SHIBA INU (SHIB) Bearish Trend Lingers

SHIBUSD Price Forecast – SHIBA INU Resumes Downtrend Continuation

SHIBA INU (SHIBUSD) continues to exhibit bearish momentum as the prevailing downtrend persists. Throughout this decline, the asset has undergone multiple redistribution phases, each reinforcing bearish control. The initial redistribution occurred at the beginning of the year, shortly after a decisive bearish shift in market structure. Currently, the price is once again breaking out of another redistribution phase, signaling a continuation of the downtrend.

SHIBUSD Key Levels

Demand Levels: $0.0000090, $0.0000060
Supply Levels: $0.0000230, $0.0000330

Back in September 2024, the conclusion of a prolonged accumulation phase was followed by a bullish crossover of the 30-period and 50-period Moving Averages, indicating a temporary shift in trend. This crossover acted as support, propelling the price upward to a high of $0.0000330.

Historically, SHIBA INU has experienced two significant bearish waves. The most recent, and third, was triggered by a structural breakdown in December. This renewed bearish trend was confirmed by another crossover of the Moving Averages, this time in favor of the sellers—emphasizing continued downward pressure.

Market Expectation

After testing the key level of $0.0000130, price action paused momentarily. However, a bearish break of structure (BOS) has now been confirmed, paving the way for further declines. With momentum clearly favoring the bears, the $0.0000090 demand level stands out as the next likely target for crypto traders monitoring short-term signals.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results