Shiba Inu (SHIB) maintains a bearish outlook on Tuesday, as it edges lower at $0.00000450. Looking back, retail demand has continued to gain momentum, now standing at nearly twice the July low of 6.05 trillion SHIB. In August, Shiba Inu has declined by about 14% from $0.00000583 and currently trades nearly 34% below its June peak of $0.00000671. If sustained, Shiba Inu derivatives could help absorb the broader selling pressure, raising the odds of an extended recovery. Shiba Inu trading volume | Source: CoinGlassTechnical analysis: Shiba Inu downtrend deepensShiba Inu maintains a strong bearish bias, trading at $0.00000450.