The price of Shiba Inu (SHIB) has dropped to approximately $0.0000089, its lowest level since January 2024, confirming a nearly nine-month-long downtrend. This decline breaks through crucial short-term support and is occurring as overall pessimism dominates the meme coin sector and the broader crypto market.
Technical Breakdown and Downward Pressure
- Bearish Technicals: SHIB is trading consistently below its 50-day, 100-day, and 200-day moving averages, a configuration that signals firm seller control.
- Resistance Ceiling: The 200-day moving average has acted as a ceiling since late summer, rejecting all recovery attempts.
- Weak Momentum: The Relative Strength Index (RSI) is hovering around 32, highlighting weak momentum and suggesting a risk of an oversold continuation rather than an immediate reversal. Price action points to a steady decline, not a panic-driven capitulation.
- Key Support Ahead: The next critical support zone is located between $0.0000075 and $0.0000080. A break below this level could lead to a full retracement of last year's gains, potentially down to $0.0000065.
Lack of Catalysts and Liquidity Shift
The primary reasons driving SHIB's price down appear to be:
- Ecosystem Inertia: The Shiba Inu ecosystem has struggled to generate significant new catalysts. While its Layer-2 network, Shibarium, showed initial promise, its on-chain activity has since plateaued, failing to create sustained buying pressure.
- Liquidity Shift: Investors' focus and capital liquidity have been shifting away from meme tokens and concentrating around major assets like Bitcoin and Ethereum.
In the short term, the trend for SHIB is decidedly bearish. While a potential recovery toward the $0.000010-$0.000011 range could happen if overall crypto sentiment improves, investors should currently anticipate continued downside unless there is a significant spike in trading volume or a new, impactful network development.
November 2025, Cryptoniteuae