SHIB Struggles Below Ichimoku Cloud Amid Heavy Overnight Selling Pressure

Shiba Inu (SHIB) encountered significant selling pressure overnight, slipping below its Ichimoku Cloud support—a technical signal often associated with bearish momentum.

After rallying to 0.00001307, SHIB’s price reversed sharply, hitting lows near 0.00001274 during early trading Monday. The token’s failure to sustain gains above the cloud suggests the bears have the upper hand for now.

The Ichimoku Cloud, a key indicator used to identify support and resistance zones, highlights increased downside vulnerability when prices trade beneath it. SHIB’s recent price action reflects a cautious market environment, further pressured by macroeconomic uncertainties and geopolitical tensions weighing on crypto sentiment.

Key points from recent trading include:

• Intense selling capped SHIB’s rally at 0.00001307 during late Sunday sessions.
• Buyers offered support around 0.00001275, preventing a deeper slide in the early hours.
• A brief morning recovery was short-lived, with prices retreating after reaching 0.00001293.
• Declining volume in the final trading hours suggests consolidation but little immediate upside.

Analysts warn that until SHIB breaks above the Ichimoku Cloud, bearish trends could continue, with investors closely watching whether support zones can hold amid volatile market conditions.