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Shiba Inu (SHIB) drops under $0.0000042 as social dominance falls and shorts dominate, risking a retest of its $0.0000040 yearly low.
Shiba Inu slipped beneath $0.0000042 on Tuesday, extending a four‑day decline and putting the token within striking distance of its 2023 yearly low around $0.0000040, a level that could trigger further selling if bearish pressure persists.
| At a glance | |
|---|---|
| Price | $0.0000042 (below) |
| 24h change | –5% (approx.) |
| Key level | $0.0000040 yearly low |
| Catalyst | Falling social dominance, long‑to‑short < 1, negative funding |
On‑chain analytics from Santiment show SHIB’s Social Dominance metric dropped sharply after peaking on July 12, falling to 0.014%—a level last seen in early July—indicating reduced trader chatter and lower buying interest【1】. Concurrently, CoinGlass data reveal the token’s long‑to‑short ratio at 0.90, its lowest in over a month, meaning more traders are shorting than going long【1】. The funding rate sits at –0.0136%, so short sellers are paying longs to maintain positions, a classic sign of bearish market sentiment【1】.
These metrics align with a broader risk‑off environment driven by escalating U.S.–Iran tensions, which have pushed investors away from speculative assets like meme coins【1】. Historically, SHIB’s price reacts sharply to shifts in risk appetite, amplifying downside moves during periods of heightened uncertainty【1】.
The 4‑hour SHIB/USD chart remains in a short‑term downtrend, failing to break a descending trendline that has capped rallies since mid‑May. Over the past three sessions the token has lost more than 5%, and the Relative Strength Index has slipped to 33, edging toward oversold territory but still reflecting strong bearish momentum【1】. The Moving Average Convergence Divergence is poised for a bearish crossover, which could reinforce the downtrend【1】.
If selling continues, immediate support sits at $0.0000040—the level that marked the token’s yearly low. A rebound would first need to reclaim the descending trendline near $0.0000044, requiring volume‑backed buying to validate any reversal【1】.
SHiba Inu’s trajectory now hinges on whether bearish derivatives positioning and dwindling social buzz can be offset by any macro‑level risk easing or a surge in meme‑coin buying. The token’s ability to hold above $0.0000040 will be a key barometer of market sentiment toward risk‑on assets.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 18, 2026 · How we report
Analysts note that if the sell pressure continues, SHIB could retest its annual low around $0.0000040.
Santiment’s Social Dominance metric shows a sharp drop to 0.014%, suggesting fewer traders are discussing or focusing on SHIB.
The long‑to‑short ratio is below 1 (0.90) and funding rates are negative, both signaling that short positions dominate and bearish sentiment prevails.