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Cryptocurrency market continues to be under pressure, Shiba Inu waits with breath

2026-07-20 12:36:16
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Market pressure continues, and Shiba Inu Coin waits for changes.

Under continued selling pressure, Shiba Inu Coin (SHIB) struggled to maintain around US$0.0000041, missing the opportunity to rebound strongly throughout July. This meme coin has entered a steady downward channel since the beginning of 2026, and its high and low trends continue to decline.

Can Shiba Inu Coin reverse the short-selling pattern?

The currency experienced a significant decline in prices after exiting the rising channel from March to May. At present, SHIB has not yet recovered its key moving averages, especially the 50-day exponential moving average (EMA) hanging above US$0.000045, indicating that short pressure continues. Unless this level can be exceeded, the upside prospects will be bleak.

Trading volume shrank significantly and is close to the low of the year, which may suggest that the market may stabilize. However, the RSI indicator hovers around 35, indicating little buyer interest and no reversal signal has yet emerged. Experts stressed that SHIB needs to break through the 50-day EMA to lay the foundation for effective recovery.

Is Solana's medium-term recovery promising?

Compared with other mainstream cryptocurrencies, Solana's technical side is more solid, despite recent adjustments. The digital asset has rebounded from a June low and currently hovers around $76, above the key moving average. The declining wedge pattern suggests the possibility of a bull recovery.

Shiba Inu needs to exceed US$0.000045 to start a potential upward trend.
Solana's next challenge is to break through the $80 -81 resistance level to seek further gains.
If Hyperliquid stabilizes at US$65, its resilience may push price tests to new highs.
Ripple (XRP) may face a turning point, if it breaks through US$1.12 or reignites a rally.

As Shiba Inu coins face market tests, Solana, Hyperliquid and XRP each demonstrate unique technical forms, which contain both risks and hidden opportunities. The constantly changing dynamic pattern of these assets highlights the importance of prudent analysis by investors when responding to volatile markets.

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