With recent price movements suggesting that bearish momentum could strengthen, Shiba Inu (Shiba) is struggling to break through a key resistance level. The token’s failure to rise above the 26-day Exponential Moving Average (EMA) has reinforced concerns that another decline may be imminent.

For bullish traders, the inability to surpass this resistance is a significant obstacle, potentially setting the stage for a steeper drop. Despite weeks of efforts to gain upward momentum, Shiba remains trapped below the 26 EMA, preventing it from establishing a higher low—an essential condition for reversing the trend. If Shiba fails to hold above the crucial $0.00001230 support level, a breakdown could be imminent, exposing it to further losses. The next key support level is $0.00001180, a price point last tested during previous market corrections. A drop below this range could increase selling pressure and intensify bearish sentiment.

The broader cryptocurrency market has struggled to achieve sustained growth, and Shiba is no exception. The asset's failure to break resistance, combined with declining trading volume, signals weak buyer interest at current levels. Additionally, market indicators remain bearish. The Relative Strength Index (RSI) is approaching oversold territory, highlighting weak buying momentum. If sellers push Shiba below $0.00001230, it could trigger liquidations, making recovery more difficult.

For Shiba to break out of its downward trajectory, it must establish a distinct higher low. The first sign of strength would be a successful move above the 26 EMA, allowing bulls to regain control and target a rally toward $0.00001450. However, until that happens, the downtrend remains dominant, and a deeper decline remains a possibility. Given the current fragile market sentiment, Sahib holders should remain cautious, as further losses could occur if key resistance levels are not reclaimed.#BMTOnBinance #BNBChainMeme #USTariffs