Shiba Inu is forming a descending triangle, with consistent support at $0.000011 but lower highs since January 2025. This pattern suggests weakening bullish momentum, each rally fails to reach the previous peak, signaling fading buyer interest.
🎯 If $0.000011 support breaks, $SHIB could drop 43% or more, targeting $0.00000626. The RSI reinforces this bearish outlook, struggling near 50 (a neutral level), indicating limited buying pressure.
✅ The pattern would only be invalidated if SHIB breaks above the 50-day SMA ($0.0000167), which sits above the current price and the descending trendline.
⏭️ Until then, the risk of a breakdown remains. Traders should watch the $0.000011 level closely, holding could delay further downside, while a breakdown may accelerate losses.
