Following the recent shakeout in the crypto market, #ShibaInu ($SHIB ) has officially added another zero to its price — a sign that bearish momentum is still weighing on the meme token.
After the October 10 flash crash, SHIB plunged to a multi-year low of $0.0000074, before showing some resilience by rebounding to $0.000010 the very next day. However, the recovery didn’t last long. On October 17, the token slipped again to around $0.00000933, before attempting another short-lived bounce.
Despite briefly holding above key support levels, Shiba Inu eventually lost its grip yesterday, dipping to a low of $0.000009666. Although it has since recovered slightly, SHIB continues to trade with an extra zero, currently hovering near $0.000009894, marking a 1.66% drop in 24 hours.
This renewed weakness has sparked fresh debate among investors — just how low could SHIB $SHIB fall next?
For reference, CoinMarketCap records SHIB’s all-time low (ATL) at $0.00000000008165, while CoinGecko lists it even lower at $0.000000000056. Although most enthusiasts believe SHIB won’t revisit those extreme lows, analysts warn that a further drop is possible if support continues to crumble.
According to market watcher The Coin Cartel, Shiba Inu’s on-chain holders have grown recently, but the token is still struggling to stay above the critical $0.000009 support zone. A breakdown below this level could send prices tumbling toward $0.0000080 — a level last seen on October 10.
Meanwhile, pseudonymous trader @Trader0028 believes SHIB could fall even deeper, possibly reaching $0.000006, which might act as a final support before a potential reversal.
Investors are now watching closely to see whether SHIB can defend these levels or if the bears will push the token into uncharted territory once again.
