The SHIB/USDT 1-hour chart reflects a phase of consistent weakness and fading bullish momentum. After multiple failed recovery attempts, Shiba Inu is now trading near a crucial support zone that could determine its next short-term direction. Let’s take a detailed look at the chart structure, market behavior, and possible scenarios ahead.
Market Overview
At the time of observation, SHIB/USDT is trading around 0.00000776, showing a steady decline from earlier highs near the 0.00000850–0.00000860 region. Over the last few sessions, selling pressure has dominated the market, keeping SHIB in a clear short-term downtrend.
Market sentiment appears risk-averse, with buyers lacking confidence and sellers maintaining control on most upward attempts.
Price Action Analysis
Key price action insights from the chart include:
A series of lower highs and lower lows, confirming a bearish trend structure.
Strong bearish candles during breakdown phases, especially around the 0.00000810–0.00000820 area.
Failed bullish pullbacks, indicating weak buying interest.
Recent price action showing tight consolidation near 0.00000770–0.00000780, suggesting short-term stabilization after the drop.
This type of consolidation often occurs when the market pauses before deciding its next move.
Key Support and Resistance Levels
Identifying critical zones is essential in the current environment:
Immediate Support:
The 0.00000770–0.00000771 zone is acting as short-term support. Buyers are attempting to defend this area.Major Resistance:
The 0.00000795–0.00000810 region has become a strong resistance, where sellers repeatedly step in.Higher Resistance:
Around 0.00000840–0.00000860, the origin of the previous major sell-off.
A clean breakdown below 0.00000770 could open the door for further downside, while a strong breakout above 0.00000810 would be needed to shift momentum.
Volume Analysis
Volume spikes are clearly visible during sharp sell-offs, confirming strong seller participation. In contrast, consolidation phases show declining volume, signaling market indecision and reduced buying pressure.
For a sustainable recovery, SHIB will need a noticeable increase in volume accompanying bullish candles.
Possible Scenarios Ahead
Bearish Continuation:
If SHIB fails to hold the 0.00000770 support, another leg down could occur as stop-losses are triggered.Sideways Accumulation:
Price may continue ranging between 0.00000770 and 0.00000810, forming a base before a bigger move.Short-Term Relief Bounce:
A strong bounce with volume above 0.00000810 could trigger a temporary recovery toward higher resistance levels.
Market Psychology
As a meme-driven asset, SHIB is highly sensitive to sentiment. After sharp declines, markets often enter a cool-off phase, where traders observe rather than act. This results in low volatility and choppy price action near support zones.
Conclusion
SHIB/USDT is currently trading at a critical decision-making level. While the broader trend remains bearish, the slowdown in selling pressure near 0.00000770–0.00000780 suggests the possibility of short-term stabilization.
However, without a clear breakout and strong volume support, upside moves may remain limited. Traders should remain patient, wait for clear confirmation, and prioritize risk management in this uncertain market environment.
In volatile markets like SHIB, discipline and patience are often more profitable than prediction.
