Sergey Diakov
Shiba Inu is losing momentum on the 4-hour timeframe, with price action shifting into a bearish continuation after a clear rejection at a higher-timeframe resistance zone. As TheCryptoBasic noted, SHIB faced rejection near the $0.0000060 level - a zone that aligns with the previous week's high on the chart. The structure now points toward lower liquidity targets, making the current range a critical area for short-term direction.
SHIB Rejection at $0.0000060 Shifts Market Control
This rejection marked a clear turning point, cutting off upward momentum and preventing any sustained breakout.
Following that move, price failed to reclaim the resistance area and instead began forming lower highs, signaling a shift from attempted recovery into a more bearish structure.
The inability to break and hold above the order block reinforces that sellers are actively defending this region.
The inability to break and hold above the order block reinforces that sellers are actively defending this region. Each attempt to push higher has weakened, leaving the SHIB chart with a clear sequence of declining highs rather than signs of recovery.
A Structure Now Leaning Lower Toward $0.00000523
The current price action shows consolidation beneath resistance rather than strength. At the same time, equal lows have formed around $0.00000562 - a key liquidity zone identified on the chart. In technical terms, this type of structure often attracts price, as liquidity tends to build below such levels.
Equal lows near $0.00000562 are acting as a clear liquidity magnet - and when price consolidates beneath resistance with declining highs, the path lower becomes the path of least resistance.
If this structure holds, the path lower becomes increasingly likely:
- Equal lows near $0.00000562 acting as a liquidity target
- A deeper draw toward $0.00000523 marked as the next level below
- Continued failure to reclaim the resistance zone near $0.0000060
This aligns with broader technical observations that weakening structures and repeated rejections typically precede downside continuation. After Shiba Inu tested $0.0000059 following its prior rebound, the inability to sustain gains above that level added further weight to the bearish case.
The $0.00000630 Level That Changes Everything for SHIB
Despite the bearish setup, the structure is not yet confirmed beyond reversal. The chart clearly outlines invalidation above $0.00000630. A 4-hour close above this level would break the sequence of lower highs and signal a shift back toward bullish control.
Unless buyers reclaim higher ground, the current consolidation looks less like a base and more like a setup for continuation lower.
Until that happens, SHIB remains capped beneath resistance, with liquidity below acting as the most likely draw. As Shiba Inu returns to the $0.000000544 rally origin zone, the broader picture suggests the market is still working through unresolved downside pressure before any meaningful recovery can take hold.
Sergey Diakov
