Shiba Inu (SHIB) Price Analysis: Bears Maintain Control Amid Negative Funding Rates

Shiba Inu remains in a clear downtrend as negative funding rates and weak momentum indicators signal sustained bearish pressure.

The Shiba Inu (SHIB) 1-day chart shows an early rally toward the $0.0000057 region before sellers regained control, dragging the price back into the $0.0000053 zone. SHIB is now trading near $0.000005323, down roughly 3.9% over the past 24 hours.

Futures volume stands at $201 million compared to $37.4 million in spot volume, signaling heavier derivatives activity. SHIB’s market cap is approximately $3.15 billion, with open interest at $60.8 million.

Performance metrics show sustained weakness across higher timeframes. Shiba Inu is down 11.35% over 7 days, 21.67% over 30 days, and 37.04% over 90 days. Overall, price action suggests fading upside momentum and continued pressure unless buyers reclaim recent intraday highs. Where’s Shiba Inu headed?

On the daily chart, Shiba Inu remains in a clear downtrend, with price continuing to print lower highs and lower lows while hovering near recent support around $0.00000508. Immediate resistance appears around the $0.00000726 region, where prior breakdowns and failed rebounds occurred.

Recent candles show persistent selling pressure, with recovery attempts fading before reclaiming those overhead levels, reinforcing bearish control of the broader structure. Momentum indicators support this outlook.

The Aroon Oscillator is deeply negative near 71, signaling strong bearish trend dominance and limited bullish strength. Meanwhile, the Awesome Oscillator remains below the zero line, with red histogram bars reflecting ongoing downside momentum.

Although there are minor signs of contraction in selling pressure, neither indicator has shifted decisively bullish. This suggests that the trend remains vulnerable to further downside unless resistance levels are reclaimed.

Meanwhile, Shiba Inu’s OI-weighted funding rate has remained predominantly negative in recent days, reflecting persistent bearish positioning in the derivatives market. Coinglass’ chart shows repeated stretches of red funding prints, indicating that short traders are paying to maintain their positions. This aligns with the broader price decline, as SHIB continues to trend lower while speculative sentiment leans defensive.

While there are intermittent spikes into positive territory, these green bursts have been brief and unsustained, suggesting that bullish conviction remains limited. The combination of falling prices and consistently negative funding implies that traders are positioning for further downside.