Shiba Inu Slips Further – Is a Major Breakdown Next?

Shiba Inu (SHIB) continues its downtrend, struggling to regain momentum as bearish pressure intensifies. After a period of sideways trading, SHIB has slipped further, raising concerns about a potential price breakdown. With key support levels weakening, traders and investors are questioning whether the meme coin can stage a recovery or if further losses are imminent.

SHIB’s Price Struggles: What’s Driving the Decline?

Several factors are contributing to SHIB’s downward movement:

Weak Market Sentiment – Broader crypto market uncertainty, fueled by regulatory concerns and macroeconomic factors, has weighed on riskier assets like Shiba Inu.
Whale Sell-Offs – On-chain data shows large holders reducing their SHIB exposure, adding to selling pressure.
Lack of Bullish Catalysts – Unlike previous SHIB rallies fueled by major announcements or whale accumulation, the token currently lacks a strong narrative to push it higher.
Declining Burn Rate – SHIB’s burn mechanism, a key factor in long-term supply reduction, has seen a slowdown, reducing its deflationary impact.

Key Support and Resistance Levels to Watch

Technical analysis suggests SHIB is hovering near critical support zones. If selling pressure continues, it could break below key levels, triggering a deeper correction.

• Support Level: $0.0000080 – A break below this could open the door to further downside.
• Resistance Level: $0.0000100 – SHIB needs to reclaim this to signal a potential reversal.

A sustained dip below support could lead to panic selling, while a bounce from these levels might indicate consolidation before a potential rebound.

Despite the bearish trend, SHIB still has long-term potential, thanks to ongoing ecosystem developments such as Shibarium (its layer-2 solution) and partnerships aimed at increasing real-world adoption. However, in the short term, market conditions remain uncertain.

For now, traders should monitor volume, whale movements, and macroeconomic trends to gauge whether SHIB can stabilize or if a further decline is on the horizon.