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Shiba Inu Risks 10.5% Drop to $0.00000507 Support
Shiba Inu (SHIB) continues to trade under sustained bearish pressure, with price action repeatedly rejected below a descending resistance trendline on the 4-hour chart. The pattern reflects a distribution phase, with sellers maintaining control and bullish momentum failing to reclaim lost ground. The asset is currently hovering around $0.0000060, well below the threshold needed to shift the short-term outlook.
SHIB Facing Repeated Rejection Below $0.0000065 Resistance
Multiple failed attempts to break above the $0.0000065 resistance zone have reinforced it as a strong supply area. Each rejection confirms that demand remains insufficient to absorb selling pressure at this level. As long as SHIB trades below this boundary, the structure favors continuation to the downside rather than a recovery toward higher targets.
The token previously returned to a key origin zone, as covered in Shiba Inu Returns to $0.00000544 Rally Origin Zone After Prolonged Decline, where price revisited critical support following an extended downtrend. That level has since become a focal point for the current analysis.
$0.00000507 Demand Zone: Key Level Traders Are Watching
Technical projections point to an initial decline toward minor support near $0.00000545, a roughly 10.5% move from current levels. Should that level give way, the next major demand zone sits at $0.00000507. Analysts have previously noted how this price region has acted as a historical floor, as detailed in Shiba Inu Forms Double Bottom Pattern Near $0.00000524 Support Level. A confirmed double-bottom formation at these depths could offer the first credible signal of stabilization.
Broader bearish risk scenarios for the token have also been outlined in Shiba Inu (SHIB) Teeters on Edge of Adding Zero to Price Point, reinforcing the importance of holding current support. A decisive close above $0.00000656 would be needed to challenge the prevailing bearish structure and suggest a genuine momentum shift. Until that occurs, the path of least resistance remains lower.