The price of Shiba Inu (SHIB) has fallen 10% over the past week, indicating weakening momentum and a bearish shift in market sentiment. Key indicators like the Relative Strength Index (RSI) and Directional Movement Index (DMI) show a loss of buying momentum and increased selling pressure. While SHIB's downtrend lacks significant strength, continued selling pressure could push the price towards key support levels. However, if the price recovers above critical resistance, it could signal a potential reversal and renewed bullish momentum in the short term. The RSI is currently at 40.4, indicating a bearish-neutral range without reaching oversold levels. The ADX is at 19.13, indicating a weakening downtrend. If the downtrend persists, the price could test the support level at $0.0000198, while a recovery and break above the resistance at $0.000022 could lead to higher price levels. The $0.000022 resistance and $0.0000198 support are key thresholds for determining SHIB's short-term outlook.



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