Guy Fawkes 
Shiba Inu is holding onto a narrow support area that now separates a normal correction from the risk of a deeper slide.
Shiba Inu (SHIB), one of the market’s biggest meme tokens, is trading just above a level analysts have warned about for weeks.
The coin slipped through most of its early-January gains and is now sitting near what traders call a “danger zone,” with fresh data showing weaker leverage and slower speculative activity on both centralized and on-chain derivatives markets.
According to CoinGecko, SHIB was trading around $0.0000077 at press time. It gained about +4% in the past 24 hours but remains down roughly -15% for the week.
A late-November review by NFTPlazas pointed to a key support band between $0.00000614 and $0.00000725. The report called this the previous cycle bottom and said SHIB needs to hold this region to keep its broader structure intact.
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That level is now under pressure. SHIB rallied more than +25% in early January, rising from about $0.00000691 to $0.00001009, but it has since surrendered most of that move.
On Tuesday the latest pullback has pushed SHIB into the 0.786 Fibonacci retracement zone on the four-hour chart.
Price briefly dipped toward $0.00000745 during Asian hours, marking one of the day’s weakest levels.
CoinGlass data shows SHIB futures open interest near $81.9M.
Futures volume over the past 24 hours stands around $178M, while spot trading volume is roughly $29M across major exchanges.
About $154,000 in SHIB futures were liquidated in the same period. That points to a mild shakeout rather than a heavy flush.
And while SHIB’s own derivatives activity has cooled, on-chain perpetuals and DEX trading remain active across the broader market.
DeFiLlama’s latest market data shows perpetual DEXs processing about $32.13Bn in volume over the past 24 hours.
Aggregate perp open interest sits near $19.54Bn across tracked protocols. Spot activity is also firm.
DEXs handled roughly $14.17Bn in daily spot volume, while 30-day volume stands around $293.43Bn.
Weekly spot volumes are up about +22%, pointing to steady on-chain activity even as sentiment cools.
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Can Shiba Inu Break Key EMA Resistance or Is More Downside Ahead?
Shiba Inu, meanwhile, continues to trade under pressure on the four-hour chart. The token is still moving within a broader downtrend that began in late 2025.
SHIB last traded near $0.00000773, down about 0.9% on the session, after another short-lived rebound faded.
Price action remains weak. SHIB has been forming lower highs and lower lows for months, which is a standard bearish pattern.
Each attempt to recover has stalled beneath declining moving averages.
The most recent bounce lost steam after touching the 50-period and 100-period exponential moving averages, which are now acting as resistance around the $0.0000082 to $0.0000083 range.
Momentum signals show the market is still weak. The RSI (14) has dropped toward the lower end of its band, sitting around 27–31.
That range points to soft buying interest and steady downward pressure. It’s close to oversold levels, but it hasn’t sparked any real reversal yet.
Trading volume is also quiet. It’s lower than what we saw in earlier selloffs, which suggests controlled selling rather than fear-driven exits.
The chart still reflects a long descending channel, and price continues to trade near the lower edge of that structure.
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Key Takeaways
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According to CoinGecko, SHIB was trading around $0.0000077 at press time. It gained about +4% in the past 24 hours but remains down roughly -15% for the week.
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Shiba Inu, meanwhile, continues to trade under pressure on the four-hour chart. The token is still moving within a broader downtrend that began in late 2025.
The post Danger Zone: Shiba Inu Must Hold This Key Level or Risk a Double-Digit Crash appeared first on 99Bitcoins.
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