$SHIB /USDT -0.57% — Weak Momentum as Meme Coin Slides Below Key Averages
SHIB is trading at $0.00001211, slipping -0.57% over the last 24h, with bulls struggling to maintain traction after a rejection near $0.00001224. The price is now trading below all key moving averages, signaling short-term bearish pressure.
Technical Snapshot:
24h Range: $0.00001185 – $0.00001224
Volume: 1.36T SHIB / $16.35M USDT
MA(7): $0.00001218 → just lost short-term support
MA(25): $0.00001358
MA(99): $0.00001317
Price Structure & Indicators:
Price is drifting below MA(7) and well under MA(25) and MA(99), highlighting persistent downside momentum.
MACD likely shows bearish crossover; RSI may be hovering near oversold territory.
Repeated failure to reclaim $0.00001235–$0.00001250 increases bearish risk.
Key Levels:
Resistance: $0.00001235 → $0.00001317 → $0.00001366
Support: $0.00001185 → $0.00001105 → $0.00001004
Outlook:
Trend: Bearish below $0.00001218
Upside Trigger: Needs strong push above $0.00001250 to retest $0.000013+
Downside Risk: Break below $0.00001185 could send it toward $0.00001105 and $0.00001004
Conclusion: SHIB is losing momentum and sliding beneath crucial support levels. Until bulls reclaim $0.00001235–$0.00001250, the trend remains vulnerable to further downside. Short-term traders should watch $0.00001185 closely as a breakdown point.