| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Recent developments have painted a bearish picture for Shiba Inu (SHIB) in the cryptocurrency market.
- Analysts suggest that SHIB might continue its downward trajectory, influenced by various technical and on-chain metrics.
- Despite a brief price bounce, current resistance levels could pose serious challenges for SHIB’s price recovery.
Read our in-depth analysis on Shiba Inu’s (SHIB) current market trends and future outlook.
Shiba Inu Faces Persistent Downtrend Amidst Bearish Indicators
Shiba Inu (SHIB) has recently exhibited a significantly bearish pattern according to the latest price actions and technical indicators. The cryptocurrency experienced a 38% bounce from its recent lows within the past two days. However, it failed to break the former support level of $0.0000178, which now acts as strong resistance. This failure could potentially signal further price declines, casting doubt on any hopes for a near-term recovery.
Assessing Fibonacci Retracement Levels Amid Downtrend
Diving deeper into the technical analysis, the Fibonacci retracement levels reveal critical insights: SHIB has broken past the 78.6% level and may trend further downward toward the 100% mark or beyond. This is compounded by the relative strength index (RSI), which remains below the neutral 50, indicating a sustained downtrend. Furthermore, the directional movement index (DMI) reveals that the -DI and ADX values have been above 20 since mid-June, corroborating the intensity of the ongoing bearish phase.
On-Chain Metrics Highlight Weak Bullish Activity
Examining on-chain metrics, the outlook remains grim for SHIB bulls. The mean coin age has been trending downward since the last week of May, highlighting a prevalent distribution phase with minimal accumulation. Additionally, dormant circulation saw a notable spike on July 6th as prices briefly rose, possibly indicating impending selling pressure. Concurrently, daily active addresses have remained consistent with the previous month’s activity, suggestive of stagnant network growth.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Conclusion
In summary, Shiba Inu’s (SHIB) market outlook appears bleak with multiple bearish indicators. The failure to break existing resistance levels, alongside troubling on-chain metrics and steadfast technical indicators, casts a shadow over SHIB’s short-term potential. Investors should remain cautious and closely monitor these developments as further price decreases seem probable.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
