Shiba Inu Plunges Below $0.00000667: Toward Critical Support Levels

The price of Shiba Inu continues to plummet, now falling below the $0.00000667 level. In the latest update, the quote nearly reached $0.0000056056, confirming sustained selling pressure. This decline pushes SHIB below key zones that could have acted as support, opening the door to much deeper support levels.

The downward trend remains dominant on weekly charts. The structure shows a series of decreasing highs and lower lows, a classic pattern of a market controlled by selling. SHIB is currently trading below major moving averages, indicating persistent bearish pressure. However, the current position places SHIB in a critical zone where scenarios diverge: either a technical rebound or an acceleration downward toward the next levels.

Major support points identified: an immediate danger

Analysts, including Ali Charts through recent publications, have marked support levels well below the current price. The next key pivot is at $0.00000304, with a deeper target around $0.00000138. The significant distance between the current price and these supports suggests that the bearish trend still has room to extend.

Meanwhile, resistance zones at $0.000014733 and $0.00003245 form potential barriers to any rebound attempt. Historically, these levels have marked important breakpoints, and sellers may concentrate their offers there during any recovery.

Technical indicators: mixed signals below extremes

The RSI is currently in a historically low range, indicating an oversold condition. While oversold situations often precede rebounds, they do not guarantee a reversal. In this context, the market also shows consolidation with low-amplitude candles near the lows.

This volatility compression, combined with previous failed rebound attempts, suggests that buyers remain cautious. Conditions point more toward early, fragile accumulation rather than a confirmed structural reversal.

Expected scenarios: technical rebound versus continued decline

In the short term, a technical rebound scenario remains likely if conditions change. A 15-20% recovery from current levels could occur if sentiment improves or short positions are covered. However, this rebound would remain limited as long as moving averages stay bearish and resistance levels are not sustainably reclaimed.

If this rebound fails, the path downward is clearly marked. The support at $0.00000304 is the first target, followed by the deeper level at $0.00000138. Such an outcome would confirm that the SHIB market is undergoing a prolonged reset phase, where weakness persists despite oversold signals.

In summary, although oversold indicators suggest a possible technical rebound, the structure remains bearish. Traders typically wait for confirmation beyond key resistances before declaring a structural change. Until then, SHIB remains below its key levels, with critical supports still far below.