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Shiba Inu Coin Price Prediction: How Low Can SHIB Crash To?

Crispus Nyaga
Crispus Nyaga
Crispus Nyaga
Author:
Crispus Nyaga
Writer
Crispus is a financial analyst with over 9 years in the industry. He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. He is also a passionate trader who operates his family account. Crispus lives in Nairobi with his wife and son.
February 2nd, 2025
Editor:
Ola Amujo
Ola Amujo
Editor:
Ola Amujo
Ola is a content writer and editor specializing in crypto and blockchain. With years of experience writing engaging blogs and news content, he has helped readers understand complex concepts, discover new opportunities, and stay ahead of emerging trends.
Fact Checker:
Ola Amujo
Ola Amujo
Fact Checker:
Ola Amujo
Ola is a content writer and editor specializing in crypto and blockchain. With years of experience writing engaging blogs and news content, he has helped readers understand complex concepts, discover new opportunities, and stay ahead of emerging trends.

The Shiba Inu coin price has suffered a profound reversal and moved into a deep bear market this month. On Sunday, it plunged to a low of $0.000015, and technicals point to a crash to $0.00001090, down 32% from its current level. 

Shiba Inu Coin Price Forecast

The weekly chart shows that the SHIB price has been in a strong bearish trend in the past few weeks. This crash happened after it formed a near double-top chart pattern, a popular bearish sign in the market.

The neckline of this pattern is at $0.00001090, its lowest point in September last year. 

The price of Shiba Inu has moved below the 50-week and 25-week Exponential Moving Averages (EMA), a sign that bears are in control. It has also dropped below the weak stop and reverse point of the Murrey Math Lines tool. Meanwhile, the Relative Strength Index (RSI) and the MACD indicators have pointed downwards.

However, the next key level to watch is $0.00001090, which was lowest on August 5 and is about 30% below the current level. This price is slightly above the oversold point of the Murrey Math Lines, at $0.000008940. 

Shiba Inu’s crash below the neckline at $0.00001090 will point to more downside, potentially to the next support at $0.000005875, its lowest swing in May 2023. 

Shiba Inu coin price 02.02.2025
Shiba Inu coin price chart by TradingView

Why is SHIB coin crashing?

Shiba Inu is crashing as the crypto industry remains under pressure after Donald Trump launched his tariff proposal. The US will now implement tariffs on Mexico and Canada, leading to higher inflation and slow economic growth, also known as stagflation.

Stagflation is the most challenging situation for the Federal Reserve because rate cuts to boost economic growth spur inflation, while rate hikes to slow inflation lead to slow economic growth. Last week, the Fed left interest rates unchanged and hinted they would remain higher. 

Shiba Inu’s price is falling because of the ongoing weakness in the crypto industry. Bitcoin has already plunged below $100,000, while the valuation of all coins has fallen by over 10% in the past few weeks. 

Another reason Shiba Inu’s price has fallen is the recent focus on newer memecoins like Fartcoin, ai16z, and Pudgy Penguins. This focus has led many investors to move from older coins like Shiba Inu and Floki. 

Shiba Inu has also struggled because of Shibarium’s performance. Its TVL is just $2.3 million, lower than other networks like Cardano and Suiwhich explains why the network’s BONE fees have fallen.

READ MORE: TRUMP Memecoin Sheds $10B in Two Weeks Amid Rug Pull Allegations

Contributors

Crispus Nyaga
Writer
Crispus is a financial analyst with over 9 years in the industry. He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. He is also a passionate trader who operates his family account. Crispus lives in Nairobi with his wife and son.