SHIB Struggles Under Bearish Pressure as Key Support Levels Fail to Hold

Shiba Inu (SHIB), the second-largest meme token by market capitalization, has faced significant bearish pressure, dropping below critical technical indicators. The token failed to maintain its position above the $0.00001307 resistance level and has now fallen below the Ichimoku Cloud, a key trend-direction signal. This downturn comes amid heightened geopolitical tensions and shifting trade policies, which have added to the selling pressure. High-volume selling has further exacerbated the decline, pushing SHIB into bearish territory. Investors are closely watching for potential rebounds or further declines as the market reacts to these developments.

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 signals trend direction—after failing to hold above key resistance at $0.00001307.

Geopolitical tensions and shifting trade policies continue to cast shadows across cryptocurrency markets. Despite demonstrating resilience in recent weeks, SHIB’s upward momentum has stalled as global macroeconomic uncertainty weighs on investor sentiment. The token faces stiff resistance while attempting to consolidate within its newly established higher range.

Technical analysis reveals critical levels: selling volume spiked between 16:00 and 22:00 UTC at the $0.00001307 resistance zone, while support emerged NEAR $0.00001275 during a 03:00 reversal. Market participants now watch for either a breakout above the Ichimoku Cloud or further downside continuation.

Shiba Inu Price Prediction June 2025: Will SHIB Hit $0.000020?

Shiba Inu’s price has faced a 4% decline over the past month, yet it holds firm above the $0.00001250 support level. Market watchers eye a potential bullish reversal, with the monthly high pegged at $0.00001770. The memecoin’s sideways trading pattern since April hints at consolidation.

On-chain metrics reveal a drop in SHIB Futures Open Interest to $166 million from $181 million in early May, signaling reduced market participation. Despite this, the OI-weighted funding rate has turned positive, suggesting growing bullish leverage among traders.

Year-to-date, SHIB remains down 39.48%, with its $7.56 billion market cap accounting for 0.2299% of the total crypto market. The triangle formation on its chart sets the stage for a decisive breakout or breakdown in the coming weeks.

Shiba Inu (SHIB) Shows Tentative Signs of Stabilization Amid Market Uncertainty

Shiba Inu’s 12% weekly decline has stabilized near the $0.00001260 support level, sparking debate among traders about whether the meme coin has found its floor. Futures open interest tells a concerning story - dropping 8.3% to $166 million since last month as speculative interest wanes.

Whale activity paints an equally cautious picture. The largest SHIB transactions this week totaled just 3.14 trillion tokens, a fraction of previous volumes during bullish periods. Yet a subtle bullish signal emerges: positive funding rates suggest some derivatives traders anticipate upside.

The Shibarium network’s sluggish adoption compounds SHIB’s challenges. With only $3 million in total value locked, the layer-2 solution has yet to meaningfully impact SHIB’s utility or demand dynamics in the broader $212 billion DeFi ecosystem.

How Much Shiba Inu You Need to Buy Today to Retire by 2040

Early crypto adopters have reaped life-changing gains, with shiba inu (SHIB) emerging as a standout performer during the 2020/2021 bull run. Multiple reports detail ordinary workers—from truck drivers to warehouse managers—achieving million-dollar exits after modest investments. One case saw a $650 position balloon to $1.7 million; another turned $8,000 into $1.5 million within a year.

Retirement thresholds vary by lifestyle and geography. While metropolitan luxury seekers may target seven-figure portfolios, others find freedom with less. SHIB’s volatility underscores the high-risk, high-reward nature of such bets—its 2021 peak remains unmatched, leaving future performance speculative.