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Shiba Inu Struggles to Hold Support as Bearish Signals Strengthen

Shiba Inu Struggles to Hold Support as Bearish Signals Strengthen

Shiba Inu price continued to slide on Tuesday, holding just above a critical support zone after failing to reclaim key resistance levels. The token lost over 3 percent in the last 48 hours, now trading around $0.00001310 as sellers maintain control.

Price weakness followed a clear rejection near the $0.00001480 to $0.00001500 range, which coincided with the 38.2 percent Fibonacci retracement of the April rally. That rejection triggered a gradual decline toward the 61.8 percent retracement zone, where SHIB is now showing limited signs of a rebound.

Shiba Inu

Source: Tradingview

Current price action reflects growing uncertainty, with consolidation tightening between falling trend resistance and a softening support base near $0.00001260. The broader descending triangle pattern that began after the May 29 peak near $0.00001590 continues to shape SHIB’s technical outlook.

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Shiba Inu Struggles to Hold Support as Bearish Signals Strengthen

Momentum indicators are tilting further bearish, as the Relative Strength Index on the 30-minute chart has dropped to 45, showing reduced buying pressure after a failed breakout. The Stochastic RSI has fallen into oversold territory, signaling potential exhaustion but lacking enough volume to confirm reversal strength.

The 4-hour MACD indicator shows a bearish crossover below the signal line, with growing red histogram bars suggesting negative momentum is building. As a result of these two trends, there is a greater chance of quick volatility.

Shiba

Source: Tradingview

The asset’s price is close to the midline of the Bollinger range, and a notable drop beneath the present level might cause SHIB to retreat toward the lower limit at $0.00001245 or even to $0.00001238. It sits near the previous trendline support that was found in late May.

According to the Ichimoku Cloud on the 30-minute chart, conditions suggest that bears are in control. The conversion line has now moved under the baseline, and SHIB is close to resistance at nearly $0.00001300. In this case, further drops to $0.00001290, and further than that can be rapid.

Shiba

Source: Tradingview

If the bulls regain strength and go above the $0.00001344 to $0.00001385 resistance range, the Shiba Inu will rise. If price movement goes below $0.00001396, this will confirm the start of a stronger trend shift.

Shiba Inu is still under threat as it nears significant support. If bulls do not drive prices above resistance, a fall to $0.00001300 is possible, and attention might turn to the $0.00001238 demand zone.

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