# Shiba Inu Price Drops

**Published:** 2026-07-20T01:51:09.898Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/2d6d9c04-9d3f-4295-a6b7-99351ff755d9

Shiba Inu price falls 5% in 3 days, bearish sentiment grows, key support near $0.0000040, with declining social engagement and negative derivatives data.

Shiba Inu's price has declined for four consecutive days, falling below $0.0000042, with weakening social engagement and bearish derivatives data signaling fading confidence [1]. The token's price has dropped more than 5% over the past three trading sessions, and it now risks revisiting its yearly low near $0.0000040 if selling pressure continues.

| At a glance | |
|---|---|
| Price | $0.0000042 |
| 24h % move | -2.5% |
| Key level | $0.0000040 (yearly low) |
| Catalyst | Escalating US-Iran tensions, negative derivatives data |

## What drove the move
The decline in Shiba Inu's price is attributed to escalating tensions between the United States and Iran, which have prompted investors to reduce exposure to speculative assets, including meme coins [1]. Additionally, on-chain data suggests that enthusiasm for Shiba Inu has cooled significantly in recent days, with its Social Dominance metric dropping sharply since reaching a local peak on July 12 [1]. The indicator has fallen to 0.014%, approaching levels last seen in early July. Futures market data also points to increasing bearish sentiment, with SHIB's long-to-short ratio standing at 0.90, close to its lowest level in more than a month [1].

## The competitive picture
Shiba Inu's price action is also influenced by its relative weakness against Bitcoin, with the SHIB/BTC pair expected to remain under pressure due to the token's fading social attention and bearish derivatives data [1]. According to CoinMarketCap, SHIB is a decentralized, community-led currency held by millions across the globe, with a market capitalization that is not explicitly stated [2]. The token's price surge in 2021 led to increased adoption across token holders, with retailers increasingly starting to accept SHIB as a means of payment [2].

| Token Metrics | Value |
|---|---|
| Circulating Supply | not available |
| Total Supply | 1 quadrillion |
| Holders | over 1 million |

## What to watch
* The key support level near $0.0000040, which marks the token's yearly low
* The SHIB/BTC pair, which is expected to remain under pressure due to Shiba Inu's fading social attention and bearish derivatives data
* The Relative Strength Index (RSI), which has dropped to 33, approaching oversold territory and indicating that bearish momentum remains strong

The real significance of Shiba Inu's price drop lies in its potential to retest its yearly low near $0.0000040, which could lead to a further decline in investor confidence and a potential sell-off in the token. The open question remains whether the token can reclaim key resistance levels and improve its short-term sentiment, or if the bearish pressure will continue to weigh on the meme coin.

## Sources
1. Invezz — [Shiba Inu price slips again: is SHIB heading back to its yearly low?](https://invezz.com/news/2026/07/14/shiba-inu-price-slips-again-is-shib-heading-back-to-its-yearly-low/)
2. CoinMarketCap — [Shiba Inu price today, SHIB to USD live price... | CoinMarketCap](https://coinmarketcap.com/currencies/shiba-inu/)

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Cite as: TrendWatcher, "Shiba Inu Price Drops", https://www.trendwatcher.in/article/2d6d9c04-9d3f-4295-a6b7-99351ff755d9