Shiba Inu Crashes 16% as Selling Intensifies: Can SHIB Bulls Stage a Recovery?
- SHIB plunged 16% as aggressive spot and derivatives selling intensified across crypto markets.
- Technical indicators remain cautiously bullish despite weakening momentum and declining trading volume.
- SHIB bulls must defend $0.000005 and reclaim $0.0000060 to strengthen recovery prospects.
Shiba Inu has faced a sharp reversal after a strong price rally. SHIB climbed toward $0.0000062 before sellers quickly seized control. The memecoin then printed two consecutive daily red candles. Selling pressure pushed the price down 16.13% toward $0.0000052. A modest rebound followed, lifting SHIB toward $0.0000053. However, the recovery remains fragile as traders reduce exposure. Falling volume also suggests market activity has cooled after the latest wave of selling pressure.
Why Is Shiba Inu Falling?
Shiba Inu faced stronger selling as the broader crypto market pulled back. Renewed tariff tensions also pressured investor sentiment across financial markets. Many crypto traders responded by reducing risk across speculative assets. SHIB suffered as sellers gained stronger control across major trading venues. Spot market data shows clear evidence of aggressive selling. Shiba Inu recorded 3.8 trillion tokens in sell volume. Meanwhile, buy volume reached roughly 3.4 trillion tokens.
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