{"id":15566,"date":"2025-02-28T17:32:00","date_gmt":"2025-02-28T17:32:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15566"},"modified":"2025-02-28T17:32:00","modified_gmt":"2025-02-28T17:32:00","slug":"shiba-inu-shib-might-plunge-by-another-30-before-finding-support-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15566","title":{"rendered":"Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst)"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"146\">\n<p data-start=\"2\" data-end=\"146\">According to Ali Martinez, SHIB could find support at as low as $0.0000094.<\/p>\n<\/li>\n<li data-start=\"148\" data-end=\"286\" data-is-last-node=\"\">\n<p data-start=\"150\" data-end=\"286\" data-is-last-node=\"\">However, a breakout above $0.00001461 could trigger bullish momentum and a 230% price rally.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-1.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-385383\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-1.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-1.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-1-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-1-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-1-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-1-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>SHIB\u2019s Freefall Could Stop Here<\/h2>\n<p><span data-preserver-spaces=\"true\">The meme coin sector has suffered painful losses following the overall <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-dumps-below-80k-as-trade-war-tensions-escalate\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">crypto market crash<\/span><\/a><span data-preserver-spaces=\"true\"> in the past few days. The second-largest asset of that type \u2013 Shiba Inu (SHIB) \u2013 was among the worst affected, with its price plummeting by 16% weekly and 10% daily.<\/span><\/p>\n<figure id=\"attachment_385379\" aria-describedby=\"caption-attachment-385379\" style=\"width: 576px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-5.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-385379\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-5.png\" alt=\"SHIB Price\" width=\"576\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-5.png 838w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-5-300x208.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-5-768x533.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-5-50x35.png 50w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\"><\/a><figcaption id=\"caption-attachment-385379\" class=\"wp-caption-text\">SHIB Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Its market capitalization plunged below $7.7 billion, meaning the asset is now out of crypto\u2019s top 20 <\/span><span data-preserver-spaces=\"true\">club<\/span><span data-preserver-spaces=\"true\">. As expected, the downtrend has negatively affected SHIB\u2019s investors. According to IntoTheBlock\u2019s data, the share of people sitting at paper losses has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/app.intotheblock.com\/coin\/SHIB\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">surged<\/span><\/a><span data-preserver-spaces=\"true\"> past 60%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One person touching<\/span><span data-preserver-spaces=\"true\"> upon SHIB\u2019s recent performance <\/span><span data-preserver-spaces=\"true\">was Ali Martinez<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> The analyst <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1895338892724781105\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">assumed<\/span><\/a><span data-preserver-spaces=\"true\"> that the price of the meme coin could decline to $0.000012 or $0.0000094 before finding support. The second level represents a 30% decline from the current rate.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another industry participant who chipped in on the matter was the X user Rose Premium Signals. They <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/VipRoseTr\/status\/1895174455657406900\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">envisioned<\/span><\/a><span data-preserver-spaces=\"true\"> a bullish momentum if SHIB breaks above $0.00001461. The analyst predicted that reclaiming the target could lead to a price rally to as high as $0.00004401 (a 230% increase from the ongoing valuation).\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">More Pain Ahead?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Two <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> factors signal that SHIB bears might continue to prevail in the short term. The first is the reduced Shibarium activity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At the beginning of the month, Shiba Inu\u2019s layer-2 scaling solution processed multi-million transactions on a daily scale, but in the past few weeks, this figure has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibariumscan.io\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">shrunk<\/span><\/a><span data-preserver-spaces=\"true\"> substantially.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> suggests decreased interest in the network\u2019s applications, such as decentralized finance (DeFi), NFT projects, or gaming platforms. <\/span><span data-preserver-spaces=\"true\">For its part, this<\/span><span data-preserver-spaces=\"true\"> could lower demand for SHIB tokens and reduce the buying pressure.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The next factor is Shiba Inu\u2019s burning mechanism. The burn rate has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">dropped<\/span><\/a><span data-preserver-spaces=\"true\"> by 16% in the last 24 hours, resulting in around 25 million tokens sent to a null address.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The program\u2019s ultimate goal is to reduce the tremendous circulating supply of SHIB, <\/span><span data-preserver-spaces=\"true\">possibly<\/span><span data-preserver-spaces=\"true\"> making the asset more valuable via scarcity.<\/span><span data-preserver-spaces=\"true\"> However, stalled progress could hinder that mission.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-might-plunge-by-another-30-before-finding-support-analyst\/\" rel=\"nofollow\">Shiba Inu (SHIB) Might Plunge by Another 30% Before Finding Support (Analyst)<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR According to Ali Martinez, SHIB could find support at as low as $0.0000094. However, a breakout above $0.00001461 could trigger bullish momentum and a 230% price rally. SHIB\u2019s Freefall Could Stop Here The meme coin sector has suffered painful losses following the overall crypto market crash in the past few days. The second-largest asset [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15566","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15566"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15566\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}