2026-1-21 13:30 |
Shiba Inu price has returned to an uncomfortable zone where small moves suddenly feel heavy. Recent candles show hesitation rather than confidence, and the structure forming on lower timeframes suggests that SHIB price may not be done correcting just yet. What looks calm on the surface starts to feel more fragile once the pattern underneath is examined closely.
TheCryptoBasic highlights that Shiba Inu has formed a bearish continuation pattern following a sharp 5% drop. This structure usually appears when sellers regain control after a brief pause, and that pause is now visible on the chart. SHIB price dropped quickly, bounced just enough to test prior levels, and then slipped into sideways movement that points toward lower demand zones.
This pattern becomes more concerning because it developed during a period of already weak momentum. Buyers attempted a recovery, but the follow-through lacked strength, leaving SHIB price vulnerable once resistance stepped in again.
SHIB Price Faces Rejection Near A Key Supply ZoneTheCryptoBasic notes that Shiba Inu recovered from its January 19 low of $0.00000745 to close at $0.00000814, which initially looked encouraging. That bounce, however, ran straight into a supply zone around the $0.0000081 area. A push toward $0.000008115 failed to hold, and rejection followed quickly.
This rejection matters because it confirms that sellers are defending that region aggressively. Once SHIB price slipped back below the supply zone, control shifted again, reinforcing the bearish continuation pattern rather than breaking it.
@thecryptobasic / XIf the current structure remains intact, TheCryptoBasic outlines a likely retest of the January 19 low near $0.00000745. That level already acted as a stress point during broader market weakness, which means it could be tested again if selling pressure continues.
A deeper move would not be out of character either. The chart suggests that SHIB price could slide toward the late December low around $0.00000682 if momentum fails to recover. These levels align with previous demand zones, making them natural areas where price could pause or consolidate.
SHIB Price Needs A Clear Break To Invalidate The Bearish SetupThere is still a path that changes the outlook, although it requires decisive action. TheCryptoBasic explains that Shiba Inu would need to sustain its recovery and push above the Tuesday high near $0.00000815. Such a move would invalidate the bearish continuation pattern and shift the structure back in favor of buyers.
Read Also: Analyst Expect XRP Price to Start Rallying Next Week: His Outlook
If that happens, SHIB price could attempt to reclaim the $0.0000084 region, which marked the start of the January correction. Until that level is broken with strength, caution remains part of the technical picture.
Shiba Inu price now sits at a point where patience and confirmation matter more than speed. The next move may not be dramatic at first, but it could reveal whether this correction still has room to run or if SHIB is preparing for another shift.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Shiba Inu Price Faces Fresh Downside Pressure as Bearish Structure Builds appeared first on CaptainAltcoin.
origin »ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru
|
