would offer $0.00000410, about 11% less than the current price. A weekly close below this lower bound would push SHIB to new multi-year lows.
The daily RSI has slowed from overbought readings but remains above the 50 level, indicating that buyers are still in control of the short-term trend. A confirmed date for a Shibarium privacy upgrade could speed up any hack. August will reveal whether the momentum shift extends into July pool Or joins the list of failed bounces at resistance.
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