Shiba Inu Price Crash & Recovery Outlook: Key SHIB Trends 20250623
2025-06-23 08:59:29Shiba Inu Plunges to 16-Month Low Amid Geopolitical Turmoil—Can the Meme Coin Recover?
The crypto market is no stranger to volatility, but Shiba Inu (SHIB) is facing one of its toughest tests yet. Over the weekend, the meme-inspired cryptocurrency plummeted to $0.00001010, its lowest level since February 2024, as escalating tensions in the Middle East triggered a broad market sell-off. The token has since inched up to $0.00001071, but remains down 26% over the past month, leaving investors questioning whether SHIB can stage a comeback.
Geopolitical Shockwaves Crush Crypto Markets
The immediate catalyst for SHIB’s decline was a sudden escalation in the Iran-Israel conflict. On June 22, former U.S. President Donald Trump announced on Truth Social that American forces had destroyed three Iranian nuclear facilities—a move that followed Supreme Leader Ali Khamenei’s threats of retaliation against the U.S.. The news sent shockwaves through risk assets, with Bitcoin briefly dipping below $100,000 and altcoins like SHIB bearing the brunt of the sell-off.
Shiba Inu’s price action mirrors broader meme coin weakness. Dogecoin (DOGE) and Pepe (PEPE) also saw double-digit losses, as traders fled speculative assets amid heightened uncertainty.
A Double Bottom Pattern Emerges—Is a Reversal Coming?
Despite the bleak sentiment, some analysts spot a glimmer of hope. A double bottom pattern—a classic bullish reversal signal—has formed on SHIB’s weekly chart, with the token bouncing twice from the $0.0000106 support level. If history repeats, SHIB could rally toward $0.000017, a 64% surge from current levels.
Market data reveals another intriguing clue: SHIB’s funding rate has turned deeply negative, indicating extreme short positioning. Historically, such crowded trades often precede sharp reversals when shorts are forced to cover their positions.
Shiba Inu Team Urges Calm, Eyes Long-Term Growth
Amid the chaos, Shiba Inu’s marketing lead, Lucie, took to social media to reassure the community. "Panic is not an option. If we haven’t won yet, it’s because it’s not over," she tweeted. Lucie has long advocated for a long-term perspective, previously predicting SHIB could eventually reach $0.01—a 93,270% gain from today’s price—though she cautioned that such targets would take years, not months.
The team’s confidence stems from ongoing ecosystem developments, including Shibarium, a Layer-2 scaling solution designed to reduce transaction costs and boost utility for SHIB. However, adoption has been slow, and token burns—a mechanism to reduce supply—remain insufficient to counter selling pressure, with just 19 million SHIB burned in a recent 24-hour period.
Price Predictions: A Divergence of Views
Analysts are split on SHIB’s near-term trajectory:
Bearish Scenario: If the $0.000010 support breaks, SHIB could crash another 50%, invalidating the double bottom pattern.
Bullish Outlook: CoinCodex forecasts a 27% rebound to $0.00001357 by July 2025, citing oversold conditions. Longer-term, some predict a surge to $0.0000669 by year-end if macroeconomic conditions stabilize.
The Road Ahead: Utility vs. Meme Hype
Shiba Inu’s future hinges on its ability to transcend meme coin status. While its community remains fiercely loyal, the token must demonstrate real-world use cases to sustain growth. Recent initiatives, like NFT projects and charity campaigns, are steps in the right direction, but competition from newer meme coins (e.g., Little Pepe) threatens to divert attention.
For now, SHIB’s fate is tied to broader market sentiment. A resolution in the Middle East or a Bitcoin rally above $100,000 could reignite interest in altcoins. Until then, volatility is likely to persist.
What’s your take? Can Shiba Inu defy the odds and reclaim its 2021 glory, or will it fade into crypto history? Share your thoughts on our X.
Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.
Sources:
The Crypto Basic – "Shiba Inu Team Says It’s Not Over Until SHIB Wins, Calls for Calm as SHIB Dips"
CoinMarketCap – "Shiba Inu price today, SHIB to USD live price, marketcap"
CoinCodex – "Shiba Inu (SHIB) Price Prediction 2025, 2026-2030"
CoinGape – "Can Shiba Inu Price Recover to $0.000017 as Bullish Reversal Pattern Takes Shape?"
Coinpedia – "Shiba Inu (SHIB) Could Repeat Its 10000% Rally by 2030"
Crypto.news – "Shiba Inu Price Crashes as It Slowly Forms a Bullish Pattern"
TronWeekly – "Shiba Inu (SHIB) Drops to $0.0000103 Amid Crypto Sell-Off and Geopolitical Risks"