Shiba Inu Price Prediction: SHIB Traders Turn Cautious as Outflows Keep Building Below Zero

• SHIB trades below mid-range Fibonacci, forcing bulls to defend support to avoid losses
• Ichimoku cloud caps rebounds, keeping SHIB in correction while sellers print lower highs
• Falling open interest and negative spot flows show leverage unwinding and weak demand

Shiba Inu (SHIB) has started to cool off after a strong 4-hour breakout rally, with price now retreating into a key support pocket. The latest pullback has placed SHIB back under pressure, as sellers force a series of lower highs and keep recovery attempts capped. 

At the time of writing, SHIB traded near $0.00000793, which sits below key mid-range Fibonacci levels. This positioning suggests the market has shifted into a cautious phase, where buyers must defend support quickly to avoid a deeper slide.

SHIB Slips Below Key Fibonacci Levels

Market watchers have pointed to SHIB’s rejection near the 1.0 …

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