Shiba Inu Faces 15% Drop if $0.000012 Support Fails
Shiba Inu is consolidating at a critical $0.000012 support level, driven by ongoing whale accumulation and sustained exchange outflows. The Shiba Inu support at $0.000012 is highlighted by on-chain cost-basis heatmaps showing dense supply around this pivot zone. Weekly SHIB technical analysis points to bearish momentum: on-balance volume (OBV) has hit fresh lows and the relative strength index (RSI) remains below 50. Daily charts add pressure with a descending trendline, underlining seller control. A clear break below $0.000012 could trigger a 10–15% decline toward the weekly low near $0.0000106, offering shorting opportunities amid heightened volatility. Traders should monitor this Shiba Inu support closely, apply tight risk management, and wait for bullish reversal signals before entering long positions.
Bearish
The unified analysis highlights sustained net outflows and new lows in OBV, alongside RSI below 50 and a descending trendline. These bearish technical indicators, combined with concentrated on-chain supply at $0.000012, suggest weakening demand. A breach of this key support could trigger a 10–15% drop toward $0.0000106, increasing short-term selling pressure and volatility. While whale accumulation and potential outflows support the zone, the prevailing momentum favors further declines unless a clear bullish reversal emerges. Traders are likely to adopt defensive or short-biased strategies until support is decisively defended.