Shiba Inu Price Teeters on the Edge—Is It the Weakest Link in the Meme Coin Pack?
Shiba Inu’s price action is wobbling like a three-legged dog—while the rest of the meme pack barks louder. Here’s why SHIB might be the first to buckle.
### The Meme Coin Hierarchy Shake-Up
Not all meme coins are created equal. Some rally on hype; others, like Shiba Inu, struggle to keep pace. With liquidity thinning and traders chasing fresher tokens, SHIB’s support levels look shaky.
### Liquidity Drain or Just a Dip?
Whales aren’t dumping—they’ve already left. Retail’s left holding the bag, hoping for a miracle. Meanwhile, the ‘stronger pups’ (yes, Dogecoin, we see you) keep stealing the spotlight.
### The Cynic’s Take
Another day, another meme coin proving that ‘community-driven’ often means ‘pump-and-dump friendly.’ But hey, at least the memes are still funny.
Large Holders Keep Selling, And That’s a Red Flag
The large holder netflow trend for SHIB has been clearly negative. Over the past 30 days, whales have trimmed their SHIB positions by over 181%. Over the last 3 months, there’s been no significant inflow either.
While negative exchange netflows often mean holders are not selling, in this case, the large wallet exits matter more, since these are likely headed to exchanges or other liquidation paths. Large holders’ netflow turning negative is bearish, unlike exchange netflow turning negative. In simpler terms, they mean the opposite things.
The current SHIB price metric shows that whales are not accumulating or holding. Instead, they’re reducing exposure. If this continues, it may lead to more supply pressure down the road, especially if retail also starts exiting.
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Weak Support Clusters Add to Breakdown Concerns
According to global in- and out-of-money data, SHIB’s current price range ($0.000012–$0.000013) constitutes a weak support cluster. Only 312,850 addresses are holding SHIB in the next lower zone. That means if SHIB breaks below $0.000012, it could fall quickly toward $0.000008, because there aren’t enough buyers at lower levels to absorb the selling.
While the good news is that most holders are out of the money (and unlikely to sell at a loss), this also means there’s little cushion if the price drops.
Even small dips could unlock sharp downside due to weak on-chain support.
Bearish Pennant Hints at Shiba Inu Price Breakdown
On the 2-day price chart, SHIB is forming a pennant pattern, which can break either way. But right now, the price is hovering near the lower trendline of the pennant around $0.00001158, and a clean break below this level could signal a full pattern breakdown. The shiba inu price has attempted a few rebounds from the lower trendline already.
Adding to this, the Average Directional Index (ADX) has weakened. It dropped from 22 (mid-July) to 18.4, showing that the overall trend strength is fading. A falling ADX NEAR a pattern support line typically means the price could roll over without strong buying interest to stop it.
The Average Directional Index (ADX) measures how strong a price trend is; whether it’s going up or down, and a falling ADX means the trend is weakening, not gaining momentum.
If SHIB loses support at $0.0000115, it could fall lower, also confirmed by the In-and-Out of money setup. On the other hand, for this bearish setup to be invalidated, SHIB WOULD need to flip above $0.0000132 and $0.0000137 first. However, the trend would turn bullish if it can break past the pennant resistance, specifically around $0.0000150.
