Shiba Inu isn’t looking too hot right now. The popular meme coin is hanging by a thread as strong selling pressure pushes its price closer to losing yet another zero. After months of struggling to hold its ground, SHIB has given up most of its previous gains and is now trading at its lowest level in recent history. Right now, it’s sitting at $0.00001271, a far cry from its previous highs. If the downward trend continues, SHIB could break below a crucial psychological barrier and slip into the $0.000009 range—something that would be a major setback for the token’s holders.

The technical indicators aren’t painting a pretty picture either. SHIB has already lost key moving averages, particularly the 50-day and 200-day EMAs, which further solidifies the bearish momentum. However, not all hope is lost. Historically, the current price zone has been a strong support level. If the bulls step in and defend this area, we might see a relief rally pushing SHIB back toward $0.00001400 or even higher.

A breakthrough beyond this range could signal that sellers are running out of steam, opening the door for a potential recovery. There are already hints of bear exhaustion—trading volume has been on the decline alongside the price drop, which could mean that the intense selling pressure is finally easing up. If buyers take advantage of this and start regaining control, SHIB could stabilize and work its way back up.

So, what’s next? That’s the million-dollar question. Can SHIB hold its current support level, or will it cave under the pressure and drop even further? The coin is at a crossroads, and the coming days will be crucial. If it manages to stay above $0.00001200 and show some strength, there’s a real chance for a bullish turnaround. But if it slips below, brace yourself—SHIB could be adding another zero to its price.