Author's Summary
Shiba Inu (SHIB Shiba Inu) faces a deepening downtrend, trading near $0.00000851 after repeated rejections at the descending channel's top, with sellers firmly defending key resistance levels amid persistent bearish EMA signals. (162 characters)
Current Market Position
SHIB currently trades around $0.00000851 following yet another rejection at the upper boundary of its descending channel. Sellers continue to dominate, blocking every attempt at a rally near $0.000009. This pattern underscores the ongoing bearish pressure in the near term.
Technical Indicators
The EMA cluster remains firmly bearish, reinforcing the downtrend. Sellers are actively defending the critical range from $0.00000880 down to $0.000008. Recent forecasts align with this sentiment, showing prices hovering around $0.00000851-$0.00000864 as of late November 2025.
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