Krutika Adani
Shiba Inu (SHIB) tumbled to $0.00001, its lowest price since August 2024. With Ethereum TVL plunging $14B, is SHIB heading for a deeper decline
Memecoin sell-off: Panic selling amid broader market weakness.
Ethereum’s Pectra Upgrade: Instead of attracting liquidity, it triggered $14B outflows.
US-Canada trade tensions & macro fears fueled investor exits from risky assets.
Bearish Target: Breakdown below $0.00001124 could push SHIB to $0.00000950.
Weak Trading Volume: Suggests limited buying interest.
Only a breakout above $0.00001297 could signal a recovery to $0.00001470.
Continued Ethereum weakness could drag SHIB lower.
Bulls must reclaim $0.00001297 for a comeback.
Until then, SHIB remains at risk of further downside.