SHIBUSDT Faces Short-Term Downtrend Amid Heavy Selling Pressure

After analyzing the recent SHIBUSDT trading data, I observe a significant selling pressure with a 24-hour selling volume of approximately 367.41K ₮, contrasting with a modest buy volume of about 21.88K ₮—indicating a strong sell dominance of around 95%. The current price is around 0.00001319, reflecting a slight decrease of 0.2% from previous levels. Over the past 24 hours, SHIB has experienced a decline of approximately 2.5%, and shorter timeframes also show minor negative movements. The 24-hour trading volume is quite high at nearly 28 million ₮, with a nearly balanced buy and sell split in percentage terms (47% buy vs. 53% sell). However, the net volume indicates ongoing momentum toward selling, with recent decreases in trading activity over the last 15 minutes, 1 hour, and 4 hours, suggesting waning interest or potential short-term consolidation. Overall, the data indicates bearish sentiment for SHIB in the short term, driven by predominant sell orders and slight price declines. This could imply potential downward pressure unless buying interest picks up or a reversal signal emerges. In my view, traders should remain cautious. The persistent sell volume and recent price weakness suggest that short-term traders might consider reducing exposure or setting tight stop-loss orders. If the buying strength fails to recover, further downside could be possible. For long-term investors, it might be prudent to wait for signs of stabilization or reversal before entering new positions, especially during periods of high sell volume and declining momentum.