Shiba Inu’s price crash has further deepened over the last 24 hours. According to CoinGecko’s Shiba Inu data, SHIB’s price has fallen 6.1% in the last 24 hours, 11.7% in the last week, 11.9% in the 14-day charts, 19% over the previous month, and 65.6% since November 2024. The popular crypto was once among the best-performing assets in the market. Let’s discuss if SHIB will fall further, and if you should buy the dip.
Will Shiba Inu’s Price Crash Continue?
Shiba Inu (SHIB) has struggled to gain momentum over the last few months. The asset climbed to $0.000032 in December of last year, but has since been on a downward trajectory. Given the current market scenario, there is a high chance that SHIB’s price could fall further. The popular coin could even fall to the $0.000006 price point, a level last traded at in November 2023.
Shiba Inu’s (SHIB) latest price correction follows a market-wide trend. CoinGlass crypto data shows that the crypto market saw around $950 million worth of liquidations in the last 24 hours. The market crash is likely due to macroeconomic factors, such as slow economic growth and rising inflation. The September jobs data has also likely played a hand in the current market predicament. Shiba Inu (SHIB) and other risky assets have taken a hit as market participants take a more risk-averse approach.
Also Read: Worried About Your Shiba Inu Losses? Here’s What to Know
If Shiba Inu (SHIB) falls to the $0.000006 price level, it could be an excellent entry point for investors. Moreover, the market may recover in early 2026 if macroeconomic conditions improve. The Federal Reserve could roll out another interest rate cut in 2026, and it could lead to investors taking on more risks as borrowing becomes easier.
However, there is also a possibility that we will enter a prolonged crypto winter. In such a scenario, Shiba Inu’s (SHIB) price could crash and consolidate for a long period.
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