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Shiba Inu price is testing a key support at the daily SMA 200 after a 13% fall from its Sept. 13 high; traders watch $0.00001298 for a potential bounce and $0.00001279 as the next downside target.
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.
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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.
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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.
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.
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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.
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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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