Shiba Inu Faces Resistance, Losing Ground Amidst Bearish Signals

Shiba Inu’s price is under pressure this week, struggling to hold its support level after failing to reclaim key resistance levels. A decline of over 3 percent in the past 48 hours has sent SHIB trading around $0.00001310 as sellers remain in control. This follows a clear rejection near the $0.00001480 to $0.00001500 range, which coincided with the 38.2 percent Fibonacci retracement of the April rally. This triggered a gradual decline toward the 61.8 percent retracement zone, where SHIB is now exhibiting limited signs of a rebound.