Shiba Inu Faces Potential Downside Risks Amid Lack of Catalysts and Weak Momentum

Key Points

1. SHIB's price failed to sustain above the 200-day moving average and $0.000015 resistance, indicating weak momentum.

2. Technical indicators like RSI and volume profiles suggest a higher likelihood of a price correction or extended sideways movement.

3. The absence of fundamental catalysts undermines long-term growth prospects for SHIB, as meme coins rely heavily on market sentiment.

4. If SHIB fails to hold above the $0.0000131 support level, further declines to $0.00001267 or lower are possible.

5. Without new bullish drivers, SHIB's rebound is unlikely in the short term, with technical signals favoring bearish or sideways movement.