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TronWeekly

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Shiba Inu (SHIB) Price Analysis: Bearish Trend Continues as Key Support Levels Come Into Play

  • Shiba Inu (SHIB) is trading at $0.00001276 with a slight 0.70% gain, but bears still dominate the trend.
  • Price remains below all key moving averages, suggesting downward pressure, and faces strong resistance near $0.00001400.
  • Current support zone holds at $0.00001250-$0.00001260, with potential downside to $0.00001200 if breached.
  • RSI at 34.30 indicates near oversold conditions, while MACD shows weakening bearish momentum without a clear reversal.

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