Shiba Inu Price Under Pressure as Bearish Trend Holds

CryptoNewsNet2026/02/10 19:48

By:CryptoNewsNet

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Shiba Inu Price Under Pressure as Bearish Trend Holds

coinpaper.com 11 m

Shiba Inu remains under pressure amid renewed selling in the broader crypto market. Analysts highlight the token’s vulnerability, noting that sellers control short-term price movements. Technical charts indicate $SHIB continues to trade within a bearish structure, reinforcing downside risks.

Shiba Inu Bearish Structure Persists

Analyst HolderStat examined the 30-minute $SHIB/USDT chart, noting that Shiba Inu remains within a descending trendline structure. The pattern, marked by lower highs and lower lows, confirms ongoing selling pressure. $SHIB recently fell to approximately $0.0000055 before bouncing from the local low. However, the rebound lost momentum, failing to break above the descending resistance near $0.0000065.

HolderStat observed that price consolidation continues below the main descending trendline, while a weak rising support line forms beneath the price. This creates a tightening compression zone, reflecting weakening bullish strength. The analyst stated that the sloping trendline remains dynamic resistance, reinforced by multiple prior rejection points. “If this level holds, $SHIB is likely to resume its downward move,” HolderStat said, adding that the price could revisit the $0.0000055 area.

Shiba Inu Price Under Pressure as Bearish Trend Holds image 1

Immediate Levels and Market Context

HolderStat’s report comes amid a broader market pullback, with $SHIB losing momentum after trading near $0.0000062. The token slipped to around $0.0000060, reinforcing a short-term bearish trend. At the time of writing, $SHIB is trading at $0.000006016, down 1.59% over 24 hours and has declined 12% over the past week. Over the past month, the token fell 30.24%, bringing year-to-date losses to 13.2%.

The analyst identified immediate resistance at $0.0000065, with higher barriers at $0.00000705 and $0.00000847. Nearest support lies at $0.00000562, forming a critical zone for potential stabilization. HolderStat emphasized that a decisive breakout and close above resistance would invalidate the bearish bias, signaling a possible short-term trend shift. Until then, sellers maintain structural control, keeping downside pressure favored.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget•2026/09/21 06:38