Shiba Inu (SHIBUSD) Faces Renewed Selling Pressure as Bearish Trend Strengthens
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Price Analysis: Shiba Inu (Shib) Price Surges Then Falters as Bullish Momentum Exhausts
SHIBA INU Key Levels
Demand Levels: $0.00001160, $0.00000690
Supply Levels: $0.00001740, $0.00002150
As the market transitioned into 2025, SHIB/USD broke below its established daily bullish trend, signaling increased bearish pressure. The key support level at $0.00001160 has consistently acted as a strong demand zone, preventing a deeper decline. However, recent price action near the trendline resistance suggests a growing bearish outlook. The formation of a morning star candlestick pattern further reinforces the likelihood of a significant downward movement.
A minor bullish trend has been observed on the four-hour chart, but technical indicators hint at underlying weakness. The 4-hour Moving Average signals a bearish shift, while the Relative Strength Index (RSI) is declining, indicating diminishing buying momentum. This divergence between price action and technical indicators suggests an impending breakdown of the minor uptrend.
Market Expectation
If the current trend persists, SHIB/USD is expected to breach the short-term bullish structure on the 4-hour timeframe, leading to a deeper bearish continuation on the daily chart. A confirmed break below $0.00001160 could open the door for further declines, reinforcing the dominance of sellers in the market.
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