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Shiba Inu (SHIB) is in crisis and, as one of the best-known crypto technical analysts declares, the meme coin could lose a lot of value once the current price support gives way.
According to a new weekly chart posted by analyst Ali Martinez, SHIB is holding onto the $0.0000066721 support level — a threshold it has not reached since mid-2023, and the current structure looks fragile, with consistent lower highs and thin liquidity on the bounce attempts. If this level gives out, Martinez points to two possible crash zones: $0.0000029954 and $0.0000013522.
This is not just another case of "buy the dip," as hitting the second target would mean a 81% drop from the current price point, basically erasing almost three years of the Shiba Inu support structure in one big plunge.
For a token that is already down 92% from its 2021 high, a crash like this could totally reset it from the surface of the crypto market.
How low?
It is interesting that this is similar to what happened in 2022, when the SHIB price consolidated for weeks before falling into a multimonth bear flag. Volume is drying up again, sentiment is collapsing and social media interest in the project has cratered to 2021 prehype levels.
SHIB's last pump in the middle of 2025 barely broke past $0.0000148062 — a level that is now acting as heavy overhead resistance.
Ali's chart does not show things looking super bad, but it does make us remember that meme tokens cannot hold their value when the crowd disappears. The 81% wipeout is not a forecast; it is a possible outcome.
Until SHIB bounces back or recaptures its midrange structure, any price action below $0.0000066721 is at risk. If that line breaks, the SHIB army will be asking "Who's still here to care?" instead of "How low?"
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