Given that price action is still dominated by persistent selling pressure, Shiba Inu is currently showing a reversal after a slight recovery, which is the last thing you want to see on assets that enter a gradual recovery. In a bearish continuation pattern that traders typically view as one of the worst cases for a short-term recovery, SHIB has now broken down from a tightening consolidation structure and slipped toward new local lows following several unsuccessful recovery attempts.