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Shiba Inu Price Breakdown Risk: Whales & Fading Momentum Point to a Plunge!
Shiba Inu (SHIB) is facing a critical moment as its price hovers precariously on the brink of a major breakdown. With key technical and on-chain indicators flashing red, a confluence of whale selling and fading market momentum suggests that the popular meme coin could be headed for a significant plunge in August 2025. Is SHIB on the verge of a sharp decline, and what are the crucial levels to watch?
The Pennant Breakdown: A Bearish Pattern Takes Shape 📉
SHIB's price is currently testing the lower trendline of a pennant formation. A decisive break below this support level would trigger a full pattern breakdown, which is a key technical indicator of an impending downtrend. This bearish signal is further reinforced by the waning strength of the overall market trend. The Average Directional Index (ADX) has weakened, suggesting that the bullish momentum is fading. Without strong buying interest to reverse this trend, the price is at high risk of rolling over and initiating a new bearish phase.
Whale Exodus & Weak Support: A Dangerous Combination 💸
On-chain data reveals a highly concerning trend: large holders, or "whales," have been systematically selling their SHIB positions for over 30 days, trimming their holdings by more than 181% in the past month. This consistent whale exodus is a powerful bearish indicator, as it injects significant selling pressure into the market. Furthermore, the global in/out of money data shows that there is very weak support below the current price range of US$0.000012–$0.000013. This lack of a strong buyer base at lower levels means that if the price falls below US$0.000012, it could quickly plummet to US$0.000008 as there are few buyers to absorb the selling pressure.
Conclusion
Shiba Inu's price is facing a serious risk of a major breakdown in August, with a combination of a bearish pennant formation, a significant whale exodus, and fading trend momentum. The lack of strong support below current price levels makes a sharp decline a very real possibility if the price breaks below US$0.000012. For SHIB to avoid this potential plunge, a massive influx of buying interest would be required to counteract the prevailing bearish signals. Until then, extreme caution is warranted.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.