SHIB Faces Bearish Pressure Amid Weak Momentum and Fading Volume
Shiba Inu (SHIB) is under mounting technical pressure as the token trades below its 50, 100, and 200 exponential moving averages (EMAs), hovering near $0.00001195. The recent break below the critical support level at $0.00001231 has sparked renewed concerns of a deeper decline, especially as trading volume drops and buying momentum weakens.
Technical Breakdown: SHIB Loses Key Support Zone
SHIB’s failure to hold above the $0.00001231 support marks a significant breakdown in short-term structure. The asset has now shifted into a bearish territory, trading beneath all major EMAs—a setup typically associated with continued downward pressure.
The price is now flirting with $0.00001195, a minor support area that could soon give way if buyers fail to step in with volume. The absence of strong inflows suggests a lack of conviction among bulls, while bears remain in control.
Volume and Momentum Indicators Signal Caution
One of the most telling signs of Shiba Inu’s current weakness is the steady decline in trading volume. The shrinking participation implies traders are moving to the sidelines, possibly awaiting a clear catalyst or trend confirmation. Without significant volume to support a bounce, any price recovery is likely to be short-lived.
Momentum indicators also point to a lack of bullish strength. RSI has shifted toward neutral-to-bearish territory, and the MACD remains below the signal line, reinforcing the idea that sellers dominate the market for now.
Potential Scenarios: Breakdown or Bounce?
If $0.00001195 fails to hold, the next logical support zone lies near $0.00001130–$0.00001110, a region that previously acted as a demand zone during past consolidations. A clean break below this range may open the door to further downside pressure.
On the flip side, a strong catalyst—such as ecosystem developments, whale accumulation, or a broader crypto market rebound—could spark a technical reversal, pushing SHIB back toward $0.00001231 and potentially testing the 50 EMA as resistance.
Conclusion
Shiba Inu remains in a vulnerable technical position, with multiple EMAs acting as resistance, volume declining, and key support levels broken. Unless a solid bullish trigger emerges, SHIB may continue to drift lower in the near term. Traders should watch $0.00001195 closely, as it may determine the token’s next major move.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.