Key Insights:
Shiba Inu lies at a critical support zone at $0.000015.
A breakdown below this level could bring $0.0000067 on the downside.
A breakout on the upside is only possible if SHIB moves above $0.000029.
In the last month, Shiba Inu has slipped from the 10th to the 16th position in the largest cryptos, indicating a greater correction than most altcoins.
However, it still has very strong fundamentals and a complete crypto ecosystem.
At press time, Shiba Inu is at $0.000015, one of the most critical support zones below which it may risk falling to $0.000067. This fall in Shiba Inu could undo all of the gains it had made in the last couple of years.
Shiba Inu Weekly Charts
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Shiba Inu has seen a fall from $0.000031 to $0.000015 in one month. This fall is being seen as the end of the memecoin supercycle. Dogecoin also suffers a similar condition where it risks falling to $0.08 after reaching a high of $0.48 in December last year.
Shiba Inu’s weekly charts show a very weak price pattern. The company's price momentum indicators, RSI and Bollinger Bands, suggest that the current situation could become far more bearish. The RSI keeps declining on these charts, and the Bollinger Bands could expand on the negative side.
A negative expansion of the Bollinger Bands on the downside occurs when a crypto's period of low volatility ends, and this situation is paired with an established negative downtrend. We have recently seen all of these conditions in Shiba Inu.
Bollinger Bands has shown an accurate picture of the past trends. In 2024, these were successful in helping users predict the Bitcoin rally from $70k to $100k.
A memecoin supercycle is a period of extensive rallies where memecoins become the best-performing crypto sector. We saw this period of extensive rallies in 2024 when barring the month of May, memecoins were the largest gainers in all months.
In late 2024, after Donald Trump’s win, most memecoins saw a period of extensive gains with DOGE reaching $0.48 and Shiba Inu reaching $0.000031. Solana memecoins too soared to their highest point in 2025 taking SOL to $294 levels.
However, at present, the cycle seems to have ended with most memecoins falling more severely than other cryptocurrencies and the memecoin Layer-1 chain, Solana, losing more than 42% in the last couple of months.
It is natural to see FUD around memecoins when they have lost so much in the last 30 days. However, the cases of Shiba Inu and Dogecoin are different than other memecoins, the latter being increasingly reliant on just trends to survive. Both of them have their own blockchains with limitless application possibilities in the future.
In the unique case of Shiba Inu, it could be a good opportunity to accumulate it. The reason is Shiba Inu’s complete ecosystem that makes it more of a utility coin than just a memecoin. Shiba Inu has a mature DeFi protocol, a well-developed DEX, and a mature layer-2 blockchain. All of these present a good recipe for growth in the future.
As time grows, we expect the project to become more and more utilitarian with a cheap and scalable blockchain that tends to all the needs of crypto users. Further, with a DAO, the Shiba Inu project will be overall much more decentralized (therefore democratic) in terms of governance than most altcoins.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.