Shiba Inu Stabilizes Near Historic Lows, but Bears Retain Control Below Key Level
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Shiba Inu (SHIB) remains under strong bearish pressure and is trading below both its 50-day and 100-day EMAs, with market structure pointing toward new historic lows according to Dukes Markets Analysis on TradingView. Although selling momentum may be easing slightly, bears retain control below a critical resistance level, signaling continued downside risk for the token and crypto traders.
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Shiba Inu continues to trade under strong bearish pressure, with its broader market structure still pointing lower despite early signs that selling momentum may be easing. This assessment comes from market commentator Dukes Markets Analysis, who shared the outlook in a recent TradingView publication titled “SHIB: From Meme Queen to New Historic Lows.” Bearish Trend Remains Firmly Intact for Shiba Inu According to Dukes, Shiba Inu remains below both its 50-day and 100-day Exponential Moving Averages (EMAs), two widely used indicators for identifying the prevailing market trend.
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