Shiba Inu (SHIB) price has been showing signs of weakness with critical support levels broken and bearish candle structures on the daily chart.
On the hourly chart, SHIB is struggling to break resistance points and has faced rejection near moving averages, indicating a bearish continuation pattern.
Projected breakdown target suggests SHIB price could fall to $0.00000850 unless a major reversal pattern occurs.
While crashing to zero is unlikely, a collapse to sub-$0.000007 levels is possible due to factors like Bitcoin weakness, lack of utility narrative, whale exits, and macroeconomic pressures.