Shiba Inu Price Alert: SHIB Faces 15% Plunge If This Critical Support Fails

Shiba Inu teeters on the edge as key support level threatens to collapse—taking 15% of its value with it.

The Breaking Point

SHIB holders watch nervously as the meme coin approaches its make-or-break price floor. Lose this level, and the descent begins.

Technical Breakdown

Market charts scream caution. That crucial support line everyone's been watching? It's showing cracks. Technical analysts point to clear bearish signals forming across multiple timeframes.

The Domino Effect

Once support breaks, the 15% drop becomes almost inevitable. Stop-loss orders cluster just below current levels, ready to trigger a cascade of selling pressure.

Broader Market Context

While Bitcoin and Ethereum show relative stability, meme coins like SHIB face their own reality check—because nothing says 'sound investment' like dog-themed digital tokens reacting to Elon Musk's latest tweet.

Either SHIB holds the line here, or investors learn the hard way that in crypto, sometimes the only thing going to the moon is your blood pressure.

Looking at on-chain data, exchange reserves have been dropping sharply since the year started as the price went down from $0.000030 to $0.000011, favoring a bearish shiba inu price prediction.

Although this could indicate that participants are opting to store their assets in external wallets, it could also mean that demand for this token is declining.

Exchange reserves alone don’t tell the entire story. This metric has been declining for a couple of years now, but that January drop is steep enough to be considered important.

We can see that traders’ interest in SHIB since January has been steadily declining, meaning that this downtrend in reserves is not necessarily the result of an increase in long-term holders but rather the result of a drop in the market’s interest in SHIB. This favors a bearish outlook for the token unless sentiment shifts at some point.

Shiba Inu Price Prediction: SHIB Could Drop To $0.000010 If It Loses This Support

Looking at the daily chart, SHIB has once again dropped to the $0.000012 support area and has been making a series of lower highs, meaning that a downtrend is in play.

Going back to this demand zone means that the market has not found willing buyers at higher prices and has been forced to push the token back to this level in search of liquidity.

Hence, if the token does not bounce strongly off this area and breaks above the 200-day exponential moving average (EMA), the odds favor a push to $0.000010. This implies a 15% downside potential in the NEAR term.

The Relative Strength Index (RSI) favors a bearish outlook as well, as it is on a downtrend and seems poised to reach oversold levels. When this happens, it implies that negative momentum is accelerating.

In contrast, if SHIB experiences a strong bounce off this key support area and breaks above the trend line resistance shown in the chart, it means that buyers have been found, and this could lead to a full-blown reversal.

As altcoin season begins, identifying the top assets to outperform the market as a whole is critical to reap the highest returns. One early crypto presale called Maxi Doge ($MAXI) has been captivating investors lately.

In a relatively short period, this meme coin has raised more than $2.6 million and could be one of the next cryptocurrencies to 10X or even 100X during this cycle once it is listed on top exchanges.

Maxi Doge ($MAXI) Taps Into the Hype with Leveraged YOLO Trades

Maxi Doge ($MAXI) takes the iconic Doge meme and spins it into a community-centered meme coin built for risk-takers.

At its core, $MAXI connects degens with a high-risk/high-reward strategy through the Maxi Fund. This program invests up to 25% of the presale’s proceeds into the most promising tokens of the cycle with up to 1000X leverage.

Maxi knows no red candles. This token fully embraces the ‘up only’ HYPE that characterizes bull markets. Now that altcoin season has started, $MAXI is ready to fly, and early investors will be positioned favorably to reap the highest returns.

To buy $MAXI at its presale price, head to the official Maxi DOGE official website, and link your wallet (e.g. Best Wallet).

You can either swap USDT or ETH for this token or use a bank card to invest.

Buy Maxi Doge Here

The post Shiba Inu price Prediction: SHIB Risks 15% Drop If It Loses This Key Support appeared first on icobench.com.