Shiba Inu (SHIB) Hits 16-Month Low—Is This the Ultimate Buying Opportunity?

Shiba Inu (SHIB) just cratered to its lowest price in over a year. But for degens with diamond hands, this might be the signal they’ve been waiting for.

### The Bloodbath Bottom?

SHIB’s 16-month nosedive has left bagholders sweating—but every crypto winter thaws eventually. Meme coins don’t die; they hibernate.

### Whales vs. Paper Hands

While retail panic-sells, on-chain data shows accumulation. Someone’s loading up. (Probably the same folks who’ll dump on the next 20% pump.)

### The Cynic’s Take

‘Buy the dip’ works until it doesn’t. But let’s be real—since when has rational investing applied to dog-themed internet money?

TLDR

• Shiba Inu (SHIB) hit a 16-month low of $0.000010 on Sunday before recovering 7.7% to trade around $0.00001081
• Technical analysts identify a potential double bottom pattern that could signal a 62% rally if support holds above $0.000010
• Whale holdings have dropped 80% from May highs while futures open interest fell to $123 million, the lowest since April
• A massive $400 million supply zone of 33 trillion SHIB tokens near $0.00001200 creates resistance for price recovery
• MACD indicator approaches bullish crossover suggesting the month-long downtrend may be ending

Shiba Inu dropped to its lowest price in 16 months on Sunday, touching $0.000010 before staging a modest recovery. The meme coin has since climbed 7.7% to trade around $0.00001081 as traders watch for signs of a potential turnaround.

The token has struggled throughout June, falling 14% since the month began. SHIB remains down 37% from its May peak of $0.00001764, reflecting broader weakness in meme coin markets.

Market analyst Tom Tucker identified what appears to be a double bottom pattern forming on SHIB’s daily chart. This technical formation often indicates that selling pressure may be exhausting itself.

$SHIB crashed 7.5% to $0.000011 as geopolitical tensions spooked markets.

Down 38% from May highs, with whale holdings -80% and futures OI at a 1-month low.

TA shows deep oversold levels, but a double-bottom NEAR $0.00001030 could spark a 62% rebound if support holds.#SHIB pic.twitter.com/uEo3ebjxXD

— Tom Tucker (@WhatzTheTicker) June 22, 2025

The pattern first emerged when SHIB bounced from approximately $0.00001028 on April 7. That bounce led to a 70% rally that carried the token to $0.00001765 by May 12.

Now that SHIB has returned to test the same support zone around $0.00001030, traders are monitoring whether history might repeat. Tucker suggests the token needs to hold above $0.000010 to confirm the double bottom setup.

Whale Activity Signals Caution

Large holders have grown increasingly cautious about their SHIB positions. Whale wallet balances have declined roughly 80% from their May highs, indicating major investors are reducing exposure.

Open interest in shiba inu futures has also contracted to $123 million. This represents the lowest level since early April and suggests leveraged traders are pulling back from risky bets.

The combination of reduced whale activity and declining futures interest points to widespread caution among SHIB’s biggest supporters. Such moves typically persist until buyer confidence returns.

Technical Resistance Creates Hurdles

Beyond the immediate support test, SHIB faces a substantial obstacle in the FORM of supply resistance. Data shows 33 trillion SHIB tokens worth nearly $400 million were purchased below $0.00001200.

These early investors now sit on losses and may look to exit positions if prices approach their original purchase levels. This supply overhang creates a significant barrier near the $0.00001200-$0.00001252 range.

The Moving Average Convergence Divergence indicator offers some encouragement for bulls. The MACD appears close to completing a bullish crossover after spending nearly a month in bearish territory.

A confirmed MACD crossover WOULD suggest the selling momentum that has pressured SHIB for weeks may be weakening. Such signals often precede price reversals in trending markets.

SHIB currently trades at $0.00001169 with the token attempting to establish $0.00001141 as reliable support. Success at this level could provide a foundation for further recovery attempts.

If the double bottom pattern plays out as Tucker expects, SHIB could target a 62% rally toward $0.00001752. This would nearly match the token’s May highs and represent a full recovery from recent weakness.

However, failure to hold current support levels could send SHIB back toward $0.00001059 or lower. Such a MOVE would likely extend the consolidation phase and delay any meaningful recovery.

The Shiba Inu development team has encouraged community members to remain patient during the current downturn. Marketing lead Lucie reminded supporters that reaching longer-term price targets requires weathering market volatility.

SHIB’s market capitalization currently stands at $6.8 billion as the token trades 10% higher over the past 24 hours from recent lows.