Recently, the well-known Token SHIB in the Crypto Assets market has shown signs of weakness. After multiple failed attempts to break through key resistance levels, the price performance of this coin has been poor, raising traders' doubts about the authenticity of the current Rebound.

On the technical front, SHIB has fallen below the 200-day and 50-day moving averages, releasing a clear short-term bearish signal. Although trading volume continues to rise, this has not brought any benefits to the bulls. On the contrary, the phenomenon of trading volume falling in sync with price indicates that there is active selling behavior in the market.

The symmetrical triangle pattern formed in the previous weeks was supposed to bring a breakout opportunity; however, the upward breakout almost turned into a false breakout, causing bulls to fall into a trapped situation and further exacerbating the downside risk.

In the face of the current market situation, investors should remain vigilant and closely monitor the changes in several key price levels. It is advisable to adopt a prudent operational strategy, manage positions wisely, and participate in trading cautiously.

Overall, SHIB is currently in a weak state, and market confidence is being tested. In this situation, investors need to be more calm and rational, carefully assess market trends, and make wise investment decisions. Whether SHIB can regain upward momentum in the future will require more positive factors to support it.