Shiba Inu is stuck in a downtrend, facing strong resistance at the descending trendline from its 2024 highs. The price is hovering near $0.00001236, trapped between support at $0.00001026 and resistance at $0.00001444.
Bulls need a strong breakout above $0.00001890 to reverse the trend, but right now, selling pressure is keeping $SHIB down.
The Supertrend and Parabolic SAR are both bearish, and trading volume is weak, showing little buying interest.
Short-term, SHIB is stuck in a tight range ($0.00001191 - $0.00001256).
If it can’t break above $0.00001287, it might drop back toward support. Until buyers step in with strong momentum, expect more sideways or downward movement.
