SHIB’s recent rebound has stalled, with the cryptocurrency currently trading in the red zone according to CoinMarketCap. The price of SHIB has fallen by over 3.58% in the past 24 hours. Analyzing the hourly chart, traders observe a bearish trend with a potential decline to $0.000012 if the daily bar closes below the support level. The outlook on the daily timeframe is also bearish, as buyers may be unable to counter the downward pressure, potentially leading to a breakout and further decline towards $0.00001150. At this time, no reversal signals have emerged for SHIB. Focus should remain on the immediate support area of $0.000012. However, if SHIB manages to break out above the current level, accumulated energy might lead to a test of the support of $0.00001078.