Shiba Inu (SHIB) Drops 1.35% Amid Prolonged Bearish Trend

Shiba Inu (SHIB) has been under significant bearish pressure throughout June, causing concern among investors about its long-term viability. As of June 26, 2025, the price of SHIB is trading at $0.00001150, reflecting a marginal daily loss of 1.35%. The recent price action indicates a prolonged downtrend that began after SHIB failed to reclaim the $0.00001400 zone in mid-May. The price has since been dominated by sellers, as evidenced by the predominantly red Heikin Ashi candles on the daily chart.

The immediate resistance level for SHIB is at $0.00001250, with the pivot point at $0.00001196. The first support level is at $0.00001064, and the second support level is at $0.00000986. Currently, SHIB is trading below the pivot point, just above the first support level, indicating a weak technical position. A daily close below $0.00001064 could lead to a further decline, testing the second support level near $0.00000986, which is a critical psychological level.

The Relative Strength Index (RSI) for SHIB is at 40.11, which is below the neutral 50 level but not yet in oversold territory (below 30). This suggests that the market is bearish but not exhausted, implying that further selling pressure is still possible. However, the RSI is showing early signs of bullish divergence, having slightly rebounded from its recent low of around 33.56. If the RSI continues to climb while the price remains stable, it could indicate a short-term reversal.

According to the analyst's forecast, if SHIB were to drop to $0, it would imply a 100% loss in market cap, currently over $6 billion. This scenario is practically impossible unless all holders dump their tokens simultaneously, all SHIB liquidity is pulled from exchanges, or the project is completely abandoned or declared a scam. There is no indication of such a breakdown on-chain or in price behavior. While SHIB is in a prolonged bearish cycle, it still commands high trading volumes and community engagement, which often buffer meme coins from zero-value collapse.

In the coming days, a bullish setup for SHIB would involve a break above $0.00001200, followed by a daily close above the pivot point, which may invite buyers back. The RSI pushing above 50 would validate momentum reversal. Conversely, a bearish setup would involve a drop below $0.00001064, which could lead to a swift fall to $0.00000980. If this support is broken, the next downside zone is $0.00000800, where major volume clusters sit.

Looking ahead to July 2025, if bulls manage to reclaim the pivot zone at $0.00001200, there could be a 10–15% upside move toward $0.00001380 in early July. However, failure to defend the support at $0.00001064 may trigger a retest of $0.00000900, which is a 20% downside risk from current levels. While the road to zero looks sensational, the charts suggest that SHIB is more likely to bounce or consolidate than vanish. However, if macro sentiment worsens or whales offload positions, prices below $0.00000900 are on the table.