Shiba Inu (SHIB) is grappling with intensifying bearish momentum following a 3.79% price decline over the past 24 hours, driving the asset toward pivotal technical support levels. Traders are closely monitoring the $0.000013 and $0.00001282 thresholds, as a decisive breakdown below these zones could trigger accelerated selling and extended losses.
Midterm technical analysis shows SHIB confined within a broad trading channel between $0.00001028 support and $0.00001234 resistance. Current market sentiment reflects mounting selling pressure and sustained bearish trends, with the token’s trajectory largely hinging on its ability to defend immediate support barriers.
A daily close beneath present levels may validate deeper declines toward lower supports, while any recovery rally surpassing the $0.000013 barrier could signal a potential bullish reversal. The ongoing battle at these technical levels will critically influence SHIB’s near-term price direction.