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Shiba Inu tumbled to an intraday backside of $0.000010 on Sunday, marking its weakest level in 16 months. Based on market analyst Tom Tucker, that low might set the stage for a pointy turnaround.
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The meme coin has slipped 14% since June started and is off 37% from its Could excessive of $0.00001764. Large holders are rising cautious too, with whale wallets down about 80% and open curiosity in Shiba Inu futures falling to $123 million—a degree final seen in early April.
Double Backside Sample Gives Hope
Based mostly on reviews from Tucker’s June 22 chart examination, the meme coin seems to be forming a traditional double backside on its day by day value graph. That sample typically indicators {that a} sell-off has run its course.
SHIB first bounced off roughly $0.00001028 on April 7, climbing 70% to achieve $0.00001765 by Could 12. Now that the coin has revisited that help zone at round $0.00001030, merchants shall be watching intently to see if historical past repeats itself.
$SHIB crashed 7.5% to $0.000011 as geopolitical tensions spooked markets.
Down 38% from Could highs, with whale holdings -80% and futures OI at a 1-month low.
TA exhibits deep oversold ranges, however a double-bottom close to $0.00001030 might spark a 62% rebound if help holds.#SHIB pic.twitter.com/uEo3ebjxXD
— Tom Tucker (@WhatzTheTicker) June 22, 2025
Assist Zone Holds Essential Key
Based on Tucker, Shiba Inu wants to remain above $0.000010 to verify the double backside. The token has already climbed 7.7% from Sunday’s trough to commerce round $0.00001081 at present.
If the help holds agency, he predicts a 62% rally that will carry SHIB to about $0.00001752—virtually matching final month’s peak.
Whales Exit As Danger Urge for food Fades
The newest decline in main holder balances means that there might be a shift in market sentiment amongst Shiba Inu greatest fan base. Whale positions have been 80% decrease from its Could excessive, and the decline in open curiosity hints that leveraged speculators usually are not taking as a lot threat. These strikes counsel warning is more likely to persist till the consumers return en masse.
Shiba Inu Group Urges Persistence
In the meantime, the Shiba Inu ecosystem’s advertising lead, Lucie, has requested the group to remain calm. Based mostly on statements from the group, the rally to $0.01 continues to be the long-term aim, however reaching that milestone means to not “panic” and keep resilient.
Panic shouldn’t be an choice. If we haven’t received but, it’s as a result of it’s not over.
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 22, 2025
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Lucie reminded supporters that market swings are a part of the journey and that holding by means of downturns might repay down the road.
Buyers searching for a transparent entry level would possibly discover the current value motion interesting. If SHIB manages to carry above that $0.000010 help, a speedy restoration is within the playing cards. But when the coin goes beneath that line, the subsequent transfer down would possibly take it to even decrease ranges.
Merchants ought to be observing quantity, whale actions, and the bigger crypto market sentiment earlier than making their subsequent transfer.
Featured picture from Imagen, chart from TradingView