Shiba Inu (SHIB) is skating on thin ice. A combination of bearish technical signals and declining investor confidence suggests the meme coin could soon plunge by 22%. And it’s not just the charts flashing red—fundamentals are crumbling too.
📉 Quiet Storm: Technical Signals Point to Trouble
SHIB is currently trading at $0.00001343, with a modest 24-hour trading volume of just $117 million—far behind meme rivals like Dogecoin ($820M) and Pepe ($935M).
Technical analysis shows that while SHIB managed to recover from its April low of $0.00001029 and enter an ascending channel, momentum is weakening fast.
🔹 ADX has dropped to 15, indicating a weak trend.
🔹 Price remains below the 50-day and 100-day EMA, showing that recovery is far from confirmed.
🔹 RSI dipped below 50—another sign of fading momentum.
A bear flag pattern has also formed, warning that SHIB may collapse back to around $0.00001030—a 22% drop from current levels.
📈 Bulls would need a breakout above the 100-day EMA at $0.00001440 to invalidate the bearish outlook.
🔥 Fundamentals Cracking: Burn Rate Plunges, Whales Exit
On-chain data adds to the bearish pressure:
🔹 SHIB’s burn rate plummeted—down 54% in 24 hours to just 18 million tokens (worth around $240).
🔹 Shibarium’s TVL, once a promising Layer-2 solution, dropped to $3.1 million, down from over $7 million.
🔹 Whale holdings in SHIB fell from 733M to 722.4M, signaling a significant sell-off.
This whale capitulation is a red flag for smaller holders and adds to the negative sentiment.
⚠️ Bottom Line
Shiba Inu is in a vulnerable position. Weak technicals, crumbling on-chain fundamentals, and major players dumping their holdings could drive SHIB to new yearly lows—or even worse if current trends continue.
#SHIB , #memecoin , #Shibarium , #CryptoMarket , #CryptoPredictions
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