Shiba Inu Falls 4.50% as Market Struggles, Support Levels Hold

Shiba Inu (SHIB) decreased by 4.50% in the last 24 hours and has a year-to-date decline of about 35.5%, trading at $0.00001261. It is currently outside the top 20 cryptocurrencies by market cap.

Weekly Support Levels

Key support levels are at $0.000010 and $0.000007, which have absorbed selling pressure.
Price dropped to $0.00000714 in July 2022 but rebounded from that region multiple times.
The token revisited the $0.000010 zone throughout this year and showed signs of demand.

Analyst Targets

If SHIB clears its descending trendline, targets include:
$0.00003364 (170% rise)
$0.00005480 (330% increase)
$0.00007716 (500% increase)
Past movements show significant price swings during meme-coin trends.

Short-term forecast suggests SHIB may reach $0.00001324 by September 17, 2025.

Market Sentiment

Fear & Greed Index is at 60, indicating a Greed sentiment.
Technical indicators show a Bearish tilt.
SHIB had 14 green days (47%) with 7.02% price volatility over the last month.
Traders should monitor volume and on-chain flows, as large inflows often precede sell-offs.

Featured image from Meta, chart from TradingView