Shiba Inu Coin has been feeling a bit painful in this recent market rally. It has fallen 10.4% over the past week and nearly 19% over the past half month, with prices fluctuating between $0.00000697 and $0.00000717. You can sense the uneasy market sentiment, with bullish momentum clearly lacking.

From a technical perspective, the key support level is right around $0.00000635. The resistance level above is at $0.00000755. If the price cannot break above this level, there is a high probability of further short-term decline. The stochastic RSI indicator still has room to move downward, but this also presents an opportunity — once the blue line crosses below the orange line, a clear rebound signal will emerge.

Looking at funding rates and market liquidity, the weighted funding rate for long and short positions shows that bears are clearly in control, with bearish voices flooding the market. Honestly, such extreme pessimism can sometimes be the most dangerous — many rebounds in history have originated from such despair. Short-term trading tests patience the most: waiting for support confirmation and watching for the RSI reversal at the right moment.