SHIB Tests Lower Bollinger Band as Selling Intensifies — Support at $0.00000630, Risk to $0.0000058

Published: 2026-02-05 09:09:18 |

Shiba Inu (SHIB) has moved from a stalled recovery into intensified selling pressure. Price fell as much as 4.3% in 24 hours and is trading around $0.0000065 after ranging between $0.00000647 and $0.00000681. Market cap is roughly $3.81 billion and 24‑hour volume near $188.3 million. SHIB shows persistent bearishness — down about 18.8% over 14 days and 30.4% over 30 days. Technicals: price is testing the lower Bollinger Band (~$0.00000630), a key short‑term support; the True Strength Index (TSI) sits at −27.43 which favors sellers. Immediate resistance aligns with the upper Bollinger Band (~$0.000008636); a decisive breakout above that would be required to attract momentum buyers and target higher levels such as $0.00001. Liquidations in the past 24 hours totaled roughly $135.97K (≈$120.24K longs, $15.74K shorts), with concentrated long liquidations indicating leveraged long positions are under pressure. Compared with an earlier update that showed SHIB trading nearer $0.0000078 and stuck below $0.00000850, the latest piece shows deeper downside and increased selling volume — the recovery stalled earlier and has now given way to renewed bearish momentum. Traders should watch the lower Bollinger Band support (~$0.00000630), liquidation flows, intraday volume, and whether SHIB can reclaim the $0.0000086–$0.0000087 area to signal a reversal. Failure to hold $0.00000630 could open the path toward $0.0000058 or lower. This is informational and not financial advice.

Bearish

The combined reporting shows increasing selling pressure and deteriorating technicals for SHIB. Key short‑term support — the lower Bollinger Band at roughly $0.00000630 — is being tested and TSI is negative, indicating momentum favors sellers. Concentrated long liquidations and elevated 24‑hour volume point to forced deleveraging which can accelerate downside. Resistance near $0.0000086–$0.0000087 remains intact and would need a clear breakout to shift sentiment. In the short term, these signals raise the probability of further declines toward $0.0000058 if support fails. Longer term, persistent lack of buying pressure and repeated failures to reclaim higher resistance keep the outlook negative until a sustained volume‑backed recovery occurs. Therefore the expected price impact on SHIB is bearish.