Shiba Inu Faces Continued Bearish Pressure, Drops 1.7%

2025-12-24 16:47

Shiba Inu (SHIB) continues to face bearish pressure, with its price dropping 1.7% over the past 24 hours, trading between $0.00000697 and $0.00000717. Over the past week, SHIB has declined by 10.4%, and it has seen an 18.7% decrease over the last 14 days. The token is approaching the 1.618 Fibonacci extension level at $0.0000063511, with a breakdown below $0.0000075563 posing a significant concern. Technical indicators show the Stochastic RSI remains above the oversold territory, suggesting potential for further declines. Additionally, Coinglass reports a negative Volume-Weighted Funding Rate, indicating bearish sentiment in the market.

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