{"id":672963,"date":"2025-01-09T20:00:26","date_gmt":"2025-01-09T20:00:26","guid":{"rendered":"https:\/\/wncen.com\/?p=672963"},"modified":"2025-01-09T11:22:48","modified_gmt":"2025-01-09T11:22:48","slug":"shiba-inu-grapples-with-heavy-bearish-forces","status":"publish","type":"post","link":"https:\/\/wncen.com\/shiba-inu\/shiba-inu-grapples-with-heavy-bearish-forces\/","title":{"rendered":"Shiba Inu Grapples With Heavy Bearish Forces: Will Support Levels Hold?"},"content":{"rendered":"

Shiba Inu finds itself at a critical juncture as bearish <\/span>momentum<\/span> intensifies, putting key support levels to the test. With the $0.00002045 mark under pressure, the token\u2019s ability to maintain this level could be decisive in shaping its short-term outlook. A breach of this critical support may pave the way for further declines, raising concerns about the <\/span>meme coin<\/span><\/a>\u2019s future direction.<\/span><\/p>\n

The ongoing battle between bulls and bears highlights the uncertainty surrounding SHIB\u2019s price action. While bulls aim to defend the support and stage a comeback, <\/span>bears<\/span><\/a> are determined to push prices lower. This pivotal moment will likely determine whether SHIB can stabilize and regain its footing or face a deeper correction in the days ahead.<\/span><\/p>\n

SHIB\u2019s Recent Price Action: A Closer Look<\/h2>\n

SHIB<\/span><\/a>‘s recent price action has been marked by significant volatility, as the cryptocurrency faces mounting bearish pressure while simultaneously testing crucial support levels. After a period of upward movement, Shiba Inu has encountered resistance and is now battling to maintain its position above key price points, including the pivotal $0.00002045 support level. This ongoing struggle between the bulls and bears highlights the indecisiveness in the <\/span>market<\/span><\/a>, with both sides attempting to assert dominance.<\/span><\/p>\n

Related Reading: Shiba Inu Builds Momentum: \u2018Monster\u2019 Price Move Coming\u2014Analyst<\/a><\/div>\n

A closer look at SHIB’s chart reveals a series of lower highs and lower lows, indicating the <\/span>potential<\/span><\/a> for more downside if the support level at $0.00002045 fails to hold. The pressure from the bears is growing, as evidenced by recent price declines and a sustained lack of <\/span>bullish<\/span> momentum. Despite this, there are occasional signs of consolidation near key support zones, suggesting that buyers may be waiting for an opportunity to step back in and prevent a full-scale breakdown.<\/span><\/p>\n

\"Shiba
SHIB declining as it faces oversold conditions | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Technical indicators, such as the Relative Strength Index (RSI) and moving averages, also provide further context to Shiba Inu\u2019s price action. The RSI has shown oversold conditions during recent declines, signaling the possibility of a <\/span>rebound<\/span><\/a>.\u00a0<\/span><\/p>\n

However, such moves may be short-lived without sustained buying interest. As SHIB tests its support, the market’s next moves will depend on whether <\/span>bulls<\/span><\/a> can regain control or if the bearish momentum will continue to drive prices lower.<\/span><\/p>\n

A Bounce Or Breakdown For Shiba Inu?<\/h2>\n

In the upside scenario, SHIB could find support at key levels, particularly the $0.00002045 zone, and experience a resurgence of buying interest, potentially sparking a <\/span>recovery<\/span><\/a> toward higher <\/span>resistance<\/span><\/a> levels such as $0.00002631 and $0.00002960. A successful rebound from this support would signal that the bulls are active, creating the foundation for further upside movement.<\/span><\/p>\n

Related Reading: Shiba Inu 260% Rally: Analyst Sees Classic Bullish Patterns Emerging<\/a><\/div>\n

Alternatively, if Shiba Inu fails to hold the $0.00002045 support level, a breakdown might lead to extended declines, with the next <\/span>support zone<\/span><\/a> potentially coming into focus. In this case, the bears would solidify their control, and SHIB may face a prolonged period of downward price action.<\/span><\/p>\n

