according to materials from the site - U. Today
Shiba Inu is currently trading at $0.000007297, which is below both daily and weekly time frames. The dog coin has not only decreased by 2.9% over the last 24 hours but has also dropped by 10.88% weekly and by 68.2% over the course of one year.
The price of Shiba Inu currently has five zeros immediately after the comma; this was not the case a few months ago.
Shiba Inu opened 2025 at $0.00002113 with four zeros in price and maintained this trend for nine months of this year, trading above $0.00001 even amid price corrections in May and June.
Let's move to October when the crypto market saw record liquidations: nearly $20 billion were wiped out in positions using borrowed funds during the sudden crash on October 10. Shiba Inu could not hold the support at $0.00001, dropping to a low of $0.0000085.
Breaking this important support not only caused Shiba Inu to add a zero to its price but also revealed weakness.
Wiping a zero from Shiba Inu's price is a daunting task for the bulls. After Shiba Inu fell to a low of $0.0000085 during the spike on October 10, buyers undoubtedly rushed to buy the dip but could not exceed $0.0000113, where resistance was encountered.
Since then, Shiba Inu reflected the broader weakness in the market: sellers sold off assets at small rallies.
From mid-October to November, Shiba Inu made several retests at the $0.00001 level but was unsuccessful as it faced selling pressure. This suggests resistance at $0.00001, beyond which Shiba Inu may wipe off a zero from its price.
By the end of November, Shiba Inu dropped to the lower end of its current range as selling pressure in the markets did not ease. The decline continued into December: on December 18, Shiba Inu reached $0.000007, the last time this low was seen in October 2023. Despite attempts to bounce back, Shiba Inu could not surpass $0.0000095, failing to wipe a zero from its price.
For Shiba Inu to wipe a zero from its price, it must successfully overcome the $0.0000095 level and then convert the $0.00001 level from resistance to support once again.
