Key Insights:
Shiba Inu lost the $0.00001 support during October’s crypto crash, adding a fifth zero to its price.
The token has faced resistance at $0.0000113 since the drop, halting all recovery attempts.
To erase a zero, Shiba Inu must breach $0.0000095 and reclaim $0.00001 as support.
Shiba Inu is trading at $0.000007297, reflecting continued pressure in the crypto market. The memecoin has declined by 2.9 percent in the past 24 hours and remains down 10.88 percent over the week. Year-to-date, Shiba Inu has dropped 68.2 percent, reversing earlier 2025 gains. The price currently holds five zeros after the decimal, a setback after sustaining four zeros through most of the year.
Shiba Inu began 2025 with a strong performance, opening at $0.00002113. The asset maintained a price above $0.00001 for nine consecutive months, even during corrections in May and June. However, conditions changed sharply in October following a market-wide flash crash that erased nearly $20 billion from leveraged crypto positions. Shiba Inu breached the critical $0.00001 support level during this event, falling to a low of $0.0000085.
Resistance at $0.0000113 Blocks Bulls' Recovery Efforts
After the October drop, buyers attempted to recover losses by buying the dip. Despite efforts, they could not push the price beyond $0.0000113. This level emerged as a strong resistance point, with Shiba Inu unable to sustain upward momentum. Since mid-October, the asset has attempted several recoveries but has faced persistent selling pressure at and near the $0.00001 mark.
Source: TradingView
Shiba Inu revisited the lower end of its range in late November, with bearish sentiment intensifying in December. On December 18, the token dropped to $0.000007, marking its lowest point since October 2023. Although there were attempts at a rebound, prices could not move beyond $0.0000095. This continued struggle highlights the challenge of regaining lost support.
Critical Levels Must Be Reclaimed to Reverse Losses
To eliminate the additional zero from its price and regain lost ground, Shiba Inu must first break through the $0.0000095 level. Following this, it must convert $0.00001 from resistance back into support. Sustained bullish momentum above this zone is necessary for Shiba Inu to reverse recent losses and return to earlier 2025 price levels.
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