Shiba Inu Price Falls 3%, Bears Eye $0.00001164 as RSI Weakens

Shiba Inu price fell 3.46% to $0.00001225 due to lower burn rates, weaker Shibarium activity, and long liquidation spikes. The RSI weakened, suggesting further downside before hitting the oversold territory. Key support lies at $0.00001164, with a close below potentially pushing the price toward $0.000010. Large outflows from exchanges and a new ETP launch indicate continued investor interest.

The cryptocurrency market has seen significant fluctuations in recent weeks, with Shiba Inu (SHIB) being one of the most impacted assets. On July 2, 2025, Shiba Inu's price fell 3.46% to $0.00001225, marking a notable decline from its previous levels. Several factors contributed to this drop, including lower burn rates, weaker Shibarium activity, and long liquidation spikes [1].

The Relative Strength Index (RSI) weakened, indicating a potential for further downside movement before hitting the oversold territory. Key support levels for Shiba Inu are currently at $0.00001164, and a close below this level could push the price toward $0.000010. These support levels are crucial for understanding the potential price action in the near term.

Large outflows from exchanges have been observed, suggesting a continued interest from investors despite the recent price decline. Additionally, the launch of new ETPs by Valour, including Shiba Inu, has further fueled investor interest [2]. The introduction of these ETPs provides regulated, exchange-traded access to digital assets, making them more accessible to retail and institutional investors.

While Shiba Inu's price has experienced a downturn, the broader cryptocurrency market remains active. Trading volumes have been on the rise, indicating high short-term activity. Analysts predict that these cryptocurrency assets will see rapid development in the upcoming bull market, with attention shifting to projects like Remittix, which combines real-world use cases with DeFi innovation [1].

In conclusion, Shiba Inu's price drop is a result of several market factors, including lower burn rates and weaker Shibarium activity. Despite the recent decline, the asset continues to attract investor interest, with new ETP listings and high trading volumes. Investors should monitor key support levels and the broader market trends to make informed decisions.

References:
[1] https://cryptodaily.co.uk/2025/08/shiba-inu-news-cardano-price-set-to-rally-as-remittix-raises-over-215-million-in-ground-breaking-presale
[2] https://www.prnewswire.com/news-releases/valour-launches-eight-new-etps-on-spotlight-stock-market-including-shiba-inu-shib-pi-pi-ondo-ondo-cronos-cro-mantle-mnt-vechain-vet-ethena-ena-and-celestia-tia-302539867.html