• Shiba Inu trades near $0.0000115 with volume down 37 percent from recent levels.
• RSI hit 33.9, signaling oversold conditions despite persistent bearish momentum.
• A break below $0.0000115 could trigger stronger selling unless bulls regain $0.0000122.

Shiba Inu’s SHIB is at a pivotal point as traders weigh the next big move. The token recently bounced 1.32 percent to $0.00001181 after days of heavy selling. Weekly losses still linger near eight percent, leaving many holders anxious. Market cap now sits close to $6.96 billion with volume down nearly 37 percent. Buyers and sellers face a tense standoff while the $0.0000115 support level becomes the battleground for control.

Technical Signals Paint a Mixed Picture

Technical charts reveal a tug-of-war between cautious optimism and looming bearish energy. The 4-hour Relative Strength Index dropped to 33.9 on September 25, its weakest level since June. That plunge sparked a modest rebound as bargain hunters stepped in. Yet the broader trend remains heavy. Shiba Inu trades below every key moving average, showing gravity pulling prices downward.

The 7-day exponential moving average is about $0.0000122 and the 200-day is still higher at $0.000013. Until the price breaks above the shorter average, confidence remains minimal. The MACD histogram is still negative, coming in at -0.000000174, which continues to reflect some selling pressure. Without aggressive buying, upward momentum appears limited.

The Federal Reserve rate cuts on September 17 created some optimism in speculative markets. A number of traders were looking for an even more significant rally, but Shiba Inu couldn’t break above this critical resistance level of $0.00001359. There was a small bounce, but daily trading remains 35% below the 30-day average. That decline indicates traders continue to have skepticism about any lasting recovery.

Critical Support Holds the Spotlight

Support at $0.0000115 now feels like a fortress under siege. A decisive drop below that mark could invite bears to press harder. If Bitcoin strengthens and dominates overall sentiment, selling pressure may intensify further. Bulls need a sustained move above $0.0000122 to prove strength and shift the short-term trend.

Volume spikes will likely confirm any breakout. Until then, the market moves like a cautious dancer, each step measured. The current pattern reflects more than numbers on a screen; it reveals shifting emotions of fear and patience. Traders wait for a spark that could tilt the balance toward recovery or deeper decline.

Shiba Inu holds near $0.0000115 as traders debate the next direction. Technical readings show lingering bearish pressure despite a small rebound. A strong push above $0.0000122 could invite fresh buying. A break below $0.0000115 might give bears the upper hand.

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