The 1-hour chart of SHIB/USDT shows that there has been pressure in the market for quite some time, but now short-term stability is also visible. Shiba Inu is currently trading around 0.00000793, which is significantly below previous higher levels. This price zone is very important, as there is strong competition between buyers and sellers here.
Market Overview: After Failed Rallies, Gradual Weakness
Initially, SHIB attempted several short-term rallies up to the area of 0.0000084–0.0000086, but each time strong selling pressure emerged. This indicates that the bulls still lack the strength to sustain the price upwards.
After that, the price started making lower highs and continued to move down gradually. Eventually, sellers took control, and the price dropped to the 0.0000077–0.0000079 zone, where consolidation is now occurring.
Key Support and Resistance Levels
Some important zones are very clear on the chart:
Major Support: 0.0000077 – 0.0000079
This is the current demand zone. From here, buyers are preventing the price from going down. If this level breaks, selling pressure could increase.Immediate Resistance: 0.0000081 – 0.0000083
For short-term recovery, SHIB will need to reclaim this zone with strong volume.Strong Resistance: 0.0000085 – 0.0000087
This area has previously been a zone of heavy selling, and pressure may return here on future rallies.
Volume Analysis: Selling Pressure is Slowing Down
Recent red candles with volume spikes indicate panic selling and stop-loss hits. However, as the price stabilized near the current support, volume started to normalize. This often signals that sellers are getting tired.
If there is a clear increase in green volume, it could be an early signal of buyers' confidence returning.
Trend Structure: Short-Term Bearish, But Neutral at Support
On the 1-hour timeframe, the trend is still bearish due to the presence of lower highs and lower lows. However, the price is now at strong historical support, so the overall structure can be considered neutral-to-bearish.
If the price closes above 0.0000083, this will be the first signal of a potential trend change.
Upcoming Possible Scenarios
Relief Bounce Scenario:
If 0.0000077 support holds, then SHIB 0.0000083–0.0000085 could bounce up to.Further Breakdown Scenario:
If the price breaks strongly below 0.0000077, the next target could be 0.0000074 or even lower.Sideways Consolidation:
The price may remain in a range between 0.0000077 and 0.0000081 for some time to build energy for the next big move.
Final Thoughts
Shiba Inu is currently in a make-or-break zone. The short-term trend is weak, but due to strong support below, there is also a chance for a relief rally. Caution is necessary for any upside move without volume confirmation.
For traders, the most important thing is patience and proper risk management. 0.0000077–0.0000079 support zone will decide SHIB's reaction whether this phase will become accumulation or another dump.
