SHIB Faces Critical Support Test Amid Persistent Bearish Pressure
Shiba Inu (SHIB) continues to struggle under bearish momentum as it tests a crucial support level at $0.0000114, following a breakdown from its May trading range. The memecoin''s descent aligns with the descending triangle pattern identified earlier this month, signaling further downside potential. Technical indicators, including the RSI remaining below 50 for three weeks and a declining OBV, underscore the ongoing selling pressure. Despite the grim outlook, this key support level could present a pivotal moment for SHIB, with potential for a reversal if bulls step in. As of June 2025, market participants are closely watching for signs of stabilization or further declines in SHIB''s price action.
SHIB Tests Key Support Level Amid Bearish Trend
Shiba Inu''s price action remains firmly bearish, with the memecoin testing critical support near $0.0000114 after breaking below its May trading range. The descending triangle pattern identified earlier this month has played out as anticipated, driving SHIB toward local lows.
Technical indicators paint a grim picture for bulls. The RSI has languished below neutral 50 for three consecutive weeks, while the OBV''s sustained downward trajectory confirms increasing selling pressure. Friday''s dip to $0.0000114 marked a crucial test of support, though the $0.000012 level shows tentative signs of holding.
Market structure suggests any reversal WOULD require strong demand signals and clear divergence patterns on lower timeframes. Until then, the path of least resistance points downward, with the next cluster of liquidation levels looming as potential targets.
Shiba Inu''s ''One Cent Dream'' Faces Supply Hurdles
Shiba Inu''s quest for a $0.01 valuation appears increasingly improbable given its astronomical circulating supply of 589 trillion tokens. At that price point, SHIB''s market capitalization would balloon to $5.89 trillion—surpassing the GDP of most nations. The meme coin''s historical 2021 surge, fueled by Vitalik Buterin''s 450 trillion token burn, remains an outlier rather than a replicable event.
Current burn mechanisms operate at a fraction of Buterin''s decisive action. While SHIB demonstrated million-percent gains during its launch phase, achieving an 82,069% rally now would require unprecedented demand against an ocean of existing tokens. The project''s fundamental economics, not market sentiment, now FORM the primary barrier to its aspirational pricing targets.
Shiba Inu Stagnates Near Key Support Levels Amid Market Uncertainty
Shiba Inu trades sideways at $0.000012, marking a 15% monthly decline as Q2 2025 fails to deliver price catalysts. The memecoin now tests critical Fibonacci levels, with $0.00001309–$0.00001333 emerging as make-or-break support.
Market volatility intensifies ahead of impending US tariff policy decisions. Traders note resistance at $0.00001370, though macroeconomic headwinds may cap upside potential. The token remains 30% below its May peak of $0.000017.
Shiba Inu Unveils Shib Alpha Layer with Privacy-Focused Rollup Technology
The shiba inu ecosystem takes a leap forward with the beta launch of Shib Alpha Layer, a rollup abstraction stack designed to enhance Shibarium''s scalability and privacy. Lead developer Kaal Dhairya announced the integration of Fully Homomorphic Encryption (FHE), enabling computations on encrypted data—a breakthrough for sectors like finance and healthcare.
Partnering with ZAMA, Shiba Inu''s FHE-ready rollups allow developers to toggle encrypted smart-contract logic on dApps. This positions SHIB beyond meme status, targeting real-world utility. "It unifies every RollApp into a single ultra-fast layer," Kaal stated, emphasizing seamless user experience across multiple underlying rollups.
