{"id":8563,"date":"2025-06-06T13:45:00","date_gmt":"2025-06-06T12:45:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=8563"},"modified":"2025-06-06T12:14:19","modified_gmt":"2025-06-06T11:14:19","slug":"shiba-inu-shib-price-drop-today","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/shiba-inu-shib-price-drop-today\/","title":{"rendered":"Why Shiba Inu (SHIB) Price May Keep Falling Today"},"content":{"rendered":"\n

Shiba Inu’s Fall Intensifies with Whale Withdrawal  <\/h2>\n\n\n\n

Shiba Inu (SHIB)<\/a><\/strong> continues to face significant downward pressure this week, with its value dropping to $0.00001275<\/strong>, marking its lowest level since May 9. This 28%<\/strong> decline from the May peak comes as demand weakens and investors flee this memecoin after a prolonged period of underperformance.<\/strong><\/p>\n\n\n

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\"SHIB
Source: Santiment<\/figcaption><\/figure>\n<\/div>\n\n\n

On-chain data shows that the realized profit\/loss of the Shiba Inu network has remained negative<\/strong> for several months<\/strong>, a clear sign of bearish sentiment<\/strong>. This trend has coincided with the continuous selling by whales, whose holdings have decreased from 748 trillion tokens<\/strong> in January to just 718 trillion<\/strong> today. Simultaneously, the supply of SHIB on exchanges has increased, indicating heightened selling pressure.<\/strong><\/p>\n\n\n\n

Technical Analysis That Fails to Reassure  <\/h2>\n\n\n\n

From a technical standpoint,<\/a> the daily chart shows that SHIB <\/strong>has broken below the support of an ascending broadening wedge pattern, dropping below the 50 and 100-day exponential moving averages. This reinforces the current bearish bias. While the relative strength index is still above the oversold zone, further downside appears likely.<\/p>\n\n\n

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\"SHIB<\/figure>\n<\/div>\n\n\n

To reverse the trend, SHIB would need to reclaim the 200-day moving average at $0.00001570<\/strong>. Otherwise, sellers are likely targeting the next key support at $0.000010<\/strong>, the low from last April.<\/p>\n\n\n\n

However, SHIB has not sustained above the strong liquidity zone and POC at $0.000013,<\/strong> confirming a definite lack of investor interest in recent days despite the 28% drop.<\/strong><\/p>\n\n\n\n

Unless there is a bullish reversal in Bitcoin<\/a> in the coming days, SHIB is likely to see a new low in the demand zone between $0.00000098 and $0.0000088.<\/strong><\/p>\n\n\n\n

Investors should therefore exercise extreme caution with Shiba Inu in the weeks ahead. On-chain data and technical analysis reveal a concerning bearish outlook, with a high risk<\/strong> of continued price decline. Only a return above the 200-day moving average could reverse the current trend. Given this situation, it is probably best to refrain from trading or consider short positions on SHIB.<\/p>\n\n\n\n

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Buy SHIB on Bitget now !<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n