Shiba Inu (SHIB) Hits Turbulence: Can the Meme Coin Dodge a Deeper Plunge?

Shiba Inu’s price action is giving holders sweaty palms—key support levels are now in the crosshairs as bears tighten their grip. Forget ’to the moon’; right now, SHIB’s chart looks more like a shaky elevator ride.

Where’s the floor? Traders are eyeing those critical support zones like nervous passengers watching the emergency brake. One wrong move, and this dog-themed asset might just roll over.

Meanwhile, Bitcoin maximalists are smugly sipping coffee—because nothing says ’I told you so’ like a memecoin bleeding out while institutional money plays elsewhere. The irony? SHIB’s volatility still outpaces most traditional assets. Place your bets.

• Shiba Inu (SHIB) is trading at $0.00001276 with a slight 0.70% gain, but the overall trend remains bearish.
• Price is below all key moving averages, reinforcing downward pressure and strong resistance near $0.00001400.
• A support zone is holding between $0.00001250 and $0.00001260, with potential downside toward $0.00001200 if broken.
• RSI hovers near oversold at 34.30, while the MACD shows weakening bearish momentum but no clear reversal yet.

Shiba Inu (SHIB) is currently trading at $0.00001276, showing a modest 0.70% increase in the latest 4-hour session. Despite the minor uptick, the overall market trend remains bearish, with SHIB pulling back from recent highs near the $0.000017 mark.

Downtrend Intact as Shiba Inu Battles Key Levels

The technical setup is clearly tilted to the downside. shiba inu is trading below all key moving averages, including the 20, 50, 100, and 200-period simple moving averages (SMAs), as well as the 9-period exponential moving average (EMA). This alignment supports a negative outlook, with strong overhead resistance forming around $0.00001400 to $0.00001500, a zone where the price has faced repeated rejection.

A support zone is forming between $0.00001250 and $0.00001260, where SHIB is currently trying to hold. If this area breaks, further downside toward $0.00001200 is possible. For bulls to regain control, SHIB WOULD need to reclaim at least the 50 SMA at $0.00001349 and ideally push above the 100 SMA at $0.00001403.

Momentum indicators are showing signs of potential exhaustion in the sell-off. The Relative Strength Index (RSI) is currently at 34.30, hovering just above oversold territory. This suggests that bearish momentum may be weakening, though no clear reversal signal has formed.

The MACD remains bearish, with both the MACD line and signal line in negative territory. However, the histogram is showing a slight contraction, hinting at a slowdown in downward pressure.

The market structure remains weak overall. SHIB is under pressure, with resistance levels keeping the price capped and limited signs of buyer strength. A short-term bounce is possible from current levels, but confirmation through a break above moving averages and stronger RSI/MACD signals is needed before any bullish shift can be expected.

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