Shiba #SHİB Analyst identifies key resistance levels for Shiba Inu; says a breakout could sustain bullish structure, otherwise price may retrace to lower demand zones.

Shiba Inu (SHIB) recorded a consistent downtrend between May 13 and May 19, moving from nearly $0.000017 to its current level near $0.00001423. This drop, totaling 14.4% over the past week and 2.1% in the last 24 hours, points to weakened short-term momentum.

Chart data suggests SHIB has formed a series of lower highs and lower lows. However, despite current bearish pressure, analysts are identifying potential breakout scenarios that could alter the market trajectory if SHIB clears key resistance levels.