Shiba Inu at a Crossroads: 15% Drop Tests Key Support – Panic Sell or Buy the Dip?

Shiba Inu’s price tanks 15%—now teetering above make-or-break support. Is this the meme coin’s last stand or a golden entry point?

Blood in the streets or discount bonanza?

The SHIB chart flashes red as sellers overwhelm buyers, slicing through psychological levels like a hot knife through butter. Critical support looms—the kind that either sparks a 50% rebound or accelerates the freefall.

Whales vs. paper hands

On-chain data reveals accumulation by anonymous wallets while retail traders dump bags. Classic crypto: the rich get richer, and the emotional pay the tuition.

The cynical take

Another day, another ‘critical level’ in an asset whose fundamentals include a dog breed and infinite supply. But hey—those Lambos aren’t going to buy themselves.

Shiba Inu (SHIB) is approaching a key support at $0.0001050 that could determine the token’s trajectory over the next few days.

This project has one of the strongest communities in the crypto space and it is the home of a growing ecosystem of decentralized apps (dApps) through which investors can stake their SHIB, play blockchain-based games, and trade other meme coins.

If SHIB bounces off its key support at $0.00001050, does this favor a bullish Shiba Inu price forecast?

Shiba Inu Price Prediction: Negative Momentum Takes a Hold But May Have Reached Extreme Levels

Looking at Shiba Inu’s daily chart we can see that bearish momentum has been accelerating in the past few days as the token has dropped in 7 out of the past 9 trading sessions.

One interesting indicator that favors a bearish Shiba Inu price prediction is the BBTrend. This metric measures how Bollinger Bands have expanded and contracted lately to measure the strength of the current price trend.

As seen in the chart, the indicator has been posting increasingly higher negative red bars that indicate growing bearish momentum as SHIB nears its key support at $0.00001050.

Although this points to a bearish outlook, it could also mean that sellers have gone too far already and could anticipate the exhaustion of the downtrend once it gets to this relevant level.

Hence, if SHIB touches and bounces off this mark, sellers may not have the necessary ammunition to keep pushing the price lower. This supports a bullish shiba inu price prediction that favors a ‘mean reversion’ move.

This means that SHIB could rise to around $0.00001500 – an important level where the daily 200-day exponential moving average currently sits.

Although SHIB’s performance this year has been disappointing, the best crypto presales of the year like SUBBD (SUBBD) offer significant upside potential to early buyers.

(SUBBD) Raises Nearly $700,000 to Launch its Powerful Content Distribution Platform

SUBBD (SUBBD) has created a decentralized content distribution platform that allows creators to keep a higher share of their earnings and protects them from unfair bans and restrictive moderation policies.

More than 2,000 influencers with a combined following exceeding 250 million fans have already signed up to join SUBBD and they are waiting for the platform’s official launch to start sharing content.

The SUBBD token is the ecosystem’s utility asset. Creators will get paid with it and will enjoy faster payments and low platform fees while fans will use it to get subscription discounts, early access to new features, and more.

Once the platform is launched, the demand for $SUBBD will skyrocket as fans will follow their favorite creators wherever they go.

To buy this token at its discounted presale price of 0.0557, head to the SUBBD website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for it or use a bank card to invest.