🔥 $SHIB Down 83% from ATH – More Pain Ahead?
Shiba Inu trades at $0.00001471, with a 4% gain in 24 hours, but risks further downside. 58% of holders are at a loss, raising concerns about SHIB’s future.

📉 1. Critical Support Broken & Double-Top Formed
SHIB has fallen below $0.0000148, signaling weak market confidence. A double-top pattern suggests a deeper drop to $0.00000630 if the downtrend accelerates.

⚠️ 2. Death Cross Confirms Bearish Momentum
A death cross has formed as the 50-day SMA fell below the 200-day SMA, a classic bearish indicator. Falling on-balance volume (OBV) suggests buyers are losing interest.

💰 3. SHIB Open Interest Drops 70%
Coinglass data shows OI plunging from $541M to $156M in six weeks, meaning traders are closing positions—a sign of weak confidence in recovery.

😨 4. Market Sentiment Hits Extreme Fear
The crypto Fear & Greed Index is at 10, its lowest since 2022. Investors abandon speculative assets like SHIB in favor of BTC and ETH during bearish phases.

🚀 5. New Meme Coins Stealing Liquidity
Solana’s PumpFun launchpad is attracting traders away from older meme coins. With liquidity shifting, SHIB could face prolonged downside pressure.

📌 Conclusion
SHIB faces technical and fundamental challenges. As sentiment weakens, traders may consider selling to cut losses before a deeper decline.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.