Shiba Inu Hovers Near Record Lows as Bearish Pressure Persists Below Critical Threshold

Shiba Inu remains under pronounced bearish pressure, with its overall market structure still indicating a downtrend even as early hints suggest selling momentum could be weakening.

This view was expressed by market analyst Dukes Markets Analysis in a recent TradingView piece titled “SHIB: From Meme Queen to New Historic Lows.”

Bearish Momentum Continues to Dominate Shiba Inu

Dukes notes that SHIB is trading beneath both its 50‑day and 100‑day exponential moving averages (EMAs), key gauges of market direction.

More significantly, the 50‑day EMA stays below the 100‑day EMA, preserving a bearish crossover that usually indicates sellers are still in charge.

As long as SHIB remains under both averages, the overall technical outlook leans toward additional downside, meaning any short‑term upticks are likely corrective bounces rather than the start of a lasting bullish turnaround.

Dukes Highlights a Critical Resistance Level for Shiba Inu

Despite the bearish backdrop, Dukes pinpointed $0.00000458 as the first major resistance level that bulls need to retake.

This level previously acted as solid support before breaking down and flipping to resistance. Dukes argues that a clear break above $0.00000458, backed by a strong daily close, would signal the first notable improvement in SHIB’s structure and hint that buyers are starting to regain control.

Until that occurs, the prevailing bearish trend remains intact.

Momentum Indicators Suggest a Possible Recovery

Although the broader trend stays negative, several momentum indicators hint that selling pressure could be weakening.

The Relative Strength Index (RSI) has begun to recover from earlier oversold conditions, yet it remains below the neutral 50 mark, showing that bearish momentum still outweighs bullish strength despite the uptick.

Meanwhile, the Stochastic RSI (StochRSI), which gauges the speed and momentum of price moves, keeps climbing steadily without reaching overbought levels, implying SHIB may still have room for a short‑term bounce before bullish momentum becomes overextended.

A Further Obstacle Lies Ahead for Bulls

Even with the improving momentum signals, Dukes observed that Shiba Inu’s trading volume stays relatively low, underscoring the lack of strong conviction from both buyers and sellers.

He stressed that a breakout above the immediate resistance would need markedly stronger buying volume to confirm a sustainable recovery instead of merely another fleeting bounce.

Even if SHIB manages to clear the $0.00000458 barrier, Dukes warns that another hurdle awaits near $0.00000520. This level represents the next major resistance zone where sellers could re‑enter and limit further upside. Consequently, bulls would likely need to surpass both resistance levels before SHIB can build a more convincing medium‑term recovery.

SHIB Remains Well Below Its All‑Time High

At the time of writing, Shiba Inu traded far below its all‑time high of $0.00008845, hovering around $0.00000424 — a decline of roughly 95.2% from its peak.

SHIB has posted a modest 1.04% gain this month, yet it is still down 38.58% year‑to‑date. The token now ranks as the 31st‑largest cryptocurrency by market cap, a notable drop from late 2021 when it regularly featured among the top ten digital assets.

Meanwhile, trading activity continues to wane, with daily volume slipping 6.08% over the past 24 hours to $42.98 million, highlighting the limited market participation even as early signs of improving momentum appear.

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