#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge SHIB trades near support as bearish EMAs dominate and downside pressure intensifies.
Burn rate and Shibarium activity weaken, limiting supply-driven or ecosystem support.
Exchange outflows suggest accumulation, but price action remains weak and unresponsive.
Shiba Inu trades near a fragile support zone after weeks of steady decline. Price action continues to hover between $0.000004638 and $0.000004789 in 24 hours. Market sentiment stays cautious as bearish pressure dominates recent sessions. SHIB records a -0.4% daily change while extending a broader monthly downturn. Volume remains active near $54.7 million, showing traders still engage despite weak momentum. Attention now centers on whether current support can hold or break under pressure.
https://twitter.com/i/status/2067918587482742957 SHIB Tests Support as EMAs Confirm Bearish Structure
SHIB now tests a key support zone around $0.0000046 after repeated downside pressure. A deeper support level sits near $0.00000430, marking the next major downside target if selling continues. On the upside, resistance forms near $0.0000048, while $0.00000491 creates a stronger barrier above. Price remains below all major daily exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs. This alignment confirms a firmly bearish structure across short and long timeframes.
Technical indicators reinforce the weak outlook, with thirteen bearish indicators, nine neutral readings, and only one bullish signal. This distribution gives bears roughly 57% control of overall market signals. The Relative Strength Index sits near 35.47 on the daily chart and 35.68 on the weekly chart. Both readings suggest conditions are approaching oversold territory, though no reversal signal has confirmed yet.
A drop below $0.00000455 could expose deeper liquidity zones, while a
Tutti i commenti0RecentePopolare