SHIB’s Price Drops 3.66%, But 24-Hour Trading Volume More Than Doubles to $359M

Shiba Inu struggles at support as trading volume surges past $359 million daily Bearish signals mount with RSI below 50 and MACD showing no bullish momentum Open interest rises slightly to $19.8M, showing cautious trader participation Shiba Inu (SHIB) is showing clear signs of strain in the short ￰0￱ token slid 3.66% over the past 24 hours, settling near $0.00001230. Its market cap now stands at $7.25 ￰1￱ underneath the negative price action, a massive spike in trading volume tells a more complex story. Here’s a direct breakdown of what the market is asking and what the data ￰2￱ Is the SHIB Price Down Today? The trend bias for SHIB is negative on the daily ￰3￱ token has been stuck in a pattern of lower highs and lower lows, which is a classic sign of a ￰4￱ weakness is confirmed by the key momentum ￰5￱ daily price chart,) is at 43.98, below the neutral 50 ￰6￱ suggests that sellers are still in control of the market’s direction as Shiba Inu Faces Pressure and …