Shiba Inu (SHIB) continues to face headwinds in its attempt to rebound, with its price unable to reclaim the critical resistance level of $0.0000136. Currently hovering near $0.0000111—its lowest point since March—SHIB remains range-bound amid ongoing market uncertainty.
Despite multiple efforts to spark a recovery, the memecoin has failed to gain meaningful traction, lagging behind broader crypto market trends. While Bitcoin has recently seen a strong breakout, SHIB’s performance remains subdued due to weak trading volumes and consistent selling pressure.
Technical analysis paints a cautious picture. The token is still trading below all major moving averages, and momentum indicators remain in bearish territory. On-chain data further supports this bearish outlook, with long-term holders appearing to offload their positions rather than accumulate more tokens.
The $0.0000136 resistance level has now become a key battleground. A decisive break and close above this mark would be needed to flip the short-term structure bullish and potentially ignite a broader recovery. Until then, analysts warn that SHIB remains at risk of further downside if demand does not return.
Investors and traders alike are closely monitoring price action for signs of renewed strength. Without a strong shift in momentum or a breakout above resistance, SHIB’s path forward remains uncertain and tilted to the downside.
July 2025, Cryptoniteuae
