Shiba Inu Faces Downside — Could Price Fall to $0.0000055 Next?

• Bearish Structure: SHIB trades below a descending trendline, confirming ongoing selling pressure and weak momentum.

• Key Support: $0.0000055 serves as critical support if sellers continue dominating price action.

• Resistance Levels: $0.0000065 and higher zones must break for a potential short-term trend reversal.

Shiba Inu has struggled to regain footing after recent market pullbacks. Sellers currently dominate short-term price action, keeping SHIB under pressure. Attempts to rally above key resistance near $0.0000065 have repeatedly failed. Analysts are now examining the token’s technical setup to determine whether a deeper correction toward $0.0000055 is likely. With momentum fading and bearish structure intact, traders remain cautious about potential downside in the coming sessions.

🚨 SHIBA VOLATILITY:

Shiba Inu dropped sharply over the weekend, falling to around $0.00000635 and wiping out months of gains as altcoins faced broader market weakness and declining risk appetite.

The team is now shifting narrative toward long-term utility, pointing to… pic.twitter.com/dAvICFrHba

— Reality On Chain (@RealityOnChain) February 6, 2026

SHIB Remains Within a Bearish Structure

Analysis of the SHIB/USDT 30-minute chart shows the token trading inside a clear bearish formation. A descending trendline defines this structure, reinforced by a series of lower highs and lower lows. This setup confirms ongoing selling pressure, with buyers struggling to assert control. Recent activity saw SHIB drop sharply alongside the broader crypto market, hitting a low near $0.0000055 before a minor rebound.

However, gains faded quickly as the price failed to breach descending resistance around $0.0000065. Analysts highlight that SHIB now consolidates below the main trendline, while a weak rising support line forms beneath. This creates a tightening compression zone, signaling fading bullish strength and potential for further downside. The descending trendline acts as dynamic resistance, strengthened by several previous rejection points.

Unless SHIB breaks decisively above this barrier, the technical outlook favors renewed downward movement. Analysts suggest a retest of the $0.0000055 level is possible if sellers continue controlling price action. This zone served as support during last week’s dip, making it a critical area to watch for short-term traders.

Next Moves and Market Outlook

After trading near $0.0000062 yesterday, SHIB lost momentum and slid to around $0.0000060, reinforcing the bearish trend. Over the past 24 hours, the token fell 1.69 percent and extended its weekly decline to 12 percent. SHIB has also lost over 30 percent in the past 30 days and is down 13.2 percent year-to-date, reflecting persistent selling pressure.

Immediate resistance for SHIB sits at $0.0000065, followed by higher barriers at $0.00000705 and $0.00000847. On the downside, $0.00000562 serves as the nearest support zone. Traders are closely monitoring these levels, as a breach could accelerate downside toward $0.0000055. Conversely, a decisive breakout above resistance would suggest a potential short-term trend reversal, invalidating the current bearish bias.

For now, Shiba Inu remains technically fragile, with sellers controlling price action and downside pressure dominating. The token continues to trade within a tightening structure, making near-term moves dependent on breaking key resistance or support. While $0.0000055 represents a likely target if the bearish trend continues, traders should also watch for signs of reversal that could shift momentum. Market participants are advised to manage risk carefully as SHIB navigates this critical phase.