Shiba Inu Crash Alert: SHIB Breaks $0.000010 Support as Bears Target $0.0000093
Shiba Inu Loses Key Support as Price Falls Below $0.000010 — Analysts Warn of Further Downside Before Recovery
Shiba Inu (SHIB), one of the world’s most popular meme cryptocurrencies, has fallen below the crucial $0.000010 support level, marking a significant shift in investor sentiment. The token dropped by more than 6% over the last 24 hours, extending its 30-day decline to nearly 24%. The latest slide also reintroduces a fifth zero to its market price for the first time in several months, a symbolic indicator of weakness among retail investors who have long viewed the $0.000010 mark as a key psychological threshold.
At the time of writing, SHIB is trading at approximately $0.00000962, down from its late October highs. The meme coin’s market capitalization has declined to $5.67 billion, placing it well below its early 2025 peak when SHIB briefly regained momentum alongside other altcoins. Despite the sharp price decline, daily trading volume surged by nearly 49% to $154 million, suggesting that speculative activity remains high as traders attempt to capture volatility-driven profits.
Market Pressure Deepens as Shiba Inu Extends Monthly Losses
The decline in SHIB comes amid a broader slowdown across the cryptocurrency market, with altcoins facing renewed selling pressure following Bitcoin’s pullback from the $72,000 zone. However, Shiba Inu’s losses have been notably steeper than those of most major tokens. Over the past month, SHIB has underperformed compared to peers like Dogecoin (DOGE) and Pepe (PEPE), reflecting investor fatigue and reduced speculative appetite in the meme coin sector.
Market analysts suggest that SHIB’s recent weakness may be tied to a combination of technical and fundamental factors. The inability to maintain support above $0.000010 has eroded confidence among traders who had anticipated a year-end rebound driven by ecosystem updates, including potential Shibarium network developments. Instead, bearish sentiment has dominated trading desks as sellers continue to control the short-term trend.
“The reintroduction of a fifth zero is not just a symbolic event,” said crypto analyst Michael Trent. “It reflects that Shiba Inu is losing technical support zones faster than it can rebuild buying pressure. If we see sustained trading below $0.00000950, the next leg could take SHIB down toward the $0.00000870 region.”
Technical Indicators Point Toward Ongoing Bearish Momentum
Shiba Inu’s recent chart action suggests that bearish sentiment may persist in the near term. The Relative Strength Index (RSI) currently hovers around 40, signaling weak buying momentum. The index briefly attempted to approach the neutral 50 level before reversing, suggesting that selling activity continues to outweigh buying demand.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator highlights fading bullish momentum, with green histogram bars shrinking over the past several sessions. If red bars form below the zero line, it would confirm that the bearish trend is strengthening and that downward pressure may continue through early November.
From a structural standpoint, the token is testing a critical support area near $0.00000974 — a level previously observed on October 10. A break below this zone could expose SHIB to additional declines, potentially testing early 2024 lows around $0.00000930 or even $0.00000874. Market traders are also watching for a possible retest of these historical zones as liquidity pools concentrate around them.
Analyst Insights: Watching for a Potential Rebound Within a Descending Triangle
Despite the growing pessimism, some analysts believe Shiba Inu may be nearing an inflection point. Technical researcher Saraah, who shared her analysis on TradingView, highlighted that SHIB remains within the confines of a descending triangle pattern that has been developing since mid-October. This structure often signals a continuation pattern, but when accompanied by rising volume, it can occasionally lead to a reversal breakout.
“SHIB is still trading within its structural support zone and showing early signs of rising volume,” Saraah explained. “If the token manages to hold above $0.00000960 and volume continues to increase, we could see a relief rally back toward $0.000010 or even $0.00001045.”
However, traders remain cautious as overall sentiment in the meme coin space remains fragile. A sustained breakout above resistance could reignite bullish hopes, but a failure to hold current levels could confirm a bearish continuation toward the lower support regions.
Broader Market Context: Meme Coins Lose Momentum Amid Shifting Liquidity
The decline in Shiba Inu mirrors a broader pullback among meme coins and speculative altcoins as liquidity flows increasingly favor large-cap projects and utility-based tokens. Investors have shifted attention to Bitcoin ETFs and Ethereum scaling projects amid anticipation of potential regulatory clarity in the United States and Asia. This rotation has left meme coin ecosystems struggling to retain engagement and capital inflows.
According to market data, SHIB’s trading activity remains concentrated among short-term holders, with more than 60% of addresses holding the token for less than six months. This suggests that speculative trading remains the primary driver, making the asset vulnerable to quick sell-offs during market corrections.
While the Shiba Inu ecosystem continues to develop its Layer-2 scaling solution, Shibarium, adoption has been slower than initially expected. The network’s on-chain activity, including decentralized exchange volumes and NFT engagement, has declined compared to mid-2024 levels. Without a strong catalyst, SHIB may continue to mirror broader risk-off trends in the cryptocurrency market.
What’s Next for Shiba Inu?
Looking ahead, Shiba Inu’s short-term outlook remains uncertain. Technical signals point toward continued volatility, while broader sentiment in the meme coin category remains cautious. A rebound may be possible if SHIB maintains its current support and Bitcoin resumes upward momentum; however, any further breakdown could push the token into a new lower trading range.
Long-term investors are likely to monitor ecosystem developments, particularly progress within the Shibarium network and upcoming token-burning initiatives aimed at reducing supply. Historically, SHIB’s community-driven momentum has played a key role in reviving the token’s price during downturns, but this time, traders appear to be seeking stronger fundamentals before committing to long positions.
“Shiba Inu needs a clear use-case expansion and renewed investor confidence,” noted analyst Trent. “Otherwise, it risks being left behind as liquidity consolidates around Bitcoin, Ethereum, and the upcoming wave of regulated ETF-linked assets.”
For now, all eyes are on SHIB’s ability to hold its newly established support zone. If it can consolidate above $0.00000960 and attract renewed buying interest, a short-term recovery could emerge. Conversely, continued weakness below that level may invite further declines as bearish sentiment persists across the broader crypto market.
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