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Shiba Inu price dips 4.8% in 24 hours, signaling possible continuation of downtrend.

Technical Signals
06 Aug 2026
AMBCrypto
View Source
Bearish
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Shiba Inu (SHIB) experienced a 4.81% price drop in the past 24 hours after a 5.1% gain over the last month. Despite a strong rally at the end of July, technical indicators suggest the uptrend was only a temporary pullback within a longer downtrend. Key support at $0.0000046 is critical; a break below this could lead to further declines toward $0.0000034, a 26.6% drop from current prices. Traders are advised to watch this support zone closely for potential shorting opportunities, while a move above $0.0000052 would indicate a possible trend reversal.

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