Shiba Inu Bottoms Near Historic Lows, but Bears Tighten Grip Below Critical Resistance

Investors are on high alert as Shiba Inu stabilizes perilously close to its all-time low zone, yet bearish momentum remains firmly entrenched below a key resistance level. A leading crypto analyst warns that a decisive break below this floor could trigger a further 10% correction, intensifying selling pressure in the short term. The failure to reclaim support has raised concerns about an extended downtrend, with market participants closely monitoring for a potential capitulation event that may reset the stage for a bullish reversal.

Shiba Inu continues to trade under strong bearish pressure, with its broader market structure still pointing lower despite early signs that selling momentum may be easing. This assessment comes from market commentator Dukes Markets Analysis, who shared the outlook in a recent TradingView publication titled “SHIB: From Meme Queen to New Historic Lows.” Bearish Trend Remains Firmly Intact for Shiba Inu According to Dukes, Shiba Inu remains below both its 50-day and 100-day Exponential Moving Averages (EMAs), two widely used indicators for identifying the prevailing market trend.

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