- Shiba Inu presses $0.00000667, critical for potential base-building and recovery phases.
- Weekly drawdown triggers $2.45B liquidation, signaling seller exhaustion in SHIB markets.
- MACD and RSI indicate early signs of momentum shift, hinting at potential mid-term rebound.
Shiba Inu price prediction focuses on the $0.0000066721 support, marking a key structural level. Weekly losses have tested long-term demand zones, while technical indicators suggest early buyer re-engagement could influence SHIB’s next move.
$0.0000066721: Critical Support Zone
Shiba Inu is currently testing $0.000006672, a level that has historically acted as a demand shelf. Repeated rallies above this price have triggered bullish phases in past cycles.
Weekly charts show SHIB in a macro downtrend, forming lower highs and lower lows. Persistent rejections at $0.0000148 and $0.000033 reinforce the strength of overhead resistance.
Holders are closely watching this zone, as price behavior here could define the short-to-mid-term trend. Maintaining support would allow consolidation and possible recovery.
Market Behavior and Liquidity
Recent activity indicates $2.45 billion in liquidation, with $2.27 billion coming from long positions. This shows high leverage pressure on bullish participants.
Open interest has decreased by roughly 15% to $75 million. Reduced engagement suggests broad de-risking rather than aggressive re-entry.
The market’s reaction to this structural support will determine whether SHIB stabilizes or continues into lower support zones near $0.00000299.
Technical Indicators and Potential Recovery
RSI has rebounded from the 30 oversold threshold, signaling potential exhaustion of selling pressure. Early buyer interest is gradually returning.
MACD is trending upward toward a possible golden cross. A confirmed crossover could suggest mid-term bullish momentum may develop.
The falling wedge pattern remains intact, approaching its apex. A successful breakout could see SHIB reach $0.00001 initially, with higher targets at $0.000033 or even $0.000042 during strong altcoin conditions.
Historical Context and Cycle Analysis
Shiba Inu has shown progressively weaker performance in successive bull cycles. This trend questions whether past upside can repeat in the current cycle.
Long-term demand zones around $0.0000066 have previously served as pivotal points. Current retests are closely monitored by investors for potential reversal or breakdown.
Team members attribute price behavior to over-leverage and forced selling patterns. Market structure has not yet broken decisively, leaving room for consolidation or a potential rebound.
