Saad Ullah
Shiba Inu (SHIB) is in serious trouble, trading at just $0.00001079 and threatening to break below its key support at $0.00001000. If that happens, the meme coin will effectively add another zero to its price, which could trigger massive selling.
Shiba Inu (SHIB) Technical Picture Looks Grim
The charts don't lie - SHIB is in a nasty downtrend. All the major moving averages (50, 100, and 200-day) are pointing down, which is textbook bearish action. The RSI has dropped below 40, showing sellers are in control with no sign of buyers stepping in.
What's even worse is the volume. It's been steadily dropping, which usually means people are losing interest and bears are taking over. Every time SHIB tries to bounce, it gets smacked down at those moving averages. The recent break below $0.00001234 support was the nail in the coffin for any short-term bullish hopes.
SHIB's $0.00001000 Support is Make or Break
This $0.00001000 level isn't just another line on the chart - it's psychological warfare. If SHIB closes below this level, it's game over for many retail investors who'll probably panic sell. Adding that zero back to the price would be a massive blow to confidence.
The problem is SHIB relies heavily on hype and social media buzz. When the broader market turns sour, meme coins like SHIB get hit the hardest because they don't have real fundamentals to fall back on. Right now, there's no major catalyst to save it from this slide.
SHIB (Shiba Inu) Outlook: More Pain Likely Ahead
Unless something dramatic happens - like a massive volume spike or the whole crypto market suddenly reversing - SHIB looks headed for more trouble. The bears are clearly in control, and every bounce attempt gets crushed.
Sure, SHIB might be oversold and could see a quick bounce, but the overall trend is still down. If that $0.00001000 support breaks, there's not much underneath to stop the fall. Investors need to be ready for more volatility and probably more losses if they're still holding this token.
Saad Ullah
