Shiba Inu on the Edge: Price Falls to a 23-Month Low – Is the Final Phase of Capitulation Coming?

Shiba Inu (SHIB) is facing its biggest test in nearly two years. The meme cryptocurrency, once a symbol of retail investor enthusiasm, has now plunged to its lowest level since January 2024 and is fighting for survival under the pressure of a bearish market.

SHIB Falls to a Two-Year Low During Tuesday’s trading session, Shiba Inu dropped as low as $0.00000827 before closing the day at $0.00000957. This represents a 57% decline since the start of the year – a stark contrast to Bitcoin, which has repeatedly hit new highs during the same period. For investors who entered SHIB hoping for “the next big bull run,” this is a harsh blow. The price is now hovering near levels last seen 23 months ago, losing support from key technical zones as well as confidence from parts of the community.

Strong Fundamentals, but Market Remains Unresponsive Ironically, the Shiba Inu ecosystem continues to show positive developments:

🔹 The token burn rate has significantly increased according to recent data

🔹 Exchange reserves have sharply declined, usually a sign of accumulation

🔹 Asset manager T. Rowe Price (with $1.7 trillion AUM) has filed for a Shiba Inu ETF Despite these signals, SHIB’s price keeps falling — suggesting that psychological pressure and panic outweigh fundamentals at the moment.

Technical Picture: All Key Supports Broken On technical charts, SHIB has lost all its major moving averages (EMA 200, 50, and 20). The attempt to reclaim the 20-day EMA ($0.0000099) failed, and the market has fallen below all key support lines. Main resistance now lies between $0.0000115–$0.0000122

Closest strong support is found at $0.000006, a zone that repeatedly prevented deeper declines during the 2022–2023 bear market If this level holds again, a short-term rebound of up to 30% could follow — but from a long-term perspective, the market remains under pressure.

Final Capitulation or a New Beginning? Shiba Inu is currently in a phase typical for crypto markets — emotional retail capitulation. Historically, these have often been the moments when the most attractive buying opportunities emerged. If the market stabilizes and the broader altcoin sector recovers, SHIB could once again aim for the $0.0000115–$0.0000122 range. Conversely, a break below $0.000008 could open the way toward the critical $0.000006 support level.

Summary Shiba Inu is under its heaviest pressure since 2022. Yet if on-chain data signals prove valid and the ETF initiative gains real traction, this period could mark the end of the capitulation cycle — and the beginning of a new growth phase.

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