Shiba Inu has had its fair share of ups and downs. SHIB price touched $0.000025 earlier this year, then slid by more than 50%. It now trades close to $0.000012. This long decline could be frustrating to many holders.
TheCryptoBasic shared comments from market watcher MMBTtrader, who did not hold back. The analyst bluntly called the SHIB token “for sure dead” in its current state, pointing out the lack of meaningful progress. Still, the story does not end with that phrase.
What you'll learn 👉
Why SHIB Token Is Being Called “Dead”
MMBTtrader explained that the Shiba Inu price has been stuck under a red descending trendline that continues to cap upward moves. Each attempt to break higher has been rejected, and momentum has faded. According to the analyst, if this trend drags on, SHIB risks slipping out of the top 40 cryptocurrencies.
TheCryptoBasic noted that the analyst’s frustration comes from watching the token lose strength while other assets manage to bounce. Support zones around $0.000010 and $0.000006 have been holding, but if they fail, the bearish pressure could deepen.
An Upside Could Still Play Out for SHIB
Despite the gloomy language, MMBTtrader still sees opportunities. TheCryptoBasic shared that the analyst mentioned a possible 200% move toward $0.00003364. That level has acted as strong resistance, tested twice in 2024 before sellers pushed the Shiba Inu price back down. Breaking this barrier is now seen as essential for bigger moves.
In a separate analysis, MMBTtrader also outlined a 200% upside target for Shiba Inu, placing it near $0.00003364. Notably, the price reached this zone in March 2024 and again in December 2024, but on both occasions, sellers eventually outweighed buyers, leading to strong…
— TheCryptoBasic (@thecryptobasic) September 23, 2025
If SHIB clears $0.00003364, the door could open to even larger targets. The analyst mapped out a long-term projection near $0.00007730, which would mark a 600% rise from current levels. This number is not random, it lines up with the peak SHIB price achieved in October 2021 during its explosive run.
Key Levels That Could Decide SHIB Next Move
TheCryptoBasic pointed out that the analyst’s case rests on two conditions. First, Shiba Inu price must protect its major supports around $0.000010 and $0.000006. Second, the token needs to finally break through the red descending trendline that has limited upside attempts.
Until those conditions are met, SHIB price remains capped, with upside progress limited. If the breakout comes, though, the structure could shift in favor of higher targets.
Read Also: Time to Accumulate Kaspa (KAS) Again? Analyst Reveals What’s Coming
Calling the Shiba Inu token “dead” may sound dramatic, but the analysis shows a bigger picture. The phrase reflects how stagnant SHIB has been, yet it also sets the stage for what a breakout might mean.
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