Shiba Inu is facing a critical juncture in its price chart, with the asset approaching a significant level that could signal further losses. Since February, SHIB has been trapped in a downward trend, and current market conditions suggest more pain for investors. 26 EMA, a frequently acting technical resistance during bearish trends, remains unbroken and indicates buyers’ hesitance to intervene at the current price levels. Low trading volume adds to the pessimistic outlook, suggesting disinterest from institutional and retail players, leaving SHIB vulnerable to sudden steep declines. 7 50, 100, and 200 moving averages all remain below the token’s current price, confirming its bearish structure, while the RSI remains in a neutral zone with no signs of momentum. A potential breakdown could be accelerated by a break below the $0.00001 level, historically acting as a psychological support. This could lead to a panic-selling scenario and even a zero addition situation, resulting in another decimal place loss for SHIB. While the token still has the chance to drop further, it will need strong recovery to prevent this bearish phase from continuing. The next few days will be crucial to see if Shiba Inu can maintain its current trajectory or continue its downward plunge.