Shiba Inu (SHIB) dips 7% within a day but remains up 25% over the last 30 days.

Shiba Inu (SHIB) is under pressure as shifting macroeconomic sentiment weighs heavily on crypto markets. Despite recent optimism surrounding U.S.–China trade relations, SHIB has struggled to maintain support, extending its decline in volatile trading on Wednesday.

The meme-inspired cryptocurrency fell sharply from 0.0000159 to a session low of 0.0000149—a 6.4% drop—amid a broader market pullback. The day’s trading range spanned 0.0000012, or roughly 7.5%.

Market Activity Snapshot:

Price action broke down key support levels at 0.0000156 and 0.0000152, with bears firmly in control.
Trading volume spiked dramatically during the 07:00 UTC sell-off, reaching over 1.43 trillion SHIB—more than double the average.
The heaviest pressure emerged between 13:33 and 13:36 UTC, with a localized crash to 0.0000147 and an intra-minute volume burst exceeding 83 billion SHIB.
A short-lived recovery followed, forming a V-shaped rebound that pushed the token back to the 0.0000149 zone by session end.

Resistance is now forming at 0.0000152, while support stabilizes around 0.0000148. Market watchers suggest the current setup could lead to sideways consolidation unless bullish momentum returns.

Although external macro factors like improved trade relations offer a potentially positive backdrop, SHIB’s near-term trajectory appears tied to technical levels and speculative sentiment.