Shiba Inu (SHIB) at Risk of Further Decline. Here’s Why

Shiba Inu remains under pressure as selling activity continues to outweigh demand as a result of the latest market-wide pullback. Analysts are observing short-term price behavior, and they believe that SHIB is at risk of recording further losses unless there is a clear change in momentum.

Recent trading activity shows that sellers are still dominating, keeping the token within a broader bearish setup. Although the token made several attempts at recovery, SHIB still struggled to establish strength above key resistance levels, raising questions about near-term downturn risk.

What The Chart Says

Market analyst HolderStat recently reviewed SHIB’s short-term chart structure and emphasized that price action remains constrained by a downward-sloping resistance line. This trendline has consistently rejected the token’s attempts at upward movement. This rejection is usually a sign of ongoing selling pressure and a lack of sustained bullish participation.

Earlier this week, SHIB declined sharply in line with broader market weakness, falling toward the $0.0000055 region before attracting limited buying interest. Although the price rebounded modestly from this level, the recovery stalled below resistance around $0.0000065, signaling a lack of momentum to reverse the prevailing trend.

Further analysis indicates that while a minor upward-sloping support has formed beneath current price levels, it is not strong enough. The narrowing range between this support and overhead resistance suggests compression, often associated with weakening demand rather than accumulation in bearish conditions.

Possible Downside 

According to HolderStat, the descending resistance continues to act as a barrier to recovery, reinforced by multiple historical rejection points. If SHIB remains below this level, the analyst expects sellers to maintain control, potentially pushing the price back toward the $0.0000055 zone that marked the recent local low.

Only a sustained move above the descending resistance would invalidate this outlook. A confirmed breakout could signal a short-term shift in structure and allow for a reassessment of momentum. Until there is confirmation, the risk of further decline is high.

SHIB’s weakness has been obvious in recent sessions. After trading near $0.0000062, the token lost traction and slipped toward the $0.0000060 area, emphasizing bearish sentiment. The token is currently trading at $0.000006029, showing a slight 1.33% decline over the past 24 hours and an 11% decline in the last 7 days.

On a broader timeframe, the token has declined by 29.97% over the past month and is down 13.2% year-to-date. Immediate resistance is expected at $0.0000065, followed by higher levels at $0.00000705 and $0.00000847. On the downside, $0.00000562 remains the nearest support to observe.

Shiba Inu remains technically vulnerable, and sellers are in control of the short-term trend. Until price action shows clear strength above resistance, market participants should remain cautious.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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