Shiba Inu (SHIB) Faces Continued Decline as Market Turns Bearish

Shiba Inu (SHIB) is experiencing downward pressure amid a broader market downturn, dropping 1.03% in the past 24 hours to $0.00001329. Trading volume has plummeted by 29.11%, bringing the volume-to-market-cap ratio to just 1.54%, indicating reduced investor activity. At present, SHIB shows no clear signs of reversal, with the daily chart pointing to possible further declines—especially if the daily candle closes near its low. If support breaks, the price could fall to $0.00001315, or even $0.00001250. For now, SHIB is likely to trade sideways between $0.00001330 and $0.00001450 in the short term, reflecting an indecisive market lacking strong bullish or bearish control.