Shiba Inu‘s price is currently facing some serious downward pressure as market analysts are now predicting a further 20% decline to the $0.0000090 level. At the time of writing, the popular meme token is trading around $0.0000122, showing very little movement over the past 24 hours but recording some pretty significant losses of about 9.2% weekly,16.8% biweekly, and also an alarming 25.4% monthly. This rather troubling Shiba Inu price trend coincides with declining network activity and also reduced whale interest in the ecosystem right now.
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Shiba Inu Price Forecast: Risks, Market Volatility & Investor Strategy
Technical Analysis Shows Bearish Pattern
The Shiba Inu price analysis from TradingView reveals a token trapped in a descending channel with consistently lower highs and lows. The charts indicate absolutely no breakout signals whatsoever, which points to continued downward movement toward the critical $0.0000090 support level in the near future.
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TradingView analysts examining the SHIB/USDT chart consider that market signals do not suggest a breakout, leaving SHIB vulnerable to further declines. There is a lack of momentum and we expect a continued downturn unless strong reversal signals emerge.
On-Chain Metrics Signal Trouble
Recent data shows some pretty worrying trends for Shiba Inu price stability. The IntoTheBlock metrics reveal that the 7-day new addresses have dropped by about A.23%, active addresses fell by around 11.95%, and Zero Balance Addresses have plummeted by a staggering 25.34%. This indicates fewer new investors and also reduced overall engagement with the token.
Whale Investors Abandoning Ship
Large holder activity, which is definitely a key indicator for the direction of Shiba Inu’s price, also shows an alarming retreat from the market lately. Whale inflows have decreased by approximately 64.05% over seven days, an incredible 88.65% over 30 days, and also a whopping 87.12% over 90 days.
This extended exodus of major investors adds significant bearish pressure to the Shiba Inu price, typically resulting in reduced liquidity and also potentially higher volatility in the coming weeks.
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Critical Support Level in Focus
The $0.0000090 mark represents a crucial monthly support for Shiba Inu price action right now. Breaking below this level could possibly trigger even steeper declines, while finding support here might provide a bounce opportunity for traders and investors alike.
A Crypto Basic analyst observing the price pattern had this to say:
A key target in this downtrend is $0.0000090, a critical monthly support level that could determine SHIB’s near-term price direction. This represents a 20% fall from the time of the analysis.
For any kind of meaningful Shiba Inu price recovery to happen, the market needs renewed whale interest, increased network activity, and broader market support for risk assets. Without these elements coming together, the decline to no less than $0.0000090 remains the most likely outcome.
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