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Shiba Inu (SHIB) Price Analysis

by Crypto.com Coins AI. Last updated on 12 October 2026 at 05:46 UTC

Why Is Shiba Inu (SHIB) down Today?12/10/2026

Key Takeaway
  • SHIB declined by approximately 9% in the last 24 hours, underperforming the broader crypto market, which is experiencing a risk-off phase as Bitcoin approaches the $60,000 level.
  • Recent news of heavy trading volume and liquidations breaking through key support levels has intensified selling pressure on SHIB, extending its multi-month bearish trend.
  • Despite ongoing token burns, whale movements to exchanges and lack of sustained accumulation have contributed to further price instability, with SHIB nearing critical support around $0.00000924.
  • Short-term rebounds have been observed after sharp declines, but SHIB remains vulnerable to further downside unless it confirms stabilization above key support levels.

Shiba Inu (SHIB) Latest Price Action Analysis

Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000

In the latest trading session, both Dogecoin (DOGE) and Shiba Inu (SHIB) suffered significant losses, diving 9% as Bitcoin approached the $60,000 mark. This sharp decline was fueled by heightened trading volumes and widespread liquidations, which pushed prices below key support levels. The move reflects a broader risk-off sentiment dominating the crypto markets, where investors are reducing exposure to higher-risk altcoins in favor of more established assets like Bitcoin during periods of uncertainty.


Key Points:

  • Increased liquidations intensified selling pressure on memecoins.
  • A risk-off market mood led to capital rotation away from speculative assets.
  • Breaking support levels triggered technical sell signals and stop-loss orders.
  • The price action underscores vulnerability in memecoins during broader market corrections.


A $575 bet on a Shiba-themed token became $1.17 million in 5 days

An astonishing memecoin rally saw an anonymous trader turn a $575 investment in ASTEROID (a Shiba-themed token) into $1.17 million in just five days. This remarkable gain highlights the speculative fervor that occasionally grips the memecoin sector, enticing new retail entrants and speculators. Such stories often drive short-term price surges but can also lead to heightened volatility as profit-taking accelerates.


Key Points:

  • Headline-grabbing gains attract retail traders seeking outsized returns.
  • Sudden influx of buyers can inflate prices, but also increase volatility.
  • Such events often precede sharp corrections as early investors realize profits.


NFT bull Steve Aoki sells his SHIB, ETH, and PEPE. His Bored Apes are down 88%.

High-profile NFT and crypto advocate Steve Aoki has reportedly exited several of his digital asset positions, including SHIB, ETH, and PEPE. This move signals waning confidence among celebrity investors and could contribute to bearish sentiment, particularly among retail holders who closely follow influencer activity.


Key Points:

  • Aoki's exit may amplify negative sentiment among retail investors.
  • Celebrity selling often triggers short-term price weakness.
  • Signals a potential shift in cultural momentum away from speculative assets.


T. Rowe Price is ready to put dogecoin, shiba inu among tokens in its new crypto ETF

T. Rowe Price's amended SEC filing to include DOGE and SHIB in its upcoming crypto ETF marks a significant institutional nod to the legitimacy of memecoins. This development could enhance long-term investor confidence and increase mainstream accessibility, potentially underpinning price stability or renewed bullish momentum for these tokens.


Key Points:

  • Institutional recognition may attract more conservative investors.
  • Potential for increased demand via ETF inclusion.
  • Legitimizes memecoins as investable assets alongside blue-chip tokens.


Memecoin comeback talk builds as DOGE, SHIB, BONK rally in early 2026

After a prolonged period of underperformance, speculation about a memecoin resurgence emerged as DOGE, SHIB, and BONK rallied in early 2026. However, concerns about high token concentration in major wallets, especially for SHIB, have sparked fears of potential market manipulation and volatility. While price action showed signs of recovery, sustainability remains in question unless ownership becomes more distributed.


Key Points:

  • Rallying prices reignite speculative interest in memecoins.
  • High wallet concentration poses risks of large-scale dumps.
  • Sustained recovery depends on broader distribution and stable inflows.


Dogecoin and Shiba Inu lag market as memecoins continue to lose ground to bitcoin

Despite accumulation by large holders ('whales'), both DOGE and SHIB have underperformed relative to Bitcoin and other major assets. Persistent selling pressure and the inability to reclaim key technical levels have hindered price recovery, reflecting caution among market participants about the memecoin sector's near-term prospects.


Key Points:

  • Whale accumulation alone is insufficient to reverse bearish trends.
  • Failure to reclaim technical levels undermines investor confidence.
  • Memecoins remain sensitive to broader market sentiment shifts.


Dogecoin and shiba inu test lower levels after key support gives way

A decline in Ethereum (ETH) prices has exacerbated selling pressure on memecoins, as traders often use ETH as a barometer for altcoin risk appetite. The breach of key support levels for DOGE and SHIB triggered additional downside, highlighting the interconnectedness of major altcoins and memecoins in the current market environment.


Key Points:

  • ETH declines spill over into memecoin markets, intensifying losses.
  • Breaking support accelerates sell-offs and triggers stop-losses.
  • Correlation with ETH adds to volatility in DOGE and SHIB.


Memecoin Majors Diverge as DOGE Reclaims Trendline, SHIB Tests Daily Downtrend Floor

Recent price action has seen DOGE and SHIB diverge, with DOGE rebounding 3% amid institutional buying, while SHIB briefly fell 2% before recovering. DOGE's ability to close above a key trendline signals potential bullish momentum, whereas SHIB remains at risk unless it confirms stabilization above important support. Market volatility remains elevated due to macro factors such as AI-bubble concerns and Bitcoin ETF outflows.


Key Points:

  • DOGE's trendline recovery suggests near-term bullish potential.
  • SHIB's position at support requires confirmation to avoid further declines.
  • Macro pressures continue to drive high volatility in memecoins.


Dogecoin Surges 6% as Trump Promised $2K Stimulus Brings Back 2021-Era DOGE, SHIB Rally Vibes

Dogecoin experienced a notable 6% surge following former President Trump's remarks about a potential $2,000 stimulus, which reignited speculative interest reminiscent of the 2021 meme coin boom. Increased institutional buying and a sharp rise in trading volume propelled DOGE above key resistance, fueling broader optimism across the memecoin sector.


Key Points:

  • Stimulus talk revives risk appetite among retail traders.
  • Breaking resistance with high volume signals renewed bullishness.
  • Sustained upside depends on follow-through above technical thresholds.


SHIB Slides 5% Despite Token Burn as BTC Drops Below 200-day Average

Shiba Inu (SHIB) slid 5% in a 24-hour period, dragged down by Bitcoin's decline below its 200-day moving average. Despite ongoing token burns, SHIB faced heavy selling pressure, including significant whale transfers to exchanges. While a late bounce was observed, the overall sentiment remains bearish, with SHIB extending an 11-month downtrend amid high volatility.


Key Points:

  • BTC weakness undermines sentiment in altcoins like SHIB.
  • Token burns are insufficient to offset broader selling pressure.
  • Whale movements to exchanges signal potential for further declines.


Memecoins rewind to July levels as markets struggle to recover

The memecoin market has retraced to levels last seen in July, with a near 40% drop in total market capitalization. DOGE and SHIB led the declines, posting weekly losses between 13% and 22%. While NFTs and blue-chip cryptocurrencies show signs of recovery, memecoins continue to lag, reflecting a risk-off rotation and waning retail enthusiasm.


Key Points:

  • Memecoins remain under pressure despite partial market recovery.
  • Steep declines erode confidence and reduce speculative inflows.
  • Sector rotation favors established assets over high-risk memecoins.

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