SHIB Price Recovery Faces Key Technical Barriers

SHIB faces persistent selling pressure as repeated recovery attempts fail, leaving descending resistance and nearby support central to its technical outlook. MEXC leads SHIB open interest at $20.28 million, while OKX records the highest reported volume and futures trade count. A sustained move above $0.0000620 could improve short-term conditions, although continued selling pressure would preserve the existing downward structure. Marke…