Shiba Inu’s recent price recovery has faltered, facing rejection at critical technical levels and signaling potential declines amid an absence of market catalysts. The stagnation heightens downside risks for the meme coin as bearish technical signals gain prominence.
SHIB failed to sustain momentum above the pivotal $0.000015 threshold and its 200-day moving average, reflecting weakening buyer pressure. Technical indicators reinforce this bearish outlook, with Relative Strength Index (RSI) patterns and tepid volume activity pointing toward either a corrective dip or prolonged consolidation.
The lack of fundamental drivers further dims SHIB’s longer-term growth prospects, as meme tokens primarily depend on speculative sentiment rather than utility. Should current support at $0.0000131 collapse, analysts warn of probable declines toward $0.00001267 or lower. Market observers see minimal chance of a near-term rebound given the dearth of bullish catalysts and overwhelming technical signals favoring continued sideways or downward movement.