Saad Ullah
Shiba Inu holders are holding their breath as SHIB finds itself at a critical juncture. With the meme coin trapped under a persistent downtrend and technical indicators flashing warning signs, the next few trading sessions could determine whether bulls can stage a comeback or bears tighten their grip even further.
SHIB Battles Key Resistance as Bears Hold Control
Shiba Inu (SHIB) sits in a tough spot at $0.00001235, caught between the $0.00001026 support floor and $0.00001444 resistance ceiling. The downtrend line from 2024 highs continues to cap any upside attempts, keeping bulls frustrated.
While SHIB holds above support, the broader trend stays bearish. Bulls keep hitting the same resistance wall, making this consolidation feel more like a breather before the next move rather than genuine recovery.
Technical Indicators Signal Continued SHIB Price Weakness
The technical picture isn't encouraging for SHIB holders. Supertrend and Parabolic SAR both flash bearish signals while trading volumes remain weak, showing limited buying interest.
SHIB currently bounces between $0.00001191 and $0.00001256. Bulls need to break $0.00001287 to challenge higher resistance levels. However, if sellers return, SHIB could drop back to $0.00001026 support. For any real recovery, bulls must conquer the key $0.00001890 level on the weekly chart.
Saad Ullah
