Massive Shiba Inu Sell-Off Sends Price Toward New Lows

Shiba Inu has hit concerning lows as sellers dumped over 1 billion SHIB tokens in just 24 hours, and this massive wave broke through the $0.000010 support level, pushing prices down toward $0.000009. The sell-off that’s unfolding has triggered extreme market volatility, with the RSI dropping to 34.47—which signals oversold conditions that could mean either capitulation or maybe even a reversal. Right now, the price drop is testing critical support levels, and a death cross formation that’s appeared on the charts warns that more downward pressure could come as investors face mounting uncertainty about where Shiba Inu might actually bottom out.

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Shiba Inu Price Drop Spurs Volatility Amid Sell-Off And Support Warnings

Massive Token Dump Breaks Key Support

The Shiba Inu sell-off reached pretty alarming levels as sellers offloaded approximately 1 billion SHIB tokens on exchanges in just a 24-hour period. This selling pressure actually shattered the critical $0.000010 support level that had been holding, and now prices hover around $0.000009. The price drop happened rapidly—panic selling pushed the token through support in under 24 hours as fear took hold across the market.

Exchange data shows that this selling activity is way higher than normal daily averages, which suggests that holders who accumulated during previous rallies are now rushing to exit their positions. The market volatility around Shiba Inu has completely erased the bullish gains that were built up before.

At the time of writing, Shiba Inu team member Lucie addressed the market turmoil:

Not only crypto – everything is red. We’ve survived so many downfalls that I stopped relying on books or so-called experts. My mindset now is simple: either I win, or I go to zero. No one predicted this outcome.

Death Cross Signals Extended Weakness For Shiba Inu

A death cross has formed on Shiba Inu’s chart, and this is where the 50-day moving average crosses below the 200-day moving average—traders traditionally see this as a bearish signal that often precedes prolonged downtrends. Historical data actually suggests that this formation can push assets down an additional 20-30% in the weeks that follow, which concerns holders right now.

The RSI reading of 34.47 confirms that SHIB sits deep in oversold territory, and this could eventually exhaust the sell-off. However, oversold conditions can persist for quite some time, especially when no obvious catalyst emerges to reverse things. Without fresh buyers entering the market, the support levels around $0.000009 remain pretty vulnerable and sellers could test them further.

Critical Level Determines Shiba Inu’s Next Move

The $0.000009 level has become critical for determining Shiba Inu’s near-term direction. The volatility that’s been plaguing the token has drained liquidity from order books as weak hands continue to exit their positions. The death cross formation along with the low RSI suggests that the downward pressure on Shiba Inu could persist without substantial buying volume reentering the market anytime soon.

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Right now, the combination of technical breakdown and massive selling volume creates significant uncertainty around where Shiba Inu might go next. Investors will need to monitor support levels going forward, as a hold at $0.000009 could stabilize the token, while a break below this level signals that the price drop may continue and could test even the most patient investors’ conviction as sellers keep pressuring support levels.

Liquidity has been drained from the market, and this creates conditions where even modest amounts of selling can move prices quite dramatically. The path of least resistance clearly points downward for Shiba Inu at least in the near term, and without new buyers stepping in to provide support, any recovery attempt will likely face resistance from sellers who are looking to exit at better prices than what they’re seeing now.