Shiba Inu (SHIB) has faced renewed selling pressure in recent sessions, falling 4.50% in the past 24 hours as the broader crypto market traded sideways. The token’s seven-day decline also sits at 4.50%, while year-to-date losses have reached nearly 35.5%. According to CoinMarketCap data, SHIB currently trades at $0.00001261, placing it outside the top 20 cryptocurrencies by market capitalization.
Weekly Support Levels in Focus
Analyst MMB Trader has highlighted two crucial support zones at >$0.000010 and $0.000007, which have repeatedly absorbed downward pressure. Shiba Inu famously crashed to $0.00000714 in July 2022 after an 88% drop from its 2021 peak of $0.00008854. Buyers stepped in strongly at that level, helping the token stage a recovery.
Since then, the memecoin has revisited the $0.000010 zone multiple times, including in March, April, and June of 2025, each time managing to rebound. Similar price action was recorded in June and October 2023, reinforcing this area as a key demand zone.
Price Targets and Historical Performance
If Shiba Inu can break its descending trendline, the analyst projects several upside targets. The first milestone sits at $0.00003364, representing a 170% rise from current levels. A move to $0.00005480 would mark a 330% surge, while a more ambitious target of $0.00007716 suggests potential gains of around 500%.
History provides some precedent. On March 5, 2024, SHIB soared from $0.00000967 to $0.00004567 during a meme-coin frenzy. Later in December 2024, the token recovered to $0.00003343 before retreating again, showing its tendency for sharp rallies and pullbacks.
Current Sentiment and Market Snapshot
Despite the recent decline, market sentiment remains mixed. The Fear & Greed Index currently reads 60, sitting in the “Greed” zone, while technical indicators lean bearish. Over the last 30 days, SHIB recorded gains on 14 of 30 sessions (47%) with an average price volatility of 7.02%.
Forecast models give more modest short-term expectations, with one projection suggesting SHIB could reach $0.00001324 by September 17, 2025. Traders, however, caution that large swings in Shiba Inu typically require significant trading volume and broad market attention.
What to Watch Next
Analysts emphasize that on-chain flows and trading volume will be critical in determining SHIB’s next direction. Breakout attempts without rising volume often fail to sustain momentum. Additionally, exchange inflows and whale transactions remain important signals, as large transfers to exchanges have historically preceded selling pressure.
For now, traders are watching closely to see whether Shiba Inu’s$0.000010 support can hold firm. If it does, it could set the stage for another attempt at higher targets.
