Usman Salis
SHIB just can't catch a break. The meme coin tried to push past $0.000015 but got completely shut down at that level, along with the 200-day moving average. Now it's sitting around $0.0000135, barely holding onto support, and things are looking pretty rough.
What we're seeing here is a classic failed breakout. SHIB managed to poke above some important moving averages for a brief moment, then immediately fell back down. The momentum from those sub-$0.000012 levels just disappeared, and there's no volume to back up any upward moves.
The technical picture isn't pretty either. SHIB keeps bouncing off the $0.00001449 resistance and can't hold above it for more than a few sessions. The RSI and volume data suggest we're either heading for a big correction or just going to move sideways for a while – neither option is great for holders.
Shiba Inu (SHIB) Can't Hold Key Levels
Here's the real problem: SHIB couldn't even stay above the 50 and 100-day moving averages after what looked like a decent bounce. That's usually when you know the bears are taking over. Without any fresh volume coming in, all that recent buying was probably just short-term speculation rather than real conviction.
The current support at $0.0000131 looks shaky. If that breaks, we're probably looking at a drop to $0.00001267, or even down to $0.0000120. That would be a nasty fall and would put SHIB dangerously close to adding another zero.
Shiba Inu (SHIB) Lacks Real Buying Interest
Let's be honest – this is classic meme coin behavior. SHIB pumped on hype, hit resistance, and now it's giving back those gains because there's no real fundamental reason for people to keep buying. Most of the recent purchases were probably FOMO rather than any belief in the token's long-term value.
The fact that SHIB got rejected at $0.000015 is a big deal. That's a psychological level that a lot of traders watch, and failing to break it shows just how weak the buying pressure really is. The pricing structure is falling apart, and technical indicators are flashing warning signs.
Unless bulls step in with some serious buying power soon, adding another zero to SHIB's price isn't just a joke anymore – it's looking like a real possibility. The token needs to find solid support fast, or we could see it drop to levels we haven't seen in a while.
Usman Salis
