The post SHIB Slides as Key Support Faces Fresh Selling Pressure appeared on BitcoinEthereumNews.com.

Shiba Inu price today trades near $0.0000094 after a sharp 6% decline. RSI signals oversold, but on-chain data shows $3.2M outflows. $0.0000090 support remains critical; a break could open $0.0000080. Shiba Inu price today is trading near $0.0000094, down more than 6% as fresh selling pressure weighs on the broader crypto market. The token is holding just above its multi-month support at $0.0000090–$0.0000092, a zone that has repeatedly acted as a last defense through 2025. Shiba Inu Price Extends Decline Under Key EMAs SHIB Price Dynamics (Source: TradingView) On the daily chart, Shiba Inu remains below all major exponential moving averages. The 20-day EMA stands at $0.0000112, while the 50-day and 100-day EMAs cluster near $0.0000124 and $0.0000132. The 200-day EMA at $0.0000138 highlights the broader downtrend. A descending trendline from April’s peak at $0.000018 has acted as dynamic resistance throughout the year, rejecting every rally attempt. The Parabolic SAR also signals further downside, sitting above current prices. Related: Bitcoin Price Prediction: BTC Slides as BlackRock Triggers $1 Billion Sell-Off If SHIB closes under $0.0000090, the next downside targets appear at $0.0000085 and $0.0000080, both marking prior liquidity pockets. Price action remains restricted by heavy technical barriers and weak demand recovery. RSI Signals Oversold Conditions SHIB Technical Analysis (Source: TradingView) Shorter timeframe charts show a possible relief setup. On the 3-hour chart, RSI is near 25, signaling oversold conditions that could support a rebound. However, the Supertrend indicator remains bearish, with resistance around $0.0000097 blocking recovery attempts. For bulls to regain momentum, SHIB must reclaim $0.0000098–$0.0000105. A close above this zone would attract momentum traders and restore short-term neutrality. Until then, the risk remains tilted lower. On-Chain Data Shows $3.2M Net Outflow SHIB Netflows (Source: TradingView) As per Coinglass data, netflows from October 17 shows Shiba Inu recorded around $3.2…

---

Filed under: News - @ October 17, 2025 3:27 pm