Shiba Inu (SHIB) has experienced a 1.7% decline over the past 24 hours, trading at $0.000007251 as it tests a key support level. The cryptocurrency is facing bearish momentum, struggling to break above the $0.0000073 resistance. Technical indicators, including Fibonacci levels, suggest $0.00000635 as a critical support point. The Chande Momentum Oscillator (ChandeMO) is at -53.79, indicating continued downward pressure. Over the past two weeks, SHIB has decreased by 14.6%, with a 24-hour trading volume of $97 million. Long liquidations reached $71.34K, significantly higher than the $3.02K in short liquidations, highlighting the bearish sentiment in the market.