Shiba Inu Rebound Rally Over as Buying Pressure Vanishes, Investors Left Dismayed

▲ Shiba Inu (SHIB)

Shiba Inu (SHIB), which had recently shown signs of recovery and raised investor expectations, has failed to break through a resistance wall and reversed downward, signaling that the short-term rebound phase has effectively come to an end.

According to crypto media outlet U.Today on February 17 (local time), Shiba Inu rebounded from its recent lows, briefly reviving market optimism, but quickly returned to a corrective structure after failing to sustain upward pressure. Chart analysis shows that SHIB attempted to break out of a tightening compression pattern, but the move failed due to a lack of accompanying buying volume. The price stalled near a resistance line and, instead of marking consecutive higher highs, surrendered most of its previous recovery gains.

From a technical perspective, Shiba Inu is trading below major downward-sloping moving averages, suggesting that bearish pressure continues to dominate the market. Each rebound attempt has been met with renewed selling, preventing a long-term trend reversal. The recent price movement is more likely a relief rally driven by the easing of oversold conditions rather than a structural trend change. The failure to reclaim key resistance levels highlights the weakness of buying forces and serves as a reminder for investors to exercise caution.

Without a strong influx of buyers or a broader improvement in cryptocurrency market sentiment, Shiba Inu faces a significant risk of retesting previous support zones. As long-term holders reassess risk and short-term traders close positions, a breakdown below support could trigger additional selling pressure. Although Shiba Inu has previously demonstrated sharp recoveries in response to shifts in market sentiment, keeping volatility high, it remains too early to expect a sustained bull run.

Even as Ethereum (ETH) shows an upward trend and Bitcoin (BTC) approaches the $70,000 mark, Shiba Inu’s recovery has abruptly stalled. While past posts by Satoshi drew market attention by offering insights comparing Bitcoin and gold, SHIB has struggled to find its own upward momentum. Traders and investors should maintain a cautious stance in the current uncertain market environment and continue taking a conservative approach until the price secures key technical levels.

Until Shiba Inu regains critical technical levels and demonstrates consistent accumulation, premature optimism should be avoided. The current bearish trend indicates that sellers still hold control, and market participants should remain cautious amid the possibility of further declines.

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