Shib has dropped below a crucial support level of $0.000006, indicating ongoing selling pressure. while not a confirmed collapse, it suggests difficulty for bulls to defend key areas and a generally downward trend. the ability to reclaim $0.000006 will be critical for short-term direction.
The analysis is based on technical price action and support/resistance levels, which are common indicators in crypto trading. however, the crypto market is highly volatile and subject to external factors not fully captured in technical analysis alone.
The price has broken below a significant support level ($0.000006) and is currently consolidating below it. moving averages are acting as resistance, and rallies are seen as relief moves rather than reversals. immediate downside risks are highlighted, with key support levels at $0.0000055 and $0.0000050.
The article emphasizes that 'upcoming sessions will be crucial in establishing the short-term course' and focuses on immediate support and resistance levels, indicating a short-term outlook.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Following months of declining price action, Shiba Inu has dropped below the crucial $0.000006 level, indicating the ongoing pressure on the asset. While a collapse is not always confirmed by the breakdown, it does indicate that bulls are having difficulty defending important support areas, as the overall trend continues to be skewed downward . Since SHIB is currently attempting to stabilize just below that psychological threshold, the upcoming sessions will be crucial in establishing the short-term course. Advertisement Advertisement Shiba Inu in losing position A rising short-term trendline supports the price's attempt to construct a modest recovery from recent lows, according to the current structure. Nevertheless, there is still little momentum, and the asset is still below significant moving averages, which serve as resistance. Practically speaking, this indicates that SHIB is operating from a vulnerability. The market will probably view rallies as relief moves rather than verified reversals, as long as it remains below the lost $0.000006 region. SHIB/USDT Chart by TradingView It is safe to say that SHIB's ability to recover is not nonexistent, and it can maintain its position above $0.000006. That level is now the first major battleground since it changed from support to resistance. If buyers are regaining control, a sustained move back above it could pave the way for a more robust rebound. The focus remains on downside risks in the absence of that recovery. HOT Stories Crypto Market Review: XRP's Double Bottom Could Be Key, Bitcoin Is Literally on the Edge, Shiba Inu (SHIB) Price Is Trapped Now Strategy on Track to Reach 750K BTC as Saylor Teases Another Purchase You Might Also Like Mon, 02/23/2026 - 05:17 Bitcoin Plunges Below Key Level. Is $45K Next? By Alex Dovbnya Advertisement It is obvious what the next levels will be. In line with recent local lows and the rising trendline that has momentarily slowed the decline, the first support is located close to $0.0000055. More selling pressure might be generated if this zone is broken . The next significant structural level below that is $0.0000050, where buyers have previously expressed interest and where the market may try to reach another base. Resistance at $0.0000065 is crucial on the upside; regaining it would enhance market structure and indicate the possibility of an early recovery. Expectations should stay balanced moving forward. While SHIB is not yet displaying significant bullish momentum, it is attempting to prevent a more severe breakdown by consolidating close to support. #Shiba Inu #Shiba Inu (SHIB) Price Prediction