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Shiba Inu Price Prediction: SHIB Just Crashed to a 3-Year Low – Is SHIB Going to $0?

Shiba Inu Price Prediction: SHIB Just Crashed to a 3-Year Low – Is SHIB Going to $0?


cryptonews
2026-02-02 22:29:00

SHIB has reached previous market cycle lows, a moment that stands to determine whether Shiba Inu price predictions continue their pattern of diminishing returns or break it entirely. Since launch, each bull run has produced progressively weaker upside for the meme coin , and this cycle now appears to be questioning whether meaningful cycle-by-cycle upside remains at all. A 15% weekly drawdown has pushed SHIB back into its most important historical proving ground: a life-long demand zone around $0.0000066. SHIB USD 1-week chart, life-long demand zone. Source: TradingView . This level has consistently marked pivots into bullish phases across previous market cycles, but declining speculative demand casts doubt on whether it still carries that same weight. As last week’s downside accelerated into the weekend, the new week has opened to $2.45 billion in liquidation. Long positions absorbed the bulk of the damage, accounting for $2.27 billion, while shorts saw just $180 million wiped out. And market participants have shown little urgency to re-enter. Open interest has cratered by 15% to roughly $75 million, signalling broad de-risking rather than repositioning. Shiba Inu Open Interest ($). Source: Coinglass . Speaking on the crash, Shibarium core team member Lucie chalked it up to the typical cycle of “over-leverage, panic, forced selling, repeat,” shifting attention to the long-term outlook . Shiba Inu Price Prediction: Is SHIB Going to $0? Lucie could be right about SHIB, yet to show any notable breakdown of structure as it continues to respect the year-long consolidation of a falling wedge pattern. The pattern is now nearing its apex, making the latest retest of the life-long launchpad demand zone a potential final low before breakout momentum is realised. Momentum indicators suggest sellers may be losing control. The RSI has staged a sharp rebound from the 30 oversold threshold, signalling seller exhaustion and early buyer re-engagement. The MACD is also back in an uptrend towards a potential golden cross above the signal line, often an early indicator that a mid-term uptrend is beginning to take shape on the daily chart. The key threshold for a confirmed wedge breakout sits along a past demand zone at $0.00001.With a higher and firmer footing, the full 380% breakout move to $0.000033 could be realised. And in a full-blown altseason with a more supportive macro backdrop, the step could credibly see gains extend 575% to all-time highs around $0.000042 . Bitcoin Hyper: Bitcoin Can’t Be Ruled Out Just Yet Risk-averse investors may gravitate toward projects built on genuine utility, and one stands out by addressing Bitcoin’s most persistent challenge: its inability to scale. Bitcoin Hyper ($HYPER) is bridging Bitcoin’s security with Solana tech, creating a new Layer-2 network that unlocks scalable, efficient use cases Bitcoin can’t support on its own. It opens the door for Bitcoin to play a larger role in top-performing narratives like DeFi and real-world assets – where speed and efficiency matter most. The project has already raised almost $31 million in presale , and post-launch, even a small fraction of Bitcoin’s massive trading volume could send its valuation significantly higher. Bitcoin Hyper eliminates the sluggish throughput, expensive transaction costs, and constrained programmability that have historically limited Bitcoin’s use cases, ready for the bull market. Visit the Official Bitcoin Hyper Website Here The post Shiba Inu Price Prediction: SHIB Just Crashed to a 3-Year Low – Is SHIB Going to $0? appeared first on Cryptonews .


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