#SHIB $SHIB Stuck near the lows— the downtrend channel remains 🐕


Shiba Inu’s trading price is around $0.00000415–$0.0000043.

Technical snapshot:
• Support: $0.0000040 (annual low zone)
• Resistance: $0.0000045–$0.0000048
• Momentum: Bearish. Price is still inside a tight descending channel below all major EMAs. RSI is nearing oversold, but there is currently no clear reversal signal.

Setup:
A recent large token burn (highest in the past six months) has not triggered a sustained rebound. Whales are accumulating, but the overall weakness in the meme sector still keeps selling pressure active. Any meaningful recovery requires an effective breakout above channel resistance. A break below $0.0000040 could bring further downside.

Current: Range-bound with high risk.
#SHIB #ShibaInu #Crypto
SHIB0.87%
View Original
mcto
$SHIB Trapped Near Lows – Descending Channel Holds 🐕
Shiba Inu trading around $0.00000415–$0.0000043.
Technical Snapshot:
• Support: $0.0000040 (yearly low zone)
• Resistance: $0.0000045–$0.0000048
• Momentum: Bearish. Price remains inside a tight descending channel below all major EMAs. RSI near oversold but no clear reversal yet.
The Setup:
Recent big token burns (highest in 6 months) failed to spark a sustained bounce. Whale accumulation is present, but overall meme sector weakness keeps selling pressure alive. A clean break above the channel resistance is needed for any meaningful recovery. Loss of $0.0000040 risks further downside.
Range-bound and high-risk for now.
#SHIB #ShibaInu #Crypto
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned