Shiba Inu (SHIB) has experienced significant price declines recently, dropping around 15% over the past week despite mild recovery trends in other meme coins like Dogecoin (DOGE) and Pepe (PEPE). The downturn is attributed to growing geopolitical tensions in the Middle East, which have broadly impacted the crypto market.
SHIB is currently trading near a crucial support level of approximately $0.00001050, a zone historically defended since early 2022. Technical indicators such as the BBTrend suggest strong bearish momentum; the token has declined in 7 of its last 9 sessions, raising concerns about potential further downside.
However, the situation is nuanced. The strong Shiba Inu community, coupled with its expanding ecosystem that includes decentralized apps for staking, gaming, and trading of meme coins, introduces hope that sellers might exhaust their momentum near this key support. If SHIB rebounds from this level, analysts project a possible upward move toward $0.00001500, near the daily 200-day exponential moving average.
On the flip side, a break below this support could lead to a new local low with the token adding another zero to its price metric, a psychological threshold that may reduce retail investor interest and trigger algorithmic selling. The absence of immediate support beneath the current level intensifies the risk of a sharp decline.
Despite the bearish trend, SHIB's loyal holder base, including whales, might influence price action in the short term. The upcoming days are seen as pivotal for determining SHIB's trajectory for the rest of 2025.
Additional context includes reference to SUBBD (SUBBD), a decentralized content distribution platform preparing for launch with nearly $700,000 raised and a large group of influencers onboard. While SUBBD offers potential upside, its impact on SHIB remains indirect.