Shiba Inu (SHIB) is experiencing notable selling pressure amid broader market unease, even as geopolitical sentiment improves with progress in U.S.–China trade relations.

The meme-based token has entered a pronounced downtrend, marked by a consistent pattern of lower highs and the breakdown of several critical support levels—signaling weakening bullish momentum.

Key Technical Developments:

• SHIB saw a sharp 6.4% decline, dropping from 0.0000159 to a session low of 0.0000149. The total intraday range was 0.0000012, reflecting a 7.5% swing.
• The price action broke beneath key support levels at 0.0000156 and 0.0000152, confirming a downward trajectory.
• At 07:00 UTC, a wave of heavy selling sent SHIB tumbling to 0.0000149. Trading volume spiked to 1.43 trillion tokens—almost double its daily average.
• Technical structure now shows resistance at 0.0000152 and support at 0.0000148, suggesting possible consolidation in the short term.
• Intraday volatility peaked between 13:33 and 13:36 UTC, with a sharp drop to 0.0000147 and a surge in volume past 83 billion SHIB.
• Following the dip, SHIB rebounded in a V-shaped pattern, recovering to 0.0000149 as renewed buyer interest emerged.

Despite improving macro developments, including easing trade tensions between the U.S. and China, crypto markets remain sensitive to broader economic signals. For SHIB, sustained recovery will depend on whether it can hold above key support and attract follow-through buying in the coming sessions.