SHIB continues to remain under the control of the bears in recent days. While the Shiba Inu coin price is down 1.26% today, negative funding rates indicate that traders are strongly holding short positions. Looking at Coinglass data, red funding values appear repeatedly; this suggests that speculators expect further decline.

The technical picture is also weak. Shiba Inu coin is trading below $0.00000508, and lower highs and lower lows indicate a downtrend. The Aroon Oscillator remains at -71, signaling a strong bearish trend, while the Awesome Oscillator also shows downward momentum with red candles below zero. The trend could continue downward unless resistance levels are regained.

Despite a 0.10% decrease over 7 days and a 1.02% increase over 30 days, the overall picture remains bearish. Buyers have yet to show any reversal signals.