The popular meme coin Shiba Inu (SHIB) is experiencing sustained bearish momentum, with its price charts showing a clear downward trend. The token had a strong rally in early November but has since entered a consolidation phase with lower highs. This, along with a declining market cap, suggests a weakening bullish momentum and increased selling pressure. Despite this, SHIB's trading volume has increased, indicating continued interest from traders. Technical indicators, such as the MACD and RSI, further confirm the bearish outlook. Liquidation data also supports this trend, with more long positions being liquidated than short positions. The cryptocurrency's next move depends on whether it can hold above critical levels or if bearish momentum drives the price lower. If it breaks below certain levels, it may open the door for further declines, but if it regains momentum, it could indicate renewed bullish sentiment.



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