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Shiba Inu (SHIB), once a popular meme coin that is known for its wild price swings, is back under pressure. This time, it is threatening to add another zero to its already fractional price. As of June 19, SHIB is trading at $0.00001151, just above a support zone that has held since early 2022.
The current level is a technically significant area that SHIB bulls have defended loads of times over the past two years. But with the latest price action dipping back into the shaded support zone on the chart, the market is showing signs of weakening momentum.
If the SHIB price drops below this zone, it will be a new local low, and the token's price will have a fifth zero, which is a psychological barrier that could make retail interest even lower.
SHIB's struggles come at a time when there is a general slowdown in the crypto market, especially among altcoins. Bitcoin's still holding strong, but alternative coins have been bleeding extremely hard recently.
Worse than bad
The current setup is especially risky because there is no immediate structural support below the current range. If the $0.00001 level gives way, Shiba Inu coin could slide into uncharted territory quickly. What is threatening is that it could also lead to algorithmic selling.
Even though things do not look good, SHIB still has a loyal following, and it will be interesting to see how the whales stack up over the next few days. But if there is not a strong bounce soon, the story could go from hopeful consolidation to full-on breakdown.
So, what happens at this level could define the token's summer — and possibly the rest of 2025.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team