The Shiba Inu price today is trading near $0.00001180, extending its corrective move after repeated failures to reclaim the $0.00001287 resistance. A confluence of bearish signals has built up across the charts, placing short-term pressure on the memecoin while traders watch key liquidity levels for any directional breakout. Let’s examine what’s happening with Shiba Inu price and whether bulls can still regain control.
What’s Happening With Shiba Inu’s Price?
From a trend perspective, SHIB continues to trade below its 20/50/100/200 EMAs on the 4-hour chart, highlighting the strength of the ongoing bearish structure. The Keltner Channels and Bollinger Bands are also widening downward, reflecting rising Shiba Inu price volatility and pressure near support.
The price action has lost momentum after tagging the upper band around $0.00001265 and failing to reclaim the dynamic resistance zone near the 100 EMA. The market structure now reveals a lower-high formation that brings $0.00001160 and $0.00001143 back into play as short-term demand zones.
Shiba Inu (SHIB) Price: Bearish Momentum Strengthens Across Indicat…
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