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- $SHIB rebounded from $0.0000069 to $0.0000105 after a sudden dip.
- Key support at $0.0000100 and $0.0000070 could determine SHIB’s next move.
- Breaking resistance between $0.000015–$0.000020 is crucial for a bullish rally.
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Shiba Inu traders faced a tense day as the meme coin plunged to $0.0000069 before rebounding above $0.0000105. The sudden dip left the market in shock, sparking a mix of fear and opportunity among investors. While some see the move as a short-term shakeout, others worry about further declines. Now, all eyes are on key support and resistance levels that could dictate SHIB’s next major move.
Did you catch the $SHIB dip ? pic.twitter.com/hm7M5qJbWr
— $SHIB KNIGHT (@army_shiba) October 11, 2025
Flash Crash Triggers Frenzy Among Traders
The dramatic drop caught the attention of analyst SHIB KNIGHT, who highlighted the sharp decline that rattled the community. Buyers quickly stepped in near the lows, driving SHIB up nearly 8% from the session’s bottom to trade around $0.00001056. Analysts now view $0.0000100 as an early defensive line, while $0.0000070 remains the critical floor.
Whale activity fueled the chaos, with massive sell orders triggering cascading liquidations. Smaller traders, caught in the panic, deepened the drop. Overleveraged positions in derivatives markets only worsened the situation, creating a perfect storm that temporarily crushed SHIB’s price.
Key Levels Could Decide SHIB’s Next Move
For Shiba Inu to maintain momentum, holding above $0.0000100 is crucial. A sustained recovery could attract buyers and push the coin toward the $0.000015 mark. Breaking this resistance is essential to reignite bullish confidence.
However, if support fails, SHIB may revisit the $0.0000070 floor—a historically reliable safety net. Falling below that level could open the door for deeper losses, keeping short-term traders on edge while long-term holders weigh patience against risk.
Also Read: Shiba Inu Builds Momentum for Breakout as Bullish Traders Defend $0.000012 Support
Recovery Feels Like Calm After the Storm
The recent rebound feels like a brief pause before SHIB’s next big move. Each tick higher sparks cautious optimism, while pullbacks fuel anxiety. The ongoing battle between buyers and sellers is shaping the token’s near-term path, and the market remains highly volatile. Confidence hinges on whether key support levels hold or slip under pressure.
Shiba Inu’s story is far from over. For traders and holders alike, the coming days could bring surprises, either reigniting the meme coin’s rally or testing its resilience once more.
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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.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
