Shiba Inu price is showing a short-term rebound, rising about 1.47% over the past 24 hours to trade near $0.000006870 after bouncing from intraday lows around $0.00000650. Price action shows lower highs followed by a sharp pullback, suggesting bears still have short-term control while buyers defend the lower support zone around $0.00000675. The muted volatility and flattening momentum indicate consolidation rather than a decisive trend, with upside moves likely facing resistance near $0.00000690 unless stronger buying interest returns. Shiba Inu Faces Crucial Weekly Decision Near $0.0000067 Shiba Inu (SHIB) is sitting at a critical inflection point on the weekly timeframe, where the $0.0000066721 level stands out as a major support zone highlighted by Ali Charts. Price has been trending lower with consistent lower highs, and the current structure shows SHIB pressing directly into this long-term demand area. Historically, this zone has served as a base of accumulation, making it a key line for bulls to defend to prevent a deeper breakdown. If SHIB holds above $0.0000066721, it could stabilize price action and open the door to a relief bounce toward higher resistance at $0.0000148062. However, a decisive weekly close below this support would likely expose SHIB to further downside, with lower targets near $0.0000029954 and even $0.0000013522 coming into play. From Ali’s perspective, everything hinges on whether buyers can step in here and protect this level. Shiba Inu Price Faces Bearish Pressure as Momentum Indicators Stay Weak On the 1-day timeframe, Shiba Inu remains in a clear short-term downtrend, with price action showing lower highs and lower lows. After a brief bounce attempt, SHIB failed to sustain upside momentum and rolled back toward the $0.0000067 area, indicating persistent selling pressure. The market structure suggests weak buyer conviction, and price is still struggling to reclaim key resistance levels, keeping the overall bias tilted bearish for now. Looking at the indicators, the MACD is in negative territory with the signal and MACD lines below the zero line, confirming bearish momentum and a lack of trend reversal signals. Meanwhile, the RSI is hovering around 34.89 , approaching oversold conditions but not yet showing a strong bullish divergence. This combination points to continued downside risk, though a short-term relief bounce could occur if momentum begins to stabilize near current levels.
