SHIB remains bearish after repeated rejections at key resistance and the 100-period moving average. Bears target $0.0000010 support if sellers maintain control below resistance. Whale accumul
Shiba Inu continues to face heavy selling pressure despite several recovery attempts. Every bounce has struggled to hold, leaving sellers firmly in control. Recent price action shows a familiar pattern that has defined SHIB for months. Bulls have failed to reclaim important resistance levels, while technical signals still favor another move lower. Unless buyers regain momentum soon, the meme coin could face another major decline before finding meaningful support.
https://twitter.com/i/status/2074121539516059685Shiba Inu has traded within a clear bearish structure since late 2025. Lower highs and lower lows continue shaping the trend. Earlier rallies offered hope, but none lasted long enough to change market direction. Sellers repeatedly returned near major resistance levels and erased previous gains. A long-term descending trendline limited upside for several months. After breaking above that barrier, SHIB briefly formed higher lows along an ascending support line.
That positive structure collapsed during May after the price broke below support. The breakdown confirmed that sellers had regained control. The four-hour chart tells a similar story. Sharp declines have often attracted short-term buyers. Those recoveries quickly faded as resistance triggered another wave of selling. The same pattern has repeated several times during recent months.
Early June provided another example. SHIB climbed toward $0.00000558 before meeting aggressive selling pressure. Five days later, the price dropped to roughly $0.00000430. Another rally followed during mid-June and reached nearly $0.00000520. Bears quickly pushed price lower once again, extending the broader downtrend.
The latest recovery has carried SHIB back toward the former support area around $0.0000046. That zone now acts as resistance instead of support. Price also stalled near the 100-period moving average, which continues rejecting bullish attempts. Such repeated failures suggest buyers still lack enough strength to reverse the trend. Current market structure remains firmly bearish. Lower highs continue forming across the chart.
Lower lows also remain untouched. Until price breaks above the moving average and nearby resistance, downside pressure will likely dominate trading. If sellers remain in control, SHIB could slide toward the next major support near $0.0000010. Such a move would represent another significant decline from current levels. Traders should monitor resistance closely because a successful breakout could weaken this bearish outlook. Strong buying volume would also improve the chances of a broader recovery.
Despite weak price action, blockchain data offers one encouraging signal. Large investors continue accumulating SHIB during periods of market weakness. Exchange netflows also turned negative during the past day. More tokens left exchanges than entered, suggesting holders prefer moving assets into private wallets instead of preparing immediate sales.
