According to CryptoPotato, SHIB experienced a 5% decline over the past week as bulls failed to maintain control over the price. The key support level is identified at $0.000014, while the key resistance level stands at $0.000018. Despite a brief attempt to break the resistance at $0.000018, SHIB quickly reverted to its downward trend. The current price action remains bearish, and unless there is a significant change, bulls are expected to reappear only when the price reaches the support level of $0.000014.

The market is currently dominated by sellers, with multiple days closing in red despite the overall low volume. Buyers are notably absent, and this is reflected in the price movement. There is hope that buyers will return when the price hits the support level of $0.000014.

The daily MACD has been falling since late last week following a bearish cross. The momentum is in favor of the bears, and this downtrend may persist for some time before a sustained reversal can challenge the current resistance level.