$SHIB is trading around $0.00001336, down 2.70% in the past 24hours after facing rejection at the $00001400 resistance level, a zone that’s often capped upward movement. The price is still moving within a descending triangle, with major support near $0.00001180 and a downtrend line holding rallies back.
Short-term indicators like the Supertrend and RSI suggest bearish momentum, with RSI nearing oversold. If SHIB breaks below $0.00001300, it could drop further toward $0.00001270 or even $0.00001180. However, if support holds, a rebound toward $0.00001377 or $0.00001400 is possible.
A decisive move above $0.00001600 would be needed to confirm a bullish breakout, but for now, SHIB remains range-bound with potential for both a bounce or further dip depending on how support levels hold.
