Shiba Inu’s 10% Weekly Plunge: Is Another Zero Imminent?
Memecoin bloodbath continues as Shiba Inu investors face brutal 7-day selloff.
Technical Breakdown
The dog-themed cryptocurrency got mauled by bears this week, shedding exactly 10% of its value in a relentless downward spiral. Trading volumes spiked as panic set in across retail portfolios.
Zero Gravity
With SHIB now flirting with critical support levels, traders are watching decimal places like hawks. Another zero getting added to the price would represent catastrophic losses for late entrants—but veteran crypto degens have seen this movie before.
Market Psychology
Fear dominates as leveraged positions get liquidated across exchanges. The 10% crash triggers flashbacks to memecoin winters past, where 'buy the dip' turned into 'catch the falling knife' for overzealous investors.
Wall Street's favorite punching bag strikes again—nothing says 'sound investment strategy' like dog-themed digital assets swinging 10% in a week while traditional finance dinosaurs nod smugly.
Source: CoinGecko
Will Shiba Inu Gain Another Zero Amid Price Crash?
Shiba Inu (SHIB) is currently facing a substantial risk of gaining another zero after its decimal point. However, investors should note that SHIB last traded under $0.00001 in February of 2024. The popular cryptocurrency has not gained a zero after its decimal point over the last 18 months. The trend may continue, given that SHIB has some support at the $0.000012 level.
CoinCodex analysts also don’t expect shiba inu (SHIB) to fall below the $0.00001 mark. The platform anticipates SHIB’s price to consolidate around its current level. According to CoinCodex’s data, SHIB could hit $0.00001384 on Oct. 28. Hitting $0.00001384 from current price levels will translate to a rally of about 14.38%.
The latest market crash could be due to fresh volatility arising from uncertainties around the Federal Reserve’s monetary policy. Federal Reserve Chair Jerome Powell will deliver a speech tomorrow, Sept. 23, 2025. Investors will likely look for clues on where the Fed stands. A dovish stance could lead to Shiba Inu’s (SHIB) price experiencing a rebound. However, a hawkish stance could lead to SHIB’s price falling even further. Such a scenario could lead to SHIB gaining an additional zero in its price.
On the other hand, October has historically been a bullish month for the cryptocurrency market. We could see the pattern continue in 2025 as well.
