SHIB hovering near historical chart lowsSHIB / TetherUSBINANCE:SHIBUSDTDukesMarketAnalysisMulti-year resistance still dominant • SHIB continues producing a long series of lower highs since the 2021 peak • Every major rally attempt has failed beneath declining resistance, with the 21-Week EMA still sloping lower Key support continues holding • Price is currently sitting around a major multi-month support zone near 0.00000600 • This area has repeatedly acted as a base, so bulls will be hoping it can stabilise price once again Bulls still need a structural shift • SHIB recently failed at the 0.0000070 resistance region and quickly rolled back over • Until price can reclaim that level decisively, the broader structure still favours the bears Momentum remains weak overall • RSI continues languishing below 50, showing bearish momentum still dominates the higher timeframe trend • StochRSI has improved slightly, but so far there is little evidence of a sustained breakout developing In Summary SHIB remains stuck in a broader long-term downtrend despite holding an important multi-month support zone around 0.00000600. The chart continues to show lower highs and weak overall momentum, while the downward-sloping 21-Week EMA keeps acting as resistance. Bulls may still defend this area and attempt another bounce, but structurally the chart still looks fragile for now. A reclaim above the 0.0000070 resistance region would be needed to start improving the broader technical picture.