Shiba Inu’s (SHIB) market value is dangerously nearing the 5-zero territory, which would imprint new yearly lows for the popular canine coin. With trading volumes still relatively low & the overall market sentiment drastically shifting from greed to fear in less than a week, the main question remains: how can SHIB avoid this?
$1.5 Billion Capitalization Crunch Takes Toll On SHIB’s Price
With Shibarium’s Layer-2 blockchain faltering recently, the investor confidence has been shaken, evident in the global market capitalization dwindling from $7.7 billion by mid September to $6.2 billion today. To restore the trashed support levels, Shiba Inu (SHIB) will have to rely on crypto currency whales combined with trading activity.
Right now, the tides have turned back to mass buying sentiment among the largest crypto investors, popularly referred to as whales. The major-scale crypto players pushed the Chaikin Money Flow (CMF) to 0.29, meaning a clear conviction to buy Shiba Inu (SHIB) around the $0.00001060 support territory.
Shiba Inu Bounced Off 5 Zeros Twice: Third Retest Coming?
Indeed, the bounce from $0.00001043 now has Shiba Inu (SHIB) dancing around the mid-tier Bollinger Band (BOLL), pictured in blue color. If the current buying spree holds for a few days, the fifth zero can still be avoided. Last Friday, Shiba Inu (SHIB) fell sharply to $0.00000981, but quickly bounced off in an hour.
The meme coin went on to establish a higher low of $0.00000999 on Saturday and dropped the additional zero again. Clearly under-performing in terms of Bitcoin (BTC) correlation, the buying power-based rebound for Shiba Inu (SHIB) on Wednesday now strives to reach & sustain above $0.00001125 to minimize the odds of extra zeros.
Additionally, Shiba Inu’s (SHIB) price is trading well below the 200-day Exponential Moving Average (EMA), which hints at faded speculative interest. However, with the Bull Bear Power (BBP) meter flashing a slight bullish advantage on Wednesday, this could change if the broader market sentiment switches back to greed levels.
On The Flipside
- In case of a daily close below $0.0000100, Shiba Inu’s liquidations can speed up due to spot-loss automation orders.
Why This Matters
Major investor mood typically precedes a shift in retail market sentiment, while historical price data gives traders an edge when trying to draw realistic targets and entry points.
Dig into Ciphera’s popular crypto scoops:
The Debasement Trade: Investors Flee Weakening Dollar
Swell Sneak Peek: Ripple Update To Hike XRP Price To $8?
People Also Ask:
It means SHIB’s price could crash from $0.000011 (4 zeros) to $0.0000011 (5 zeros), a huge drop!
Low trade activity & market pressure are pushing SHIB down—could hit $0.0000015 if it keeps sliding.
Yes, if whales start buying big, they might stop the fall or push it back up—watch their moves!
Not yet! Wait for signs of whale support or a price bounce above $0.00001—start small & learn first.
Track whale activity, Ciphera’s updates, and X buzz—stay sharp and jump in when it feels right!
