Shiba Inu Faces More Downward Pressure After Bearish Breakdown
- Price Downtrend: Shiba Inu (SHIB) has seen its price drop from $0.0000078 to $0.0000052, a decline of approximately 33%, breaking below a crucial support channel and placing sellers in control, indicating a continuation of the downtrend.
- Technical Indicator Analysis: The 4-hour chart shows SHIB trading sideways between $0.0000052 and $0.0000056, with the current price around $0.00000532, close to the 200-period EMA; a drop below $0.0000052 would confirm further bearish movement.
- Poor Long-Term Performance: On the daily chart, SHIB fluctuates around $0.00000499, marking a nearly 14% decline from the 100-day simple moving average of $0.00000581, indicating a persistent weakness since failing to break above this average since late 2025.
- Supply Reduction vs. Demand Challenges: Although the SHIB community has burned over 410 trillion tokens, the circulating supply remains around 589 billion, suggesting that supply reduction alone cannot quickly reverse the situation, as the token faces a conflict between bearish technical trends and bullish fundamental support.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000354 | 0.00000392 | 0.00000434 | 0.00000472 | 0.00000514 | 0.00000552 | 0.00000594 |
| Fibonacci | 0.00000392 | 0.00000422 | 0.00000441 | 0.00000472 | 0.00000502 | 0.00000521 | 0.00000552 |
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