Shiba Inu Adds a Zero: Ugly Price Reversal Sparks Fears of Deeper Correction

Shiba Inu (SHIB) finds itself back in troubled waters. After a brief flash of hope and a bullish breakout earlier in September, the token hit strong resistance and failed to hold the crucial $0.000015 level. The result was a sharp reversal downward, fueling concerns that SHIB may face even steeper losses – including the dreaded addition of another zero to its price.

Technical Analysis: 200-Day EMA Rejection At first glance, things looked promising – SHIB broke out of a tightening wedge pattern after weeks of consolidation, supported by rising trading volume. However, the breakout quickly lost momentum.

🔹 Resistance at $0.000015 – price couldn’t stay above this key zone

🔹 200-Day EMA – instead of confirming an uptrend, SHIB was rejected and fell below

🔹 Possible targets – support at $0.000012, with risk of sliding toward $0.000010 The drop below the 200-day EMA is especially worrying. Historically, failed retests of this trend indicator often triggered prolonged bearish phases.

Weakening Fundamentals: Bitcoin Holds, Altcoins Lag SHIB’s struggles aren’t just technical – the broader market picture adds pressure:

🔹 Bitcoin remains near $115,000 but is stuck in a tight trading range with little follow-through

🔹 Altcoins like SHIB rely heavily on speculative inflows, which are fading

🔹 Shibarium, SHIB’s Layer-2 scaling solution, shows declining on-chain activity, weakening investor confidence This failed breakout created a classic “bull trap”, drawing in late buyers and amplifying selling pressure.

What Comes Next? The outlook for SHIB is now clear: unless the price quickly reclaims $0.000014, a deeper correction is likely. The market is at a tipping point where even a small push could decide whether SHIB recovers or sinks to new lows.

Once again, Shiba Inu highlights its extreme volatility – and for investors, it’s a reminder that without strong fundamentals, even short-lived bullish moves can quickly collapse into sharp sell-offs.

#shibaInu , #SHIB , #memecoin , #CryptoAnalysis , #cryptotrading

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