I am monitoring the SHIB chart today and honestly, the bearish setup is still very solid. The price briefly rose to the $0.0000057 area this morning but was immediately pushed back down to $0.0000053. It is now trading around $0.00 with a 1.46% decrease in 24 hours. What catches my attention is that futures volume remains dominant - $200.62K in spot but derivative activity is much heavier. SHIB's market cap is at $3.60B, but open interest remains high, indicating that speculators are still active.

Momentum is weak across all higher timeframes. SHIB has increased by 1.60% over the week but has fallen 21.67% in the past month. The Aroon oscillator is extremely negative at 71, basically indicating dominant bearish control. The Awesome Oscillator is still red below the zero line, and its histogram continues to show decreasing momentum. These indicators have not shown any strong bullish movement.

The most interesting thing is SHIB's funding rate, which is consistently negative. This means short traders are paying to maintain their positions. The Coinglass chart is full of red, but every time there is a brief green spike, it quickly drops again. The combination of falling prices + negative funding = market positioning for further decline. If buyers want to regain control, they need to break above $0.00000726, but there are no strong signals for that to happen yet. Shiba Inu's current problem is that the structure is still in a downtrend with persistent selling pressure.