#SHIB — Bearish Trend, Early Accumulation Signals Forming
SHIB is trading near 0.00000805, down ~3.5% on the day, with price still trending below the SuperTrend level near 0.00000947, keeping the broader structure bearish. Lower highs and sustained downside pressure confirm sellers remain in control for now.
However, momentum indicators are beginning to stabilize. RSi around 32 sits near oversold territory, showing selling pressure is weakening rather than accelerating. Price has entered a tight compression zone near recent lows, suggesting distribution is slowing and absorption is starting.
As long as SHIB holds above the 0.0000080 base, this favors range accumulation over immediate continuation lower. A trend shift will only be confirmed if price reclaims the SuperTrend zone with volume. Until then, this remains a patience phase — not a chase, not a panic sell.
