Shiba Inu Bears Dominate as Key Indicator Points to More Pain

• Shiba Inu lost early January momentum, dropping below key Bollinger Band support.

• Bears regained control, pushing SHIB down 22% from its recent high.

• Next support sits near $0.0000073, with potential recovery depending on market sentiment.

Shiba Inu has been under pressure after a brief bullish start to January. The token surged early in the month, gaining attention with a sharp rally. However, momentum quickly faded, and the charts are now signaling trouble. On-chain and technical indicators show that bears have regained control. A key signal on the daily chart highlights short-term weakness. Traders are watching closely as SHIB faces critical support levels.

#ShibaInu Bears Take Over as Major Indicator Signals More Price Declines. $SHIB 🧵🧵🧵 pic.twitter.com/39xTzKY7mz

— TheCryptoBasic (@thecryptobasic) January 19, 2026

Bears Take Control

Shiba Inu started the year with a strong rally. From January 1 to January 5, the token climbed 46%, reaching a high of $0.00001009. The price even broke above the upper Bollinger Band, suggesting strong bullish momentum. For a moment, traders believed the meme coin could sustain gains. However, broader market weakness slowed the rally. Buyers struggled to maintain upward pressure.

After peaking, SHIB began sliding, losing roughly 22% from the January high. The token now trades around $0.0000078. This shift shows bears regaining dominance in the market. The middle band of the Bollinger Band, which aligns with the 20-day simple moving average, recently broke. Breaking below this level signals short-term bearishness. Traders often use this band to track trend direction.

The decline suggests SHIB could continue downward pressure if support levels fail to hold. The short-term outlook is cautious. While the early January rally gave hope, the technical picture now points to resistance for buyers. Sellers are stepping in near previous highs. Price movement shows that bullish sentiment has faded. Investors must consider potential further weakness as SHIB tests key support levels.

Key Support Levels and Recovery Potential

The next support for Shiba Inu lies near the lower Bollinger Band around $0.0000073. If the token reaches this area, it may find a floor before any recovery. Losing the 20-day SMA does not mean the trend is over. Bulls can still step in and push the price higher if broader market conditions improve.Traders are also keeping an eye on market sentiment. The broader crypto market influences meme coin performance significantly.

Rapid changes in sentiment can shift momentum for SHIB quickly. Any recovery will likely depend on both technical support and renewed buying pressure. A reclaim above the middle band could signal the start of a new upward phase. Until then, bears remain firmly in control. The current setup highlights caution for traders. Short-term bearish signals suggest more pain may lie ahead. SHIB’s next moves will likely hinge on market trends and investor confidence.

Watching key Bollinger Band levels and daily chart activity provides insight into potential shifts. While the meme coin can still rally, caution and disciplined trading remain essential during this weak phase. Shiba Inu has lost momentum after an early January surge. Bears have reclaimed control, pushing price below the 20-day SMA.