Shiba Inu Struggles to Break Key Resistance as Market Sentiment Remains Bearish

Shiba Inu (SHIB) is once again attempting to recover lost ground, but strong resistance and an ongoing downtrend continue to limit its upside potential. Currently hovering around $0.000012, this level has acted as a crucial support zone in recent months. A decisive move above this mark could indicate a more substantial recovery, yet momentum remains uncertain.

Market liquidity and overall sentiment play a significant role in determining whether this recovery attempt will succeed where previous ones failed. Technically, SHIB is struggling to stay above its 50-day moving average, which is reinforcing downward pressure. Moreover, the asset remains below its 100- and 200-day moving averages, further confirming the dominant bearish trend.

If SHIB manages to break through the $0.0000135 resistance—where its last rally attempt failed—it could target the psychologically important $0.000015 level. However, failure to maintain its position above $0.000012 may lead to a retest of the $0.000011 support zone. A breakdown below this could accelerate losses, pushing SHIB closer to the critical $0.00001 mark.

Traders remain cautious as SHIB’s short-term outlook depends on market sentiment and broader cryptocurrency trends. Without strong buying momentum, any rebound may be short-lived. Investors are closely watching whether SHIB can reclaim key resistance levels to confirm a sustained recovery.