SHIB Faces Uphill Battle as Market Sentiment Remains Bearish
Shiba Inu (SHIB) is currently navigating challenging market conditions, with its price showing minimal gains amidst a broader downtrend. As of June 2, 2025, SHIB is trading at $0.00001281 USDT, a slight increase of 0.70% from its recent low. However, the meme coin remains significantly below its peak of $0.000017, with technical indicators suggesting continued bearish pressure. Key resistance levels are now established between $0.00001400 and $0.00001500, while support is found in the $0.00001250-$0.00001280 range. This article delves into SHIB’s current market dynamics and what traders can expect in the near term.
Shiba Inu (SHIB) Struggles Amid Bearish Market Conditions
Shiba Inu (SHIB) shows tentative signs of stabilization at $0.00001276, eking out a 0.70% gain in recent trading. The meme coin remains trapped in a dominant downtrend, having retreated sharply from its $0.000017 peak. Technical indicators paint a grim picture—SHIB trades below all critical moving averages, with the $0.00001400-$0.00001500 zone now acting as formidable resistance.
The current support band between $0.00001250-$0.00001260 represents the last line of defense for bulls. A breakdown could trigger accelerated selling toward $0.00001200. While the RSI nears oversold territory at 34.30 and MACD shows waning bearish momentum, neither indicator suggests an imminent trend reversal. Market participants await either a decisive breakdown or convincing reclaim of the 9-EMA to determine SHIB’s next directional move.
SHIB Nears Breakout as Key Support Zone Hints at Upside Potential
Shiba Inu (SHIB) is attracting trader attention as its price approaches a historically significant support zone between $0.0000139 and $0.0000144. The meme coin currently trades around $0.0000145, with technical indicators suggesting potential for a 10-20% rebound toward $0.0000159 if support holds.
Moving averages paint a nuanced picture—the 50-period EMA at $0.000014266 and 200-period EMA at $0.000014561 currently bracket the price action. A decisive MOVE above these levels could catalyze fresh buying interest, while the Relative Strength Index (RSI) remains a key watchpoint for momentum confirmation.
SHIB Faces Bearish Pressure Amid High-Volume Selling, Trades Below Ichimoku Cloud
Shiba Inu (SHIB), the second-largest meme token by market capitalization, has retreated into bearish territory after encountering aggressive selling pressure overnight. The token now trades below the Ichimoku Cloud—a technical indicator that gauges momentum and identifies key support and resistance levels.
Sunday’s trading session saw SHIB rejected at the critical 0.00001307 resistance level between 06:00 and 22:00 UTC, with subsequent declines pushing prices to 0.00001274. The breakdown below the Ichimoku Cloud signals weakening momentum, though the token maintains its recently established higher trading range.
Geopolitical tensions and evolving trade policies continue casting shadows across cryptocurrency markets. Despite broader economic uncertainty, SHIB demonstrates notable resilience. The 0.00001275 level has emerged as strong support, reinforced by above-average volume during a 03:00 UTC reversal.
SHIB Price News: Is SHIB Ready to Rebound? Key Signs You Need to See!
Shiba Inu, the second-largest meme coin, has faced significant downward pressure, shedding over 12% of its value in the past week. Despite the decline, SHIB maintains a tenuous hold above the $0.00001260 support level, leaving investors divided on whether the worst has passed or further losses loom.
Market interest in SHIB has waned considerably, with futures open interest plummeting to $166 million from $181 million last month, according to Coinglass data. The lack of whale activity compounds the stagnation—weekly large transactions totaled a mere 3.14 trillion SHIB, a fraction of previous volumes during bullish phases. A faint glimmer of Optimism emerges from the positive funding rate, suggesting some traders anticipate a reversal.
Shibarium, SHIB’s native network, remains underutilized with only $3 million in total value locked. This tepid adoption underscores the challenges facing the meme coin as it struggles to transition from speculative asset to functional ecosystem.
