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Shiba Inu price drops after failing to break key resistance, entering bearish reversal mode.

Technical Signals
06 Aug 2026
UToday
View Source
Bearish
pluang ai news

Shiba Inu (SHIB) price has sharply declined after failing to surpass the critical resistance level near $0.00000500, marked by the 50-day moving average. This rejection triggered a bearish reversal, with the price falling below the 20-day moving average and showing signs of weakening bullish momentum. Momentum indicators like RSI confirm reduced buying pressure, while increased exchange inflows suggest potential selling pressure ahead. The next support levels are around $0.00000465 and $0.00000445, with bulls needing to reclaim the 50-day moving average to regain control.

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