Shiba Inu (SHIB), a prominent meme coin, faces significant downward pressure with its price dropping approximately 60% this year to around $0.000005467. Analyst Ali Martinez warns of a potential crash to as low as $0.00000138, while troubling metrics like a 99% plunge in its daily token burn rate and stalled activity on its Shibarium network add to bearish concerns. However, some signals suggest a possible revival, including SHIB’s lowest exchange reserves since May 2021 and a Relative Strength Index indicating the asset is approaching oversold territory.
The situation for the second-largest meme coin has worsened recently. Shiba Inu (SHIB) trades at approximately $0.000005467, representing a 60% plunge on a yearly scale.
Analyst Ali Martinez warned SHIB might be on the verge of a crash to as low as $0.00000138. The meme coin’s critical burn mechanism has also stalled, with the daily burn rate decreasing by approximately 99%.
The progress of its layer-2 solution, Shibarium, remains a concern after a 2025 exploit. Daily transactions on the network plummeted from millions to thousands following that incident.
Meanwhile, SHIB’s supply on centralized exchanges has fallen below 81 trillion tokens, its lowest point since May 2021. This decline in exchange reserves is often viewed as a reduction in immediate selling pressure.
Shiba Inu’s Relative Strength Index (RSI) briefly plunged below 30, indicating the asset entered oversold territory. The technical indicator currently stands around 36, closer to levels that can precede a price resurgence.
