So I'm currently watching SHIB, and honestly, the current Shiba Inu situation is quite clear on the chart. The price keeps dropping, and the bearish momentum is still very strong. I see the funding rate has been consistently negative over the past few days, which means short traders are still dominant in the market. This is a strong indicator that selling pressure will continue. Yesterday, the price briefly rose to the $0.0000057 area but was immediately rejected again. Now it's stuck around $0.000005323 and continues to form lower highs and lower lows. In terms of volume, futures trading is much larger than spot (around $201 million versus $37.4 million), indicating speculation is still high but the trend remains bearish. Technical indicators are also all pointing down. The Aroon Oscillator is nearly at -71, the Awesome Oscillator is still below zero with a red histogram. I don't see any significant bullish signals; recovery attempts keep failing. The nearest support is at $0.00000508, but if that breaks, it could go lower. The current problem with Shiba Inu is a combination of: falling price, negative funding, weak momentum, and still defensive sentiment. Unless there's a breakout above the resistance area at $0.00000726, this trend seems likely to continue downward. I will keep watching these levels, but for now, the bears are still totally in control.

SHIB1,15%
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