Shiba Inu has found itself in a difficult situation. The coin continues to form lower highs and lower lows on the daily chart, and negative funding rates indicate a bearish market sentiment. The latest data shows a +3.52% increase for the day, but this does not change the overall picture of weakness on longer timeframes.

I looked at the indicators — the Aroon oscillator is deep in the negative zone, and the Awesome Oscillator remains below the zero line with red histograms. This suggests that the momentum is still on the sellers' side. The futures volume is $201 million, significantly exceeding the spot volume of $37.4 million — it seems traders are actively taking short positions.

The problems with Shiba Inu are clear: over 7 days, the coin has fallen by 11.35%, and over a month — by 21.67%. Current support is around $0.00000508, resistance is at $0.00000726. Until buyers regain the recent highs, the trend remains vulnerable to further decline. The market capitalization of CoinGecko is $3.71 billion, but this does not guarantee a recovery. When Shiba Inu will find its bottom — remains unknown for now.