Shiba Inu Tanks 5%, SHIB-DOGE Bounces From Record Lows

10 hours ago

SHIB outperforms DOGE arsenic the crypto marketplace wilts.

Sep 22, 2025, 4:57 p.m.

Shiba inu SHIB$0.0₄1213, the world's second-largest meme token by marketplace value, dropped sharply on with the broader market, triggering a bearish terms pattern. However, the token has outperformed its adjacent dogecoin DOGE$0.2400.

Prices declined 5% from $0.000012888 to $0.000012188 implicit the 24 hours, crowding retired implicit $1 cardinal successful leveraged bets, astir of which were agelong positions, a motion that the marketplace was skewed bullish, according to information root Coinglass.

Robust absorption was established astatine $0.00001237 level during high-volume liquidation, with enactment emerging astatine $0.00001197.

More importantly, the diminution marked a downside interruption of the contracting triangle identified by trendlines connecting Jun. 22 and Sept. 1 lows and May 12 and Jul. 21 highs. In different words, the scope play has resolved bearishly, indicating imaginable for further losses toward the Jun. 22 debased of $0.00001004.

The scope breakdown saw a measurement surge of 5.29 trillion tokens, indicating an organization liquidation event, according to CoinDesk's marketplace analytics.

SHIB's regular terms illustration successful candlesticks format. (TradingView)

Key insights

SHIB encountered sizeable downward unit passim the preceding 24-hour play from Sept. 21, 15:00 to Sept. 22, 14:00, retreating from $0.000012888 to $0.000012188, constituting a 5% depreciation.
The broad trading scope extended to $0.000009441 (79%), with the astir pronounced question materialising connected Sept. 22, 06:00, erstwhile valuations plummeted to $0.000011975 amid exceptionally elevated volumes of 5.29 trillion tokens, thereby establishing formidable absorption astatine the $0.000012373 threshold.
Critical enactment materialized astatine $0.00001197, accompanied by important buying interest, portion accepted absorption consolidated astir $0.00001290, wherever valuations consistently encountered downward unit passim the archetypal trading sessions.

SHIB-DOGE bounces from grounds low

While SHIB fell 5%, dogecoin suffered a bigger nonaccomplishment of implicit 8%, resulting successful a notable betterment successful the Binance-listed SHIB-DOGE brace from grounds lows.

The pair's regular MACD histogram is connected way to crook positive, marking a bullish displacement successful momentum, which suggests that SHIB could proceed to outperform DOGE successful the coming days.

That said, the wide outlook would stay bearish arsenic agelong arsenic the descending trendline from the March 2024 highs remains intact.

SHIB-DOGE pair's regular terms enactment successful candlesticks format. (TradingView)

More For You

HBAR Experiences Sharp Decline Amid High Volume Selling Pressure

"Chart showing HBAR's crisp 6.29% terms diminution from $0.24 to $0.22 amid triple-volume selling unit and a precocious 1% betterment rally."

HBAR plunged 6% successful nether a time arsenic dense organization selling drove volumes to astir triple the regular average.

What to know:

HBAR dropped from $0.24 to $0.22 betwixt Sept. 21–22, marking a 6% diminution amid surging volatility.
Trading measurement peaked astatine 137 cardinal overnight connected Sept. 22, astir 3 times the 24-hour baseline.
Bears reinforced absorption astir $0.24, but bulls regained momentum with a 1% rally successful the last hour.
A breakout supra $0.22 signaled renewed buying interest, though volumes collapsed to zero astatine the close, hinting astatine a impermanent pause.

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