I just checked SHIB again and noticed that the downtrend is still dominating the market. The price is currently around $0.000005323, but more notably, all indicators point to prolonged weakness. The Aroon Oscillator is deeply negative at -71, the Awesome Oscillator remains below zero with consecutive red bars — all indicating that selling pressure still prevails.

Looking at the funding rate, I see it has remained negative in recent days, suggesting that short traders are maintaining their positions. Derivative volume (201 million USD) is also higher than spot volume (37.4 million USD), reflecting strong speculative activity. Over 7 days, SHIB has decreased by 11.35%, over 30 days by 21.67%, and over 90 days by 37.04% — these figures show that the pressure is not surprising.

Based on SHIB price analysis, the nearest support level is around $0.00000508, but if it breaks below, further decline could occur. The resistance at $0.00000726 has failed several times. In fact, recovery attempts have weakened before regaining this level, indicating buyers lack strength. Market sentiment remains cautious, and unless there are strong positive signals, the downtrend will continue. This is a time to wait and observe further.