Shiba Inu (SHIB) continues to trade under bearish pressure, with price action confined within a descending channel. Over the last 24 hours, SHIB managed only a marginal gain of 1.08%, trading at $0.00001248 at the time of writing. Despite this slight uptick, Shiba Inu has experienced a decline in volume by 5.08% to 195.89 over the last 24 hours. Traders are closely watching the price behaviour near the highlighted “future buy region,” which could determine SHIB’s next decisive move.

SHIB on the Verge of a Breakout

In the past day, SHIB has struggled to establish meaningful momentum. The hourly chart shows the token moving consistently inside a well-defined downward channel, marked by lower highs and lower lows. Price briefly tested resistance within the channel but quickly retraced, confirming bearish dominance.

The minor bounce from $0.00001243 to $0.00001250 highlights attempts by buyers to reclaim control, yet the broader trend still points downward. Unless SHIB breaks above the channel, the risk of continued downside remains.

What Do the EMA Indicators Suggest?

The Exponential Moving Averages (EMA 20, 50, 100, and 200) reinforce the current bearish bias. At present:

• The 20 EMA ($0.00001251) and 50 EMA ($0.00001249) are acting as immediate resistance overhead.
  
• The 100 EMA ($0.00001259) and 200 EMA ($0.00001277) sit further above, creating a ceiling that SHIB must break for a bullish reversal.
  

Since SHIB is trading below all major EMAs, the technical setup strongly suggests that momentum remains with the sellers. A successful reclaim above the 20 EMA could provide short-term relief, but a true trend reversal would require a break above the 200 EMA.

The Future Buy Region as a Critical Zone

The chart highlights a “future buy region” between $0.00001150 and $0.00001200, which stands out as a potential accumulation area. If SHIB continues to decline within the channel, this region could provide strong support and trigger buyer interest. Historically, such levels attract renewed momentum, offering a base for a possible rebound.

However, if SHIB fails to hold this region, it risks extending its losses further, potentially erasing the gains made during the last rally earlier in August. This makes the upcoming sessions crucial for long-term holders and short-term traders alike.

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Market Outlook for the Next 24 Hours

For the immediate outlook, SHIB faces two possible scenarios. A bounce above $0.00001260 could signal a short-term reversal, paving the way toward $0.00001300 and beyond. Conversely, rejection from the EMAs may push the token lower, testing the future buy region around $0.00001180–$0.00001200.

Given the persistent bearish structure, caution dominates sentiment. Buyers must demonstrate conviction to alter the trajectory, while sellers remain in control until proven otherwise.

Conclusion

Shiba Inu (SHIB) trades at $0.00001248, reflecting its struggle inside a descending channel despite a small daily gain of +0.08%. EMA levels continue to cap upside attempts, and the future buy region around $0.00001150–$0.00001200 will be critical to watch. If this support holds, SHIB could stage a recovery; if not, the token risks deeper declines. For now, the trend remains bearish, but buyers are waiting for their chance to step in at lower levels.