Shiba Inu (SHIB) continues to face downward pressure, trading near $0.000006105, down 1.26% over the past 24 hours. The cryptocurrency is confined within a narrow range between $0.00000609 and $0.0000063, with sellers maintaining control despite brief intraday rebounds. Market activity remains robust, with $21.84 million in spot volume and $86.42 million in futures volume, indicating that derivatives traders are influencing short-term price movements. SHIB's performance across various timeframes underscores a bearish trend, with the token down 1.23% over both 4-hour and 24-hour periods, and losses extending to 7.91% over the past week. Over the past 30 and 90 days, SHIB has declined by 29.48% and 39.74%, respectively. The 20-day SMA at $0.00000705 serves as immediate resistance, while the lower Bollinger Band at $0.00000562 provides support. Open interest has decreased significantly, from $200-$250 million in late September 2025 to $65.75 million, reflecting a cautious stance among traders.