I just checked the Shiba Inu chart and the situation is not very optimistic. SHIB is trading around $0.00, down more than 1% in 24 hours. Everything indicates that selling pressure remains very strong - the negative funding rate is continuous, momentum indicators are weak, and the price keeps making lower highs. Derivative volume reaches $200 million, much higher than spot volume, showing that short positions still dominate.

Looking at the 7-day performance, Shiba Inu has increased slightly by 1.85%, but over the past 30 days, it has only risen 5%, and about three months ago, it was significantly down. The current market cap is $3.61 billion USD. In my opinion, the trend remains weak unless the price can break through recent resistance levels again. But with such a negative funding rate, traders are preparing for the next decline. Shiba Inu needs a strong catalyst to reverse the trend.