- SHIB remains under pressure, trading near key support around $0.00000850–$0.00000860
- Strong selling dominates, with heavy outflows and resistance at EMAs limiting rebounds.
- Minor intraday momentum exists, but failure to break $0.00000892 may extend downside.
Shiba Inu — SHIB, continues struggling as selling pressure keeps the token near recent lows. Trading around $0.00000878, SHIB hovers just above the key $0.00000860 to $0.00000850 support zone. This shelf has halted every selloff this month, but bears remain firmly in control. Sellers dominate flows and keep price under all major EMAs. Without sustained buying, SHIB may face further declines before any meaningful rebound emerges.
Trendline Pressure and Bearish Indicators
The daily chart shows SHIB pinned under a long descending trendline from March. Every rally toward this line has been rejected, producing a clean series of lower highs. The downward slope of EMAs reinforces the bearish trend, while failing to reclaim even the 20 EMA highlights the intensity of selling.
Parabolic SAR remains above price, confirming continued downside momentum. Since early October, SHIB has not produced a single bullish SAR print on the daily chart. Until the token breaks above $0.00000944, sellers maintain control, keeping bulls on the defensive. Coinglass data indicates $395,700 in net outflows on November 18, extending a two-week trend.
Investors continue moving SHIB back to exchanges rather than accumulating, signaling persistent distribution. The consistent sea of red bars across November shows no meaningful dip buying. Heavy outflows during a downtrend generally reflect selling pressure, not preparation for reversal. SHIB needs several days of positive inflows before demand can shift.
Intraday Recovery Faces Resistance
Short-term charts suggest a minor attempt at stabilization around $0.00000875. The intraday RSI pushes toward 54, showing early momentum improvement. Yet, recovery faces strong resistance at the 30-minute Supertrend of $0.00000882. Multiple failed attempts to close above this level confirm that sellers remain active on every push higher.
Even with mild bullish momentum on RSI, SHIB requires a decisive close above $0.00000892 for confirmation. The next key test comes at $0.00000850, a level that has repeatedly halted declines. Failing to hold this support may accelerate losses toward lower levels. Conversely, reclaiming $0.00000944 would turn momentum in favor of buyers.
Overall, SHIB remains under pressure as selling activity dominates both short-term and daily charts. Network trends and on-chain metrics point to cautious trading, with bears controlling price movement. Traders should watch support zones closely, as a break below $0.00000850 could trigger further downside.
The token’s path forward depends on buyer conviction and sustained inflows. Until clear demand emerges, SHIB may continue drifting toward year lows. Monitoring Supertrend and EMA levels will be crucial for any near-term rebound. For now, sellers clearly hold the upper hand, making cautious trading the safest approach.
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