Crypto Market Prediction: Shiba Inu’s (SHIB) Zero Finally Added, Ethereum (ETH) to Recover at $3,550? Bitcoin (BTC) $100,000 Free
The post Crypto Market Prediction: Shiba Inu’s (SHIB) Zero Finally Added, Ethereum (ETH) to Recover at $3,550? Bitcoin (BTC) $100,000 Free appeared on BitcoinEthereumNews.com.
The market is taking two hits at a time: smaller assets like SHIB are being avoided due to the risk, and larger assets like ETH and BTC are not interesting investors due to their faulty position against gold. Shiba Inu’s key level lost A psychological blow that highlights how bad the current market situation has gotten for the meme-inspired asset is Shiba Inu’s official addition of another zero to its price. With SHIB now trading around $0.0000097, it has completely returned to five-zero territory after collapsing below the critical $0.000010 level following weeks of pressure and an unrelenting downtrend. The decline validates what traders had been worried about for days: Shiba Inu’s structure has completely collapsed. The token broke through all of the major moving averages, including the 50-, 100- and 200-day EMAs, and lost its long-standing ascending support line that had kept it afloat since early summer. SHIB/USDT Chart by TradingView When the $0.0000115-$0.0000120 zone was not held, a sell-off ensued, causing volume to soar as panic spread throughout markets with a high concentration of retail buyers. As far as technical analysis goes, SHIB is currently in a confirmed freefall. Deeply oversold conditions are indicated by the RSI’s decline below 35, but there is not any immediate indication of reversal momentum. In the past, these kinds of meme asset breakdowns typically pick up speed before a significant recovery occurs. Due to the current move’s velocity, even that range may be tested sooner rather than later. The next obvious support level is located between $0.0000080 and $0.0000085. To make matters worse, crypto sentiment is still shaky in the wake of last week’s wave of multi-asset liquidations. Because SHIB is correlated with Bitcoin and other risk-on altcoins, it is experiencing the same macro downdraft, which is characterized by evaporating liquidity, rising…
Filed under: News - @ October 18, 2025 4:28 am