Crypto Market Prediction: Shiba Inu (SHIB) in Free Fall to Add Zero, Ethereum (ETH) Secures $4,000, Bitcoin (BTC): $110,000 Comeback Attempt
The post Crypto Market Prediction: Shiba Inu (SHIB) in Free Fall to Add Zero, Ethereum (ETH) Secures $4,000, Bitcoin (BTC): $110,000 Comeback Attempt appeared on BitcoinEthereumNews.com.
The price performance of Ethereum, Shiba Inu and Bitcoin is somewhat similar as all those assets are trying to recover and reach price levels that will make them stand out. Unfortunately, those recoveries are almost completely baseless and unlikely to yield strong movements toward local highs. Shiba Inu not stabilizing? The price of Shiba Inu has dropped to $0.00001105 and is not showing any signs of stabilizing, marking yet another period of intense pressure. There are no obvious support areas left to stop the decline after the token broke below its multi-month symmetrical triangle structure. Without volume, momentum, or any discernible buy-side strength, SHIB appears on the verge of dropping its price by another zero. SHIB has lost important moving averages on the technical front, such as the 200-day EMA ($0.0000135) and the 50-day EMA ($0.0000125). The breakdown below these levels emphasizes the dominance of sellers and validates the exhaustion of bullish attempts. A clear rejection from descending resistance is followed by a steady decline with no indication of a demand spike, as the chart depicts. SHIB/USDT Chart by TradingView Trends in volume support this pessimistic view. Comparing trading activity to previous accumulation phases, it has collapsed, indicating a sharp decline in investor interest in SHIB. Since there are fewer bids to absorb sell orders, downside moves typically accelerate in low-volume settings. Another level of concern is added by momentum indicators. The RSI is slightly above oversold territory at 37, indicating weak momentum. Relief rallies may normally be possible during oversold conditions, but in SHIB’s case, any bounce is unlikely to last due to the absence of accompanying volume. SHIB is basically in free fall because there isn’t any strong support. The $0.00001000 level is the next round-number zone. This psychological level may encourage speculative buying, but if it is…
Filed under: News - @ September 29, 2025 12:18 am