"Even whale accumulation couldn't stop the bears"...Shiba Inu (SHIB), 77% Plunge Alert

▲ Shiba Inu (SHIB)/AI Generated Image

Shiba Inu (SHIB) has repeatedly faced selling pressure every time it attempts to rebound, leading to a warning of a potential fall to $0.0000010. Technical analysis suggests that if SHIB fails to reclaim the $0.0000046 level and the 100-period moving average, there is a possibility of an additional decline of approximately 77%.

According to crypto media outlet The Crypto Basic on July 6 (local time), Shiba Inu consistently set lower highs and lower lows below a downtrend line from September 2025 to April 2026. Although it later broke above the downtrend line and established higher lows along an uptrend line, it slipped below that line in May, confirming a renewed bearish trend.

On the 4-hour chart, a pattern of sharp declines followed by brief rebounds and subsequent drops has been repeated. Shiba Inu tested resistance again in early June, rising to around $0.00000558, but then plummeted to $0.00000430 five days later, setting a new low. On June 15, it briefly rebounded to $0.00000520, but selling pressure quickly regained dominance.

The recent rebound also stalled around $0.0000046, which was a previous support level. This zone coincides with the 100-period moving average and has thwarted previous recovery attempts multiple times. The media analyzed that the structure of continuously lower highs and lower lows persists, indicating that buying pressure has not secured sustained dominance.

If Shiba Inu remains below the 100-period moving average and the $0.0000046 resistance, it could potentially fall to the next support zone at $0.0000010. This would represent a drop of approximately 77%. Conversely, if it clearly reclaims the resistance level with strong buying pressure, the current bearish outlook could weaken.

On-chain data showed whale accumulation movements diverging from the bearish chart. The net exchange inflow over the past 24 hours was recorded as negative 33.5 billion SHIB, an increase of 1.43%, with a value of $146,207. As outflows from exchanges exceeded inflows, exchange holdings slightly decreased to 86.9 trillion SHIB. The media reported that a decrease in exchange holdings could reduce selling pressure.

[Article Summary]

-Shiba Inu continues a bearish structure of setting lower highs and lower lows below $0.0000046 and the 100-period moving average.

-If the bearish trend persists, there is a possibility of an approximately 77% drop to the next support zone at $0.0000010.

-The net exchange inflow over the past 24 hours was negative 33.5 billion SHIB, and exchange holdings decreased to 86.9 trillion SHIB.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*