Is the dip in Shiba Inu (SHIB) and PI coin price just noise—or a signal?

The Shiba Inu (SHIB) price today has fallen below $0.00001, with whales grabbing 874 billion SHIB during the panic.

Shiba Inu (SHIB) price today dropped below the psychological level of $0.00001, briefly hitting lows of $0.0000098 before bouncing 4%. As retail traders panicked, whales saw an opportunity, grabbing a massive 874 billion SHIB during the dip.

Shiba Inu Price Today Shows 4% Bounce as Whales Step In

The small rebound in Shiba Inu (SHIB) price today could offer a respite for beleaguered traders who saw the token slip below a key Fibonacci retracement level. While the immediate support at $0.0000090 could offer some solace, the lack of decisive buying pressure at lower levels is a concern.

Shiba Inu (SHIB) price today dropped below the psychological level of $0.00001 for the first time since early 2024, briefly hitting lows of $0.00098. However, the token rebounded 4% in the past hour, suggesting that the oversold conditions could be paving the way for a small recovery.

However, despite the token’s attempt to regain some lost ground, the lack of urgency among buyers at lower levels is evident. Moreover, the decreased exchange supply, mainly due to whales making large buys, could exert more price pressure in the near term.

Technically, the RSI in the oversold zone on the 4-hour chart and the price action suggest that the bears are in control, at least in the short term. Furthermore, the price is encountering resistance at the 200-4EMA, indicating that the sellers are defending this level fiercely.

However, on the positive side, the MACD on the same time frame is showing signs of a bullish crossover, which could lead to more buying pressure. Additionally, the Parabolic SAR has also flipped bullish, which could further support the token’s recovery.

Shiba Inu price is now trading at $0.0000930, up by 3.43% in the past hour and by 0.20% in the past 24 hours. The token’s market cap has decreased by 0.12% in the past 24 hours to reach $5,972,552,337.

Shiba Inu (SHIB) Price Chart: 4-Hour Time Frame

As the dust settles on the recent market turbulence, the question remains: will Shiba Inu (SHIB) price manage to break free from the immediate support at $0.0000090, or will it succumb to further selling pressure?

PI Coin Price Drops 14% as Key Support Breaks

The PI coin price broke below its critical support at $0.70 and has since dropped 14% in just two days. Bulls tried to reclaim the level, but failed, leaving the price stuck near $0.58. If $0.58 breaks, the next downside targets are $0.54, $0.51, and possibly $0.45.

The short-term chart shows mixed signals. The MACD is in the neutral zone but could soon enter bearish territory if sellers continue to exert pressure. The RSI also remains neutral, indicating that neither bulls nor bears have a clear upper hand yet.

However, the Rate of Change (ROC) shows a slight bullish push, hinting at a possible rebound toward $0.61 or even $0.65—if buyers defend current levels.

PI coin price is now trading at $0.576, down by 13.98% in the past 24 hours. The token’s market cap has decreased by 13.48% in the past 24 hours to reach $378,630,846.

PI Coin Price Chart: 4-Hour Time Frame

Today’s outlook for PI coin is neutral with a slight upside bias, but only if the sellers fail to push the price lower. A decisive move below $0.54 could open the doors for more selling, setting the stage for the next leg of the bear market.

Whales Pounce As Shiba Inu (SHIB) Price Today Drops Below Key Level

Shiba Inu (SHIB) price today dropped below the psychological level of $0.00.1 for the first time since early 2024. The token hit a low of $0.0000098 before bouncing 4%. However, the small rebound wasn’t enough to erase the concern triggered by the dip.

While retail confidence wavered, whales stepped in and bought 874 billion SHIB, seeing the pullback as a buying opportunity. These large buys also contributed to a decrease in exchange supply, which could put more upward pressure on the token’s