- SHIB has dropped to a two-month low, with $0.00001030 now the key support level to watch.
- Technicals are heavily bearish, with RSI at 39 and MACD flashing red, signaling potential for more downside.
- Geopolitical tensions and the Fed’s policy stance could heavily influence SHIB’s direction in the coming days.
Shiba Inu isn’t looking too hot this week. The meme coin just dropped to a two-month low of $0.00001148, and with momentum slipping, traders are starting to worry it might break under that critical $0.00001030 support. SHIB’s down over 12% in the past seven days, sliding to 19th in the crypto rankings, and technicals are throwing up red flags left and right. With the RSI at 39 and the broader crypto space in flux, SHIB is hanging on by a thread.
Resistance Rejection Triggers Selloff
Things really started to unwind after SHIB couldn’t clear the $0.00001230 resistance mark. That failure led to a steep selloff, with more than 1.2 billion tokens moving across exchanges. The drop wasn’t just about SHIB, though — rising economic uncertainty and market jitters across both crypto and traditional assets added extra fuel to the fire. Right now, sentiment’s fragile, and SHIB is feeling the pressure from every angle.
Bearish Technicals Signal More Downside Ahead
Technically, it’s not pretty. The RSI sitting at 39 might suggest oversold conditions, but don’t count on a bounce just yet. Momentum indicators like the MACD have flipped bearish, pointing to continued downward action. If SHIB breaks under $0.00001030, we’re looking at territory not seen since April — and that could trigger even deeper losses. For now, that support level is basically the last line of defense.
Geopolitics and the Fed Stir the Pot
What’s making things even messier is the macro picture. Escalating tensions in the Middle East, especially with Trump’s aggressive tone toward Iran, are pushing investors away from riskier assets like SHIB. If the situation cools down, we could see a relief rally — but if it escalates, the risk-off sentiment will probably intensify.
And then there’s the Fed. Wednesday’s FOMC meeting could play a big role in what happens next. A hawkish tone might pile more pressure on crypto, while dovish vibes could bring some much-needed relief. Either way, SHIB’s next move may hinge more on macro news than on meme hype.
All Eyes on $0.00001030
Right now, that $0.00001030 support level is where everything’s pointing. If SHIB holds, there’s a shot at stabilization. If it breaks, well — brace for turbulence. With bearish momentum building, geopolitical stress flaring, and the Fed looming large, this is a real crossroads moment for SHIB heading into the second half of 2025.
