Shiba Inu (SHIB) Faces Rejection at 100-Day EMA, Threatens Further Decline

The Shiba Inu (SHIB) price has failed to recover from a recent rejection at a crucial technical level, indicating the asset is structurally weak and susceptible to further declines. Bitcoin and Ethereum prices are also experiencing selling pressure, with no clear signs of a long-term reversal. Momentum indicators show hesitancy, and lower highs continue to dominate the charts. A deeper retracement is possible if buyers fail to hold recent local lows. Consolidation below resistance is a possibility, but continuation risk is high.