I've noticed that Shiba Inu coin has been pushing downward for several consecutive days. The price remains around $0.000005323, having dropped 3.9% over the past 24 hours. Looking at the weekly chart, the decline has already reached 11.35%, and over the month, the loss is even more significant—minus 21.67%. The situation appears quite bleak for bullish sentiment.

Interestingly, futures trading is currently much more active than on the spot market. The futures volume reaches $201 million, while the spot volume is only $37.4 million. This indicates that traders are actively opening short positions on Shiba Inu coin. The funding rate has long been in the negative zone, confirming that most are betting on further decline.

Technically, the picture is bearish. On the daily chart, Shiba Inu clearly forms lower highs and lower lows. The Aroon oscillator shows a strongly negative value around 71, and the Awesome Oscillator remains below the zero line. Resistance is around $0.00000726, but there are no serious attempts to break through it yet. Support holds at approximately $0.00000508.

The market capitalization of Shiba Inu coin is about $3.15 billion. So far, there are no clear reversal signals. Momentum indicators do not give the green light, and until buyers regain the recent highs, downward pressure will persist. The situation requires careful monitoring of key support levels.