- SHIB falls below key $0.000006 psychological support level
- Bearish momentum strengthens as recovery attempts continue failing
- Traders monitor $0.0000055 and $0.0000050 support zones closely
Shiba Inu has decisively slipped below the $0.000006 threshold after enduring months of persistent downward pressure that gradually eroded buyer confidence and weakened previously established support zones across multiple trading sessions. This breakdown represents a clear deterioration in short term structure, as sellers continue to dominate order flow while bulls struggle to generate the strength required to reclaim lost territory in an increasingly cautious environment.
According to chart data shared on TradingView, SHIB tested the $0.000006 region several times in recent weeks, yet each rebound attempt lacked sufficient follow through to sustain a recovery above that psychological barrier. Consequently, what previously acted as a dependable support floor has now shifted into immediate resistance, reinforcing the prevailing bearish tone that has defined recent trading activity across major pairs.
Also Read: Top Analyst: A Euphoric XRP Expansion Could Unfold Within 6 Months – Here’s Why
Moreover, the token continues to trade below key short and mid term moving averages that slope downward and cap upside momentum, thereby signaling that broader technical conditions still favor sellers rather than participants positioning for reversal confirmation. Although a minor ascending trendline has temporarily slowed the pace of decline, that support remains fragile and does not yet alter the overarching downtrend that has guided price action for months.
Source: Tradingview
Critical Support Levels Come Into Focus as Pressure Builds
Market attention now centers on the $0.0000055 zone, which aligns with recent local lows and may serve as the next defensive area should selling pressure intensify in the near term. A decisive breakdown beneath that level could accelerate losses and shift focus toward the deeper $0.0000050 region, where historical demand previously surfaced during earlier corrective phases.
On the upside, resistance stands firm near $0.0000065, and only a sustained move above that level would meaningfully improve structure while reducing immediate bearish risks. Until buyers reclaim lost ground and flip former resistance back into support, the breach of $0.000006 remains the defining technical development shaping Shiba Inu’s short term outlook.
Also Read: Gemini Faces Major Reset as Winklevoss Stays Bullish Amid BTC Sales
