Usman Salis
Shiba Inu is in serious trouble right now. Trading around 0.00001123 USDT, the meme coin is setting up for what traders call a "death cross" – and that's bad news for anyone holding SHIB. With the crypto market still shaky, this technical breakdown could spell major pain ahead.
Shiba Inu (SHIB) Charts Show Classic Breakdown Pattern
The technical picture is ugly. SHIB is stuck below its 50, 100, and 200 EMA lines, creating a wall of resistance that's hard to break through. Worse yet, the coin is about to form a death cross where the short-term average drops below the long-term one.
This pattern often triggers massive sell-offs as stop-losses get hit and buyers disappear. Once confirmed, SHIB could see another wave of selling that pushes prices even lower.
SHIB (Shiba Inu) Holders Getting Crushed
The numbers are brutal: 67% of SHIB holders are currently losing money. That's a huge red flag because underwater investors often panic sell when things get worse.
Big players aren't helping either. Whale transactions hit $105.5 million last week but are trending down, showing less interest from major investors. Most key metrics are flashing red too – network growth is weak, sentiment is "mostly bearish," and four out of six core indicators are negative.
Shiba Inu (SHIB) Community Losing Interest
Even the social buzz is fading. Telegram membership dropped 0.39% last week, which matters a lot for a meme coin that depends on community hype. When both charts and community engagement turn south together, meme coins usually get hit hard.
SHIB is heading for a potential breakdown with a death cross looming, most holders losing money, and community interest fading. Anyone holding this meme coin should prepare for more volatility and possible new lows if support doesn't show up soon.
Usman Salis
