Shiba Inu continues to trade under strong bearish pressure, with its broader market structure still pointing lower despite early signs that selling momentum may be easing. This assessment comes from market commentator Dukes Markets Analysis, who shared the outlook in a recent TradingView publication titled “SHIB: From Meme Queen to New Historic Lows.” Bearish Trend Remains Firmly Intact for Shiba Inu According to Dukes, Shiba Inu remains below both its 50-day and 100-day Exponential Moving Averages (EMAs), two widely used indicators for identifying the prevailing market trend.

Visit Website

Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023. According to analysts, Shiba Inu's recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.

Visit Website

Shiba Inu is showing early bullish divergence signals as its price challenges a descending trendline, sparking optimism over a rebound. Shiba Inu (SHIB) is beginning to attract attention as two early signs show a bullish development could be on the horizon.

Visit Website

Shiba Inu continues to follow a well-defined downtrend pattern, with the latest price action reinforcing the broader bearish structure. The Shiba Inu (SHIB) chart shows sellers maintaining control through a series of lower highs, while each recovery attempt has not been sustainable.

Visit Website