\"Shiba
SHIB trading at $0.0000209 on the 1D chart | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Adobe Stock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu finds itself at a critical juncture as bearish momentum intensifies, putting key support levels to the test. With the $0.00002045 mark under pressure, the token\u2019s ability to maintain this level could be decisive in shaping its short-term outlook. A breach of this critical support may pave the way for further declines, raising concerns about the meme coin\u2019s future direction. The ongoing battle between bulls and bears highlights the uncertainty surrounding SHIB\u2019s price action. While bulls aim to defend the support and stage a comeback, bears are determined to push prices lower. This pivotal moment will likely determine whether SHIB can stabilize and regain its footing or face a deeper correction in the days ahead. SHIB\u2019s Recent Price Action: A Closer Look SHIB‘s recent price action has been marked by significant volatility, as the cryptocurrency faces mounting bearish pressure while simultaneously testing crucial support levels. After a period of upward movement, Shiba Inu has encountered resistance and is now battling to maintain its position above key price points, including the pivotal $0.00002045 support level. This ongoing struggle between the bulls and bears highlights the indecisiveness in the market, with both sides attempting to assert dominance. Related Reading: Shiba Inu Builds Momentum: \u2018Monster\u2019 Price Move Coming\u2014Analyst A closer look at SHIB’s chart reveals a series of lower highs and lower lows, indicating the potential for more downside if the support level at $0.00002045 fails to hold. The pressure from the bears is growing, as evidenced by recent price declines and a sustained lack of bullish momentum. Despite this, there are occasional signs of consolidation near key support zones, suggesting that buyers may be waiting for an opportunity to step back in and prevent a full-scale breakdown. Technical indicators, such as the Relative Strength Index (RSI) and moving averages, also provide further context to Shiba Inu\u2019s price action. The RSI has shown oversold conditions during recent declines, signaling the possibility of a rebound.\u00a0 However, such moves may be short-lived without sustained buying interest. As SHIB tests its support, the market’s next moves will depend on whether bulls can regain control or if the bearish momentum will continue to drive prices lower. A Bounce Or Breakdown For Shiba Inu? In the upside scenario, SHIB could find support at key levels, particularly the $0.00002045 zone, and experience a resurgence of buying interest, potentially sparking a recovery toward higher resistance levels such as $0.00002631 and $0.00002960. A successful rebound from this support would signal that the bulls are active, creating the foundation for further upside movement. Related Reading: Shiba Inu 260% Rally: Analyst Sees Classic Bullish Patterns Emerging Alternatively, if Shiba Inu fails to hold the $0.00002045 support level, a breakdown might lead to extended declines, with the next support zone potentially coming into focus. In this case, the bears would solidify their control, and SHIB may face a prolonged period of downward price action. Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":672982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83740],"tags":[84471,16393,14763,83668,83667,84562,84558],"class_list":["post-672963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-meme-coin","tag-relative-strength-index","tag-rsi","tag-shib","tag-shiba-inu","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Grapples With Heavy Bearish Forces: Will Support Levels Hold?<\/title>\n<meta name=\"description\" content=\"Shiba Inu finds itself at a critical juncture as bearish momentum intensifies, putting key support levels to the test.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Grapples With Heavy Bearish Forces: Will Support Levels Hold?","url":"http:\/\/wncen.com\/shiba-inu\/shiba-inu-grapples-with-heavy-bearish-forces\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/shiba-inu\/shiba-inu-grapples-with-heavy-bearish-forces\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/Shiba-Inu-from-Adobe-Stock-4.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/Shiba-Inu-from-Adobe-Stock-4.jpg?fit=540%2C360"},"articleSection":"Shiba Inu","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["meme coin","relative strength index","rsi","shib","shiba inu","shibusd","shibusdt"],"dateCreated":"2025-01-09T20:00:26Z","datePublished":"2025-01-09T20:00:26Z","dateModified":"2025-01-09T20:00:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Grapples With Heavy Bearish Forces: Will Support Levels Hold?\",\"url\":\"http:\\\/\\\/wncen.com\\\/shiba-inu\\\/shiba-inu-grapples-with-heavy-bearish-forces\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/shiba-inu\\\/shiba-inu-grapples-with-heavy-bearish-forces\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/Shiba-Inu-from-Adobe-Stock-4.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/Shiba-Inu-from-Adobe-Stock-4.jpg?fit=540%2C360\"},\"articleSection\":\"Shiba Inu\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"meme coin\",\"relative strength index\",\"rsi\",\"shib\",\"shiba inu\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2025-01-09T20:00:26Z\",\"datePublished\":\"2025-01-09T20:00:26Z\",\"dateModified\":\"2025-01-09T20:00:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2025\/01\/Shiba-Inu-from-Adobe-Stock-4.jpg?fit=540%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/672963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=672963"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/672963\/revisions"}],"predecessor-version":[{"id":673099,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/672963\/revisions\/673099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/672982"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=672963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=672963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=672963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}