Shiba Inu bulls are looking for an exit opportunity: Is this that opportunity?

Shiba Inu (SHIB) continues its downward trend, reflecting the overall weakness of the meme coin market. Market sentiment remains cautious, and the lack of interest in meme tokens has caused most of these tokens to face prolonged declines.

Source: TradingView On the daily timeframe, the market structure has once again shifted to a bearish state. In February, imbalance zones on the daily chart (marked with white boxes) were expected to be filled before the downtrend continued. This was further supported by similarities with Fibonacci retracement levels. However, strong selling pressure prevented this expectation from materializing. Currently, the likelihood of a rebound to local highs is very low. A break below the local support level (blue dashed line) indicates a high probability that the price will continue to decline toward the $0.000005 mark.

The Accumulation/Distribution (A/D) indicator continues its downward trend, reflecting dominance by the selling force. Meanwhile, the MACD indicator has formed a bearish crossover below zero, signaling a negative momentum reversal.

Next Targets for SHIB

Source: CoinGlass The liquidity heatmap over the past three months has identified the levels of $0.000008, $0.0000075, $0.0000067, and $0.0000062 as potential liquidity zones above. If the price recovers to these areas, a liquidity sweep may occur, followed by a strong downward reaction.

Source: CoinGlass The two-week heatmap indicates an approaching downtrend. Traders may wait for a liquidity sweep signal before assessing the possibility of a short-term rebound to the $0.0000062 level.

Recommended Trading Strategy – Sell on Rebound

The short-term support zone has now turned into a resistance zone, becoming a supply area. Moving averages and the MACD indicator on the 4-hour timeframe both show that the downward momentum remains dominant.

Source: TradingView The downward trend of the A/D indicator over the past two weeks continues to reinforce the view that selling pressure is prevailing in the market.

A rebound to the resistance zone above and the liquidity cluster at $0.0000062 could present a selling opportunity. If the price breaks below $0.000005, the next target will be $0.00000389.