Shiba Inu May Test Key SMA 200 Support After 13% Two-Day Drop

  • SHIB fell 13% from its Sept. 13 high, testing daily SMA 200 at $0.00001298.

  • Market-wide liquidations and profit-taking drove meme-coin weakness; $425M liquidated in 24 hours (CoinGlass).

  • Short-term recovery hinges on holding $0.00001298; failure risks a drop to $0.00001279 and then $0.00001181.

Shiba Inu price testing SMA 200 support after a 13% drop; read the data-driven breakdown, key levels, and trader actions — stay informed now.




How is the Shiba Inu price testing support?

Shiba Inu price is testing the daily SMA 200 at $0.00001298 after a rapid 13% decline from the Sept. 13 high of $0.00001484. The SMA 200 level is the immediate technical pivot; holding it would open a path back above $0.000013 and toward recent highs.

Why did SHIB fall sharply over 48 hours?

Broad market weakness and profit-taking triggered the move, with $425 million in liquidations across crypto assets over 24 hours, according to CoinGlass. Meme coins underperformed: Dogecoin, PEPE and Bonk recorded double-digit swings that amplified selling pressure.

Article image

SHIB/USD Daily Chart, Courtesy: TradingView

What are the key short-term levels for SHIB?

Front-loaded key levels: immediate support at the daily SMA 200 ($0.00001298), secondary support at $0.00001279 (SMA 50), then $0.00001181. Resistance resides at $0.000013, $0.000014 and $0.00001484.

Recent 24-hour meme-coin performance
Token 24h Move Context
Shiba Inu (SHIB) -4.82% (intraday low $0.00001297) Testing SMA 200 after 13% fall from Sept. 13 high
Dogecoin (DOGE) -7.91% Broader meme-coin sell-off
PEPE / Bonk ~-7% Meme-coin volatility

How should traders interpret on-chain and market signals?

Traders should watch liquidations, volume, and on-chain flows. Increased selling and higher liquidation totals (CoinGlass) suggest short-term downside risk. If volume wanes and support holds at SMA 200, look for consolidation and a potential retest of $0.000013.


Frequently Asked Questions

How much did Shiba Inu fall from its Sept. 13 high?

Shiba Inu declined about 13% from its Sept. 13 high of $0.00001484 to an intraday low near $0.00001297 within two days, testing the daily SMA 200 level at $0.00001298.

What are traders watching next for SHIB?

Traders watch whether SHIB holds $0.00001298 (daily SMA 200) and volume trends. A sustained hold could lead to a move above $0.000013; a failure risks $0.00001279 and $0.00001181.

Key Takeaways

  • Immediate technical pivot: SHIB is testing the daily SMA 200 at $0.00001298 — this level is decisive in the short term.
  • Market context: Broad liquidations and meme-coin weakness increased selling pressure (CoinGlass, CoinMarketCap, TradingView cited as plain-text sources).
  • Trader action: Monitor volume, liquidation data, and price action; set stops near $0.00001279 and reassess if $0.00001181 is approached.

Conclusion

Shiba Inu price faces a clear technical test at the daily SMA 200 after a sharp two-day decline. Short-term direction depends on whether $0.00001298 holds; traders should combine volume and liquidation metrics with strict risk controls. COINOTAG will continue to monitor price developments and report updates as conditions evolve.

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