Saad Ullah
Shiba Inu is losing upside momentum after a sharp rejection from a higher-timeframe resistance, with the current structure shifting toward a liquidity-driven downside move. As Crypto Patel noted, recent highs failed to hold, leaving price exposed to a sweep of lower levels.
The Rejection That Flipped SHIB Structure
The chart shows a clean rejection from the 1D order block near $0.000006, followed by a rotation lower. Price attempted to push higher but failed to sustain the move - signaling a loss of bullish control right at a premium level.
Price attempted to break above $0.0000063 and failed - that failure is now the dominant feature shaping the current structure.
This rejection defines the current structure, where the market transitions from attempted continuation into a more defensive position below resistance. Price attempted to break above $0.0000063 and failed, and that failure is now the dominant feature shaping the setup.
Failed SHIB Highs Open the Door Lower
After the rejection, SHIB no longer maintains a bullish structure. Instead, price begins forming lower highs, indicating a shift toward bearish continuation:
- Rejection from the 1D order block near $0.000006
- Failure to break above ~$0.0000063
- Transition into a bearish structure after failed highs
- Liquidity resting below current price
SHIB Price Analysis: $50K in Short Liquidations as Shiba Inu Rebounds to $0.0000063 showed how the $0.0000063 level has been a two-way battleground - the same zone that triggered short liquidations on the way up is now acting as the ceiling that price cannot reclaim.
Liquidity Below $0.00000562 Becomes the SHIB Target
The chart clearly identifies equal lows around $0.00000562, which typically act as a magnet for price due to clustered liquidity. Below that zone, the next draw extends toward approximately $0.00000523 - external liquidity that becomes relevant if the first level gives way.
As long as price remains below the invalidation level near $0.0000063 on a 4H close, the bearish scenario remains intact.
SHIB is currently trading near $0.00000589, sitting below the rejected order block and unable to reclaim it. Shiba Inu Tests $0.0000059 After 13% Rebound in 4 Bullish Sessions provides context for how quickly SHIB can move through these levels once momentum shifts - the same price area that marked a rebound target is now acting as resistance overhead.
Shiba Inu (SHIB) Teeters on Edge of Adding Zero to Price Point reinforces the longer-term structural risk if the current support levels fail to hold - a deeper breakdown would carry implications well beyond the immediate liquidity targets identified on the 4H chart.
Saad Ullah
