“SHIB isn’t consolidating — it’s being quietly drained.”
That’s the harsh reality many traders are refusing to accept as Shiba Inu continues to trend lower while hopium stays loud.
Based on the chart, SHIB/USDT remains locked in a well-defined descending channel, with price consistently respecting lower highs and lower lows. The market structure is still bearish, and every bounce so far has acted as liquidity for sellers, not a true reversal.
Price is currently trading below the 20/50/200 EMA cluster, confirming that sellers control momentum. The recent push toward the 0.0000088–0.0000090 zone was sharply rejected, right at the channel midline and pivot resistance (R1). That rejection triggered another breakdown toward 0.0000071–0.0000070, a key short-term demand area.
Momentum indicators add pressure:
RSI remains below 50 and is rolling over, showing weak bullish participation.
MACD has crossed back into bearish territory, signaling fading upside momentum after the brief January bounce.
There is no confirmed bullish divergence yet, meaning any long trade here is purely speculative.
🔹 Trade Setups
Buy (High-Risk Countertrend Bounce)
Entry: 0.0000070 – 0.0000072
Stop Loss: 0.0000066
Take Profit: 0.0000082 → 0.0000090
Only valid if price forms a strong rejection wick and volume expansion.
Sell (Trend Continuation – Safer Setup)
Entry: 0.0000085 – 0.0000090
Stop Loss: 0.0000096
Take Profit: 0.0000071 → 0.0000060
As long as SHIB stays inside the descending channel, selling rallies remains the dominant strategy. A daily close above 0.0000096 would invalidate the bearish bias and open the door for trend reversal.
📌 Bottom line: SHIB is not dead — but it’s not bullish either. Patience and level-based execution will decide who survives this phase.
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