Shiba Inu Shows Resilience Amid Bearish Pressure, Eyes Potential Reversal

Shiba Inu (SHIB) has faced intense bearish pressure in recent weeks but remains resilient. Despite struggling to hold key support levels, recent price action suggests that bulls are not ready to give up. SHIB has been trading near a crucial price floor that previously acted as strong support during past corrections. This indicates that buyers are stepping in to prevent further declines.

A key aspect of SHIB’s movement is its attempt to break above a resistance level that has repeatedly caused rejections. If bulls manage to push beyond this barrier, SHIB could enter a consolidation phase before making a stronger upward move. However, failure to maintain this momentum may result in renewed selling pressure, as the overall market trend remains uncertain.

Technical indicators show mixed signals. Moving averages continue to align bearishly, limiting SHIB’s upside potential. However, the Relative Strength Index (RSI) is emerging from oversold conditions, hinting at a possible reversal. If SHIB sustains buying interest, it could recover lost ground, but its trajectory largely depends on the broader crypto market sentiment.

Further sell-offs in Bitcoin and major assets could weaken SHIB’s recovery, but its recent resilience suggests growing bullish confidence. If market conditions improve, SHIB may gain momentum for a bigger comeback. Traders should monitor key resistance levels and broader market trends to gauge SHIB’s next move.