Crypto Market Volatility Continues: SHIB Struggles Amidst Bearish Pressure

Shiba Inu (SHIB) is still struggling under intense bearish pressure, trading close to $0.0000041 after failing to sustain multiple attempts at recovery throughout July.

The asset has been in a long-term downtrend for most of 2026, with a distinct pattern of lower highs and lower lows on the chart.

SHIB fell sharply after losing the rising channel's lower boundary between March and May, and hasn't recovered any significant moving averages since.

The 50-day EMA is still above $0.0000045, while the 100-day and 200-day averages are significantly higher, supporting the bearish market structure.