Shiba Inu (SHIB) Price Battles at $0.000011 — Can It Still Hit $0.001 by 2025?

Sean Williams
Shiba Inu (SHIB)

Key Takeaways:

  • SHIB is showing a falling wedge pattern, often a bullish sign.
  • Whale activity has turned bearish, tempering short-term enthusiasm.
  • A $0.001 target remains unlikely without accelerated burns and renewed hype.

Shiba Inu (SHIB), the meme coin that shocked the crypto world in 2021, is once again the subject of intense speculation. After a sharp drop from its June peak, SHIB is hovering near $0.000011, with technical indicators and whale activity painting a mixed picture. Traders are left wondering: Is a breakout coming—or has the hype run dry?

Chart Patterns Signal Potential Upside

SHIB’s recent 19% drop has formed a falling wedge on the charts—a pattern often linked to bullish reversals. A sustained breakout above $0.000012 could push the price toward resistance at $0.000015 or even $0.000017.

Supporting this optimism, data from IntoTheBlock shows strong demand, with 9.4 billion SHIB tokens sitting in buy orders compared to just 6.2 billion in sell orders. Technical indicators such as the MACD and RSI are also hinting at a trend shift, though the signals remain cautious. The RSI, while recovering from oversold levels, still lingers below 40, and MACD bars are yet to turn green.

Whale Wallets Are Sending Mixed Signals

While retail buyers continue to show interest, large SHIB holders—so-called whales—have been trimming their positions. Blockchain data from Santiment reveals notable sell-offs from high-value wallets over the past week, a move that often dampens short-term sentiment.

These whale moves suggest a cautious outlook, even as the broader community watches for bullish triggers. Whale exits often precede volatility and signal that smart money may be reallocating elsewhere.

Can SHIB Realistically Reach $0.001?

A price of $0.001 would require an 88x jump from current levels—a moonshot by any standard. In 2021, SHIB achieved similar gains, but that rally was powered by explosive hype, significant token burns, and a surge in new holders.

Today, the path is steeper. Despite recent burns—12 million SHIB in 24 hours, according to Shibburn—the total circulating supply still exceeds 584 trillion. Without a dramatic acceleration in burn rates or a major new catalyst, analysts remain skeptical.

Also Read: Shiba Inu Forms Double Bottom After Sharp Drop

While some traders, like Dona, forecast a potential 10x to 50x rally if market conditions align, few see $0.001 as realistic under current supply metrics.

Shiba Inu is at a technical crossroads. Chart patterns hint at a rebound, and buy-side pressure is growing. But whale sell-offs, sluggish RSI, and an overwhelming token supply pose real hurdles.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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