Shiba Inu price loses its range-low support, with price now targeting $0.000069 as bearish momentum strengthens and downside continuation remains likely.
Summary
- SHIB loses key range low support, confirming bearish momentum.
- Next downside target sits at $0.000069 swing low.
- Recovery requires daily close back above the broken range low.
Shiba Inu’s (SHIB) price structure has turned increasingly bearish as price action has broken below its established range low, confirming the loss of key support and opening the door to lower targets.
After consolidating for several months within a defined range since early February, SHIB has now lost directional balance, with price action shifting toward a corrective trajectory targeting the $0.000069 level.
Shiba Ina price key technical points
- Loss of Range Support: Price has broken below the long-standing range low, confirming bearish control.
- Next Downside Target: $0.000069 serves as the next key swing low target for continuation.
- Failed Reclaim: Previous attempts to retake the value area high and Point of Control (POC) were rejected.
For months, Shiba Inu has traded within a well-defined range, oscillating between its high time frame resistance and support levels. This structure provided a period of stability, but recent weakness has seen the lower end of this range decisively breached. The value area high, which previously aligned with the point of control, acted as the final zone of resistance before sellers regained dominance.
Following this rejection, SHIB has been unable to maintain upward momentum, and price action has begun expanding to the downside. The breakdown from the range low confirms a shift in sentiment, with the next logical target now set at $0.000069, the previous swing low. This level represents a key zone of historical liquidity, where demand could potentially re-emerge if volume supports accumulation.
However, until price reclaims the broken range low on a daily closing basis, the bias remains bearish. The ongoing lack of bullish volume further reinforces the probability of continued downside pressure. If $0.000069 fails to hold, the market could extend even lower into untested demand zones below, deepening the corrective phase.
What to expect in the coming price action
Shiba Inu’s short-term outlook remains bearish while trading below the former range low.
A continuation toward $0.000069 is the most probable scenario given the lack of recovery volume. If price stabilizes at this level with increasing demand, a short-term rebound could develop.
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