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06/09 01:43

Shiba Inu Teeters Near Breakdown as Resistance Hol

Shiba Inu Teeters Near Breakdown as Resistance Holds StrongCboe-Revolutionizes-Crypto-Trading-with-New-Bitcoin-Futures-Product-2025-06-08T224314.283-768x432.jpg

Shiba Inu is trading at $0.00001257 with a slight 0.19% gain, but the overall trend remains bearish.

The price is struggling below the 9-period DEMA and nearing the lower Bollinger Band, signaling continued downside risk.

Support sits between $0.00001209 and $0.00001109, while resistance near $0.00001311 continues to reject upward moves.

A breakout from the current consolidation range could determine SHIB’s next major direction.

Shiba Inu (SHIB) is currently trading at $0.00001257, reflecting a modest gain of 0.19% in the past 4 hours. However, this slight uptick does little to change the broader picture, as the token remains stuck in a downtrend that has persisted since mid-May. Despite several attempts at recovery, SHIB continues to face strong rejection near key resistance levels, highlighting ongoing bearish dominance in the market.SHIB_7D_graph_coinmarketcap-5-1-768x512.jpeg

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