The post Shiba Inu Coin: Pay Attention To This After Its Latest Move appeared on BitcoinEthereumNews.com.

Meme coins tend to take a big hit when the market crashes and that was the case with Shiba Inu. While most coins started at the end of July, the dog-themed memecoin kicked off its latest bearish trajectory about two weeks ago. The bearish head start for Shiba Inu paved the way for a broader pullback. The meme coin retraced by 25% from its local top on 21 July.  Interestingly, its bigger brother Dogecoin tanked by a bigger margin during the same period, validating the observation that top memecoins suffered a bigger crash. Shiba Inu price action/ source: TradingView SHIB’s intense pullback blasted through 0.5 to 0.618 Fibonacci zone which historically tends to be a pivot zone. This confirmed a strong bearish momentum, which signaled more potential downside. Shiba Inu Enters a Noteworthy Accumulation Zone Shiba Inu’s latest pullback drew its price action closer to the $0.000012 price level. Past bearish outbursts that pulled the price towards the same level in the last 12 months resulted in accumulation and recovery. SHIB might experience a demand resurgence if a similar outcome occurs after the latest pullback. Moreover, Shiba Inu might be attractive to short term traders considering its price swings. A look at its performance over the last few months revealed that significant upside occurred after every sizable pullback.  A strong rally from the accumulation zone was probable, especially accounting for the fact that SHIB price was also severely discounted from its March 2024 top. For reference, SHIB’s press time price tag was equivalent to a 74% discount from the peak in March. The discount was even steeper compared to its historic all-time high price achieved in November 2021. Although there were multiple signs in favor of SHIB’s potential upside, its potential downside was also noteworthy.  Extended sell pressure highlighted the…

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Filed under: News - @ August 3, 2025 3:25 pm