SHIB (Shiba Inu) Teetering on Edge as Trading Volume Crashes Near Make-or-Break $0.00001110 Level

robot
Abstract generation in progress

Shiba Inu (SHIB) is walking a tightrope right now, stuck just above the crucial $0.00001110 USDT support while trading activity has practically vanished. This deadly combo of shrinking volatility and disappearing volume is setting up what could be a brutal price drop.

SHIB's Trading Activity Has Gone Dead Silent

Shiba Inu is drifting into dangerously quiet waters as volatility and volume both drop to almost nothing. Every time SHIB tries to rally, it just can't get buyers excited enough to push it higher. The price has been stuck on the hourly chart in this tiny range just above $0.00001110 USDT.

Here's the thing - when liquidity dries up and nobody's trading, it doesn't take much selling pressure to tank the price. We're looking at a situation where SHIB could suddenly nose-dive and add another zero to its price tag. That would be a massive psychological blow that would probably make regular retail holders throw in the towel completely.

SHIB's Charts Are Screaming Warning Signs

Looking at the technical picture, SHIB is currently trading close to $0.00001120. Over the last few sessions, it has bounced off this zone multiple times, but each bounce has been getting weaker and weaker.

What makes things worse is how the moving averages are set up. The 50 EMA, 100 EMA and 200 EMA are all sitting above the current price like a thick ceiling that SHIB just can't crack. The RSI has dropped to 34, approaching oversold territory. Normally, when an asset gets oversold, bargain hunters come rushing in. But that's not happening here - buyers just aren't showing up with any real conviction.

SHIB (Shiba Inu) Could Explode in Either Direction

Investors need to understand that this long stretch of barely-there volume is like a pressure cooker waiting to blow. The make-or-break level everyone's watching is that $0.00001110 USDT support. If SHIB crashes through this floor, we could be looking at the nightmare scenario of adding another zero to the price.

On the flip side, if volume suddenly returns and SHIB punches through those resistance levels, we could see a complete trend reversal. Right now, anyone trading SHIB needs to be extremely careful - this low-volume environment makes massive price swings possible out of nowhere.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)