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Shiba Inu collapsed on an intraday fund of $ 0.000010 on Sunday, marking his weakest point in 16 months. According to the market analyst Tom Tucker, that bass could prepare the foundations for a clear cut.
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The meme currency has slipped by 14% since the beginning of June and is out of 37% from maximum May of $ 0.00001764. The great owners are also becoming cautious, with wallets of whales down by about 80% and an open interest for Shiba Inu’s futures that descends to $ 123 million, a level for the last time in early April.
The double background model offers hope
On the basis of the reports of the examination of the graph of 22 June of Tucker, the meme coin seems to form a classic double bottom on its daily prices graph. That model often reports that a sell-off followed its course.
Shibi has rebounded for the first time of about $ 0.00001028 on April 7, climbing 70% to reach $ 0.00001765 by 12 May. Now that the coin has revisited that support area at about $ 0.00001030, operators will look closely to see if the story repeats itself.
$ Shib It crashed by 7.5% to $ 0.000011 while geopolitical tensions frightened the markets.
38% decreasing from the maximum of May, with the investments of whales -80% and futures or with a minimum of 1 month.
The AT shows deep depth levels, but a double bottom close to $ 0.00001030 could trigger a bounce of 62% if the support is worth.#SHIB pic.twitter.com/ueo3ebjxxd
– Tom Tucker (@whatztheticker) June 22, 2025
The support area has a crucial key
According to Tucker, Shiba Inu must remain above $ 0.000010 to confirm the double bottom. The token has already risen by 7.7% from Sunday depression to exchange about $ 0.00001081 today.
If the support is valid, it includes a 62% rally that would raise the Shibi to about $ 0.00001752, practically combining the peak last month.
The whales come out while the appetite vanishes
The most recent decline in the sales of the main titles suggests that there could be a change in the feeling of the market among the greatest fan base of Shiba Inu. The whale positions have been 80% lower since its May in May and the decrease in open interests suggests that the exploited speculators are not running much risk. These moves suggest that it is likely that falls persist until buyers return en masse.
Shiba Inu’s team urges patience
In the meantime, the marketing manager of the Shiba Inu ecosystem, Lucie, asked the community to remain calm. Based on the team’s statements, the $ 0.01 rally is still the long -term goal, but reaching that goal means not “panic” and remaining resilient.
Panic is not an option. If we haven’t won yet, it’s because it’s not over.
– πππππ (@lucieshibib) June 22, 2025
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Lucie reminded supporters that market oscillations are part of the journey and that retaining recessions could pay along the line.
Investors looking for a clear entry point could find the current attractive price action. If Shib manages to hold back the support of $ 0.000010, a rapid recovery is in the cards. But if the coin goes down below that line, the next move could take it to even lower levels.
Traders should observe the volume, whale actions and the greatest feeling of the cryptocurrency market before making their next move.
First floor image from Imagen, TradingView chart