Shiba Inu's Price Crash Continues, Down 9% in Seven Days

Shiba Inu (SHIB) has been struggling to regain its footing in recent weeks, with its price plummeting by nearly 9% over the past seven days. According to CoinGecko data, SHIB's current price is facing resistance at the $0.0000046-$0.000005 level.

Despite a near 7% price rally in the monthly charts, SHIB still hasn't been able to overcome this hurdle. The once-thriving cryptocurrency has seen its value tank over the last few years, particularly since December 2024, when it reached its lowest point in recent years.

Investors are losing hope, and many holders are sitting on significant losses, with some opting to sell their SHIB coins once the price reaches their average buying cost. While there is still interest among retail investors, Shiba Inu's popularity has waned significantly since its debut in August 2020.