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Shiba Inu tumbled to an intraday backside of $0.000010 on Sunday, marking its weakest level in 16 months. Based on market analyst Tom Tucker, that low might set the stage for a pointy turnaround.
Associated Studying
The meme coin has slipped 14% since June started and is off 37% from its Could excessive of $0.00001764. Large holders are rising cautious too, with whale wallets down about 80% and open curiosity in Shiba Inu futures falling to $123 million—a stage final seen in early April.
Double Backside Sample Affords Hope
Primarily based on reviews from Tucker’s June 22 chart examination, the meme coin seems to be forming a traditional double backside on its every day worth graph. That sample typically alerts {that a} sell-off has run its course.
SHIB first bounced off roughly $0.00001028 on April 7, climbing 70% to achieve $0.00001765 by Could 12. Now that the coin has revisited that assist zone at round $0.00001030, merchants will probably be watching carefully to see if historical past repeats itself.
$SHIB crashed 7.5% to $0.000011 as geopolitical tensions spooked markets.
Down 38% from Could highs, with whale holdings -80% and futures OI at a 1-month low.
TA reveals deep oversold ranges, however a double-bottom close to $0.00001030 might spark a 62% rebound if assist holds.#SHIB pic.twitter.com/uEo3ebjxXD
— Tom Tucker (@WhatzTheTicker) June 22, 2025
Help Zone Holds Essential Key
Based on Tucker, Shiba Inu wants to remain above $0.000010 to substantiate the double backside. The token has already climbed 7.7% from Sunday’s trough to commerce round $0.00001081 right now.
If the assist holds agency, he predicts a 62% rally that might carry SHIB to about $0.00001752—virtually matching final month’s peak.
Whales Exit As Danger Urge for food Fades
The newest decline in main holder balances means that there may very well be a shift in market sentiment amongst Shiba Inu largest fan base. Whale positions have been 80% decrease from its Could excessive, and the decline in open curiosity hints that leveraged speculators aren’t taking as a lot threat. These strikes recommend warning is prone to persist till the consumers return en masse.
Shiba Inu Crew Urges Endurance
In the meantime, the Shiba Inu ecosystem’s advertising and marketing lead, Lucie, has requested the neighborhood to remain calm. Primarily based on statements from the crew, the rally to $0.01 remains to be the long-term objective, however reaching that milestone means to not “panic” and keep resilient.
Panic is just not an possibility. If we haven’t received but, it’s as a result of it’s not over.
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 22, 2025
Associated Studying
Lucie reminded supporters that market swings are a part of the journey and that holding by means of downturns might repay down the road.
Traders looking for a transparent entry level would possibly discover the current worth motion interesting. If SHIB manages to carry above that $0.000010 assist, a fast restoration is within the playing cards. But when the coin goes under that line, the following transfer down would possibly take it to even decrease ranges.
Merchants ought to be observing quantity, whale actions, and the bigger crypto market sentiment earlier than making their subsequent transfer.
Featured picture from Imagen, chart from TradingView
