The post Shiba Inu (SHIB) to Add Zero? $0.000015 Lost appeared on BitcoinEthereumNews.com.

No fuel for Shiba Inu No catalyst, no growth The price rally for Shiba Inu has reached a dead end, and the short-term outlook is not good. The long-term 200-day moving average and the $0.000015 resistance zone are the points at which the meme coin was decisively rejected. Selling pressure has increased as a result of the rejection, and SHIB is currently trading in the $0.0000135 range, hovering just above a significant local support.  No fuel for Shiba Inu Technically the recent price movement of SHIB is similar to a failed breakout. The asset lost momentum and fell back below the major moving averages after momentarily breaking above them. It is still difficult to break through the $0.00001449 resistance as the price cannot hold above it for more than a few sessions.  SHIB/USDT Chart by TradingView According to the current RSI and volume profile, the likelihood of either a significant correction or extended sideways action coming first is higher for this kind of price behavior. After a comparatively weak bounce, SHIB’s inability to maintain above the 50 and 100-day moving averages supports the bearish thesis. There was no new volume surge to support further upside, and the momentum that had propelled it from below-$0.000012 levels swiftly vanished. It appears more likely that the token will return to the $0.00001267 level, or worse, $0.0000120, if it is unable to stabilize above the current short-term support at $0.0000131.  You Might Also Like No catalyst, no growth This retreat mostly shows the lack of fundamental conviction among SHIB holders and meme coins in general: these assets frequently quickly retrace following speculative pumps in the absence of fresh catalysts. Most recent purchases were probably motivated more by short-term sentiment than by conviction or utility, as evidenced by the lack of sustained demand at higher…

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Filed under: News - @ July 29, 2025 2:29 pm