thecryptobasic.com
Shiba Inu is losing momentum as selling pressure builds, making mid-band support a key level for bulls to defend while momentum weakens now.
Shiba Inu ($SHIB) is trading at $0.000005965 at the time of this writing, down 4.3% over 24 hours. The daily chart shows a steady intraday slide from the $0.00000625 area toward the $0.00000596 zone.
The move suggests sellers controlled most of the session, as $SHIB kept posting lower highs and lower lows before stabilizing near the lower end of its daily range. That leaves the token testing immediate support near $0.00000595, while any rebound would likely need to reclaim the $0.00000610 area first.
The wider performance panel still shows a mixed trend. $SHIB was down over the 1-hour and 24-hour periods, but remained up 3.2% in 7 days and 4.6% in 14 days. For now, $SHIB is sitting at a key spot where a bounce could revive momentum, but a breakdown could quickly put bears back in charge.
What’s Next for Shiba Inu?
Shiba Inu’s daily chart shows the token approaching the 20-day Bollinger Band basis at $0.000005844. That placement suggests $SHIB is still holding a mild bullish bias versus its recent average, but the latest candle also shows hesitation.
The upper Bollinger Band sits near $0.000006358, while the lower band stands around $0.000005330. It leaves $SHIB in the upper half of the range without yet breaking into a stronger upside expansion.
In practical terms, the setup points to near-term support around $0.00000584, with deeper downside risk opening toward $0.00000533 if that middle band fails.
The Bull Bear Power indicator remains positive at roughly 0.000000182, which shows buyers still hold a slight edge. However, the latest histogram reading looks modest rather than aggressive. This suggests that bullish pressure is present but not strong enough to confirm a decisive breakout yet.
Shiba Inu Liquidation Data
Shiba Inu’s liquidation data shows that long traders absorbed most of the recent market pressure across every tracked timeframe.
Over 4 hours, total liquidations rose to $25.84K, with $23.11K in longs compared with just $2.74K in shorts. That pattern remained clear over longer windows.
In the 12-hour period, $SHIB liquidations totaled $48.67K, including $45.72K in longs and $2.94K in shorts. Over 24 hours, total liquidations climbed to $73.52K, with $66.39K from longs versus $7.13K from shorts.