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Shiba Inu falls under $0.0000042, RSI 33 and negative funding signal further downside; see key support at $0.0000040 and macro risk factors.
Shiba Inu (SHIB) slipped beneath $0.0000042 on Tuesday, extending a four‑day decline and edging toward its yearly low of $0.0000040 as social engagement and derivatives data turned sharply bearish【1】.
| At a glance | |
|---|---|
| Price | $0.00000418 |
| 24h change | –1.2% |
| Key support | $0.0000040 (yearly low) |
| Catalyst | Falling social dominance, negative funding rate, US‑Iran tension【1】 |
Santiment’s Social Dominance metric for SHIB dropped to 0.014%, near early‑July levels, indicating sharply reduced chatter on crypto‑focused media【1】. Lower social attention typically curtails buying pressure, making price rebounds harder. In the futures market, CoinGlass reported a long‑to‑short ratio of 0.90—the lowest in over a month—while the funding rate sat at –0.0136%, meaning short sellers are paying longs to keep positions open【1】. Both figures point to a market that expects further declines.
On the 4‑hour chart, SHIB remains in a short‑term downtrend, failing to breach a descending trendline that has capped rallies since mid‑May. The token has shed more than 5% over the past three sessions, with the Relative Strength Index sliding to 33, edging toward oversold territory but still signaling strong bearish momentum【1】. The Moving Average Convergence Divergence is poised for a bearish crossover, which could reinforce the downtrend. Broader risk‑off sentiment, fueled by escalating US‑Iran tensions, is also pulling investors away from volatile meme assets like SHIB【1】.
Blockonomi notes that SHIB’s massive circulating supply—hundreds of trillions of tokens—means any price rally requires substantial new capital, as each fraction‑of‑a‑cent move represents a large monetary influx【2】. Ongoing token burns and the development of Shibarium (the project’s layer‑2 solution) may trim supply over time, but the “big headwind” of sheer token volume remains a dominant factor in price formation【2】. The article outlines several scenarios, ranging from a continued slide toward the $0.0000040 support to a potential breakout if the meme cycle revives and burns accelerate【2】.
SHIB’s price is now tightly linked to sentiment indicators and macro risk; a sustained rally will likely require both a revival in meme‑coin enthusiasm and tangible on‑chain activity such as increased burns or Shibarium usage. The token’s path forward hinges on whether these factors can outweigh the entrenched supply headwind.
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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.