Is SHIB on the brink of collapse? Analysts warn of serious consequences after losing a key support level

Question

【CryptoWorld】SHIB is currently at a critical juncture. According to technical analysts, this token must hold the vital support range from $0.000014 to $0.00001; otherwise, the outlook is bleak.

How is the current market? SHIB is quoted at approximately $0.00000855, having fallen 33% to 38% from that key support level. This price used to be a foundation for its upward surge, but now it is dangerously close to collapse.

Some hope that Bitcoin breaking through $100,000 could give altcoins a boost. But the problem is, once this support fails, it is very likely to turn into a strong resistance—making it difficult for SHIB to stage a comeback.

From recent performance, SHIB has dropped 5.27% in the past 24 hours, reflecting the overall weakness of the altcoin market. Most small tokens are struggling, and although SHIB’s situation is not an exception, this critical support level has indeed become a life-and-death watershed.

airdrop_huntress · Accepted Answer

SHIB, this wave is really hanging by a thread. If the support level can't hold, it's the end. Even if BTC rises, it can't save these small coins. It was overdue to cut losses.

HashRateHermit · Answer

You're spreading alarmist rumors again. How many times has this support level been broken, and you're still praising it?

NFT_Therapy_Group · Answer

SHIB is about to drop again. This time, it's really different, right...

Waiting for BTC to break 100,000 is futile; wake up.

A 33% drop is normal fluctuation; don't panic, someone is bottom-fishing.

If the support level fails, it's the end. Don't expect a turnaround; those cutting losses are the brave ones.

The entire altcoin market is being sacrificed, and SHIB is no exception.

Just a month ago, it was all the rage; now it's all about "key support"... tired of hearing it.

If 0.000014 can't hold, it will break downward; what is meant to come will come.

Blockchainiac · Answer

Is it going to break below again? Is this support level really that strong?

SHIB looks really dangerous this time... If Bitcoin can't even save it at 100,000, it's over.

As I always say, altcoins are like this, they follow the main coin's ups and downs, and there's nothing you can do about it.

Once support breaks, the rebound is gone. I've seen this pattern too many times.

Wait, could this be the bottom? Who can say for sure?

SHIB is almost out of hope, right? A 33% drop is right here.

I just want to know, after the breakdown, will anyone still buy the dip?

Another moment testing faith, but honestly, I have no faith left haha.

If this wave doesn't stop falling soon, are we seeing the bottom?

ThesisInvestor · Answer

Here we go again, every time it's "life or death" "key support"... I'm already tired of this rhetoric.

SHIB is just gambling; don't listen to what analysts are spouting. Anyway, whether it breaks or not, someone will make up reasons.

Bitcoin reaching 100,000 won't save the altcoins? Dream on, retail investors will have already dumped their holdings long before that.