Shiba Inu price has remained on edge in the past few days and is hovering near its lowest level since June 2025. It has plunged by about 70% from its highest level in December and by about 78% from its highest level in March this year.
Shiba Inu Price Technical Analysis
The three-day chart shows that the Shiba Inu price retreated to the current $0.00001015. This is an important level because it was the lowest in both June and April this year.
SHIB price is now hovering at the lower side of the descending triangle pattern, a popular bearish continuation sign in technical analysis.
The token has moved below the 50-day and 100-day Exponential Moving Averages (EMA). It has also moved below the Ichimoku cloud indicator, a sign that bears are in control.
The MACD indicator has moved below the zero line, while the Relative Strength Index (RSI) has pointed downwards and is now nearing the oversold level.
Therefore, the most likely scenario is that the token will continue falling in the coming days, potentially reaching the year-to-date low of $0.00000834. A move below that level will point to more downside.
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On the other hand, a move above the descending trendline will invalidate the bearish SHIB price forecast. If this happens, the token will jump to the next key resistance level at $0.00001570.
SHIB Fundamentals are Sending Mixed Signals
Shiba Inu’s fundamentals are sending mixed signals about the token. On the positive side, more investors continue to move their tokens from exchanges to self-custody. As a result, there are now 274 trillion tokens in exchanges, down from 292 trillion in September.
Falling exchange balances are a positive thing for a coin because it means that investors are not selling and are holding it for an extended period.
However, on the negative side, whales and smart money investors have continued to sell their tokens in the past few months. Whales now hold 117 billion tokens, down sharply from the September high of 231 billion. Smart money investors have also reduced their tokens to 46 billion, down by 10% in the last 30 days.
Shiba Inu is facing the same challenges that other Ethereum and Solana meme coins are going through. Pepe Coin price has plunged and has formed a giant head-and-shoulders pattern, pointing to more downside in the longer term.
Solana meme coins like Official Trump (TRUMP), Fartcoin, Useless Coin, and Popcat have all tumbled by double digits in the past few months. Consequently, the market capitalization of all Solana meme coins has dropped to $7.9 billion from the year-to-date high of $22 billion.
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