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Shiba Inu drops 16% amid market sell-off but bullish trend remains intact.

Technical Signals
23 Aug 2026
AMBCrypto
View Source
Bearish
pluang ai news

Shiba Inu (SHIB) fell 16.13% to $0.0000052 after a recent surge, pressured by intense selling amid global market uncertainties and tariff tensions. Trading volume dropped 63%, signaling a market cooldown, with heavy sell volumes on both spot and derivatives markets. Despite this, technical indicators like the Directional Movement Index and RSI suggest the overall bullish trend is still intact, with a key resistance level at $0.0000060. If selling pressure continues, SHIB could fall further to $0.0000047, but a rebound above $0.0000060 would invalidate bearish outlooks.

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