Despite multiple recovery attempts, Shiba Inu (SHIB) remains locked in a downward trend, struggling to gain bullish momentum. Let’s take a closer look at the current technicals and what they might mean for SHIB’s short-term future.
1. Sellers Still in Control
SHIB has closed in the red for five consecutive weeks, underlining bearish dominance. Recent attempts to push past the resistance at $0.000014 have failed, reinforcing that level as a major hurdle. The price now hovers near a crucial support zone at $0.0000107, which has previously prevented further declines. A retest of this level seems increasingly likely unless bullish pressure returns soon.
2. Momentum Remains Weak
A look at the weekly MACD shows a flat histogram, signaling a lack of directional strength. While SHIB’s price is technically falling, it remains range-bound — roughly where it’s been since early 2025. Bulls are hoping that this consolidation phase could serve as a base for a potential breakout, but there’s little to confirm that yet.
3. Volume Continues to Drop
Trading volume has steadily declined since March 2024, forming consistent lower highs. This suggests waning interest in SHIB, especially as attention has shifted to Solana-based meme coins and other emerging narratives. Without a noticeable uptick in volume, any reversal attempt may lack the support needed to sustain upward movement.
Conclusion: Where Is SHIB Headed This Week?
The current trend favors sellers, with key support at $0.0000107 and resistance at $0.000014 continuing to shape SHIB’s price action. Unless volume and momentum pick up significantly, Shiba Inu (SHIB) may remain range-bound or face another test of support. Traders should watch for signs of renewed buying interest to gauge any potential shift in trend.
