SHIB News: Potential 30% Decline Predicted for Shiba Inu Token

Recent developments in the cryptocurrency market have cast a shadow over Shiba Inu (SHIB) investors, as the token faces a potential 30% decline according to market analysts.

SHIB Faces Potential 30% Decline

Shiba Inu (SHIB) has suffered significant losses in recent days, dropping by 16% over the past week and 10% in the last 24 hours. The decline has pushed SHIB’s market capitalization below $7.7 billion, knocking it out of the top 20 cryptocurrency rankings. Over 60% of SHIB holders are now experiencing paper losses. One market watcher suggests the token could fall to $0.000012 or potentially as low as $0.0000094, representing a further 30% decline from current levels. However, another market watcher suggests that if SHIB breaks above $0.00001461, it could see a 230% price rally.

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SHIB Crash Signal Flashes: Price May Add Another Zero by End of February 2025

Technical indicators for Shiba Inu (SHIB) show a strong negative signal, with a ’mini death cross’ developing. Large SHIB holders have significantly reduced their inventory, pointing to diminishing confidence. As of February 19, 2025, SHIB is trading at $0.0000152, and 81% of technical indicators show a negative trend, increasing the likelihood of SHIB’s price adding another zero before the end of February.

Shiba Inu Price Potential Linked to Bitcoin’s Future

Bitcoin’s dominance in the cryptocurrency market is undeniable, controlling over 60% of the market’s movements and affecting altcoins like Shiba Inu (SHIB). As Bitcoin’s price fluctuates, Shiba Inu often follows a similar trend. With potential future price targets for Bitcoin at $500,000 or even $13 million, it’s worth considering how these milestones might influence Shiba Inu’s market value. Recently, Bitcoin’s price experienced a substantial drawdown, dipping over 10% weekly.