Shiba Inu (SHIB) Has Lost a Key Support Level! The Next Major Support Zones to Watch Are $0.000011 and $0.000008

Shiba Inu (SHIB) has lost a key support level, says Ali Martinez in a recent price outlook for the popular meme-inspired cryptocurrency.

Shiba Inu (CRYPTO: SHIB) has lost a key support level, according to Ali Martinez's recent price outlook for the popular meme-inspired cryptocurrency.

The next major support zones to watch are $0.000011 and $0.000008 per SHIB, predicts Martinez.

Currently, the meme coin is trading at $0.0000155.

If SHIB is indeed to fall to the levels outlined by Martinez, it could mean a drop anywhere from 29% to 48.5%, which is an awful lot.

The last time the Shiba Inu meme coin was trading this low was in November 2023 and August 2024. For a reminder, we are currently in February 2025.

Despite the presence of numerous meme coins, Shiba Inu continues to be the second biggest meme cryptocurrency.

However, it might be the community power or someone using the token for manipulations that allow SHIB to stay afloat.

#ShibaInu $SHIB has lost a key support level! The next major support zones to watch are $0.000011 and $0.000008. pic.twitter.com/XzL5Kc6Rgq

Whatever the case, SHIB continues to amass a market cap of $9.17 billion, and if the dip predicted by Martinez does occur, it would erase anywhere from $2.66 billion to $4.44 billion — an inexcusable amount of money.

Moreover, questions regarding the Shiba Inu coin's relevancy continue to grow and persist.

Once it was the "DOGE killer," then it was the main meme coin on Ethereum — a role that was taken by PEPE.

Currently, it sort of reflects the price action of the main altcoin, but with every glance at the rankings of crypto assets you can see how lower and lower SHIB goes.

The drop forecast by Martinez may not be pocket change, but turn out as a massive blow, one that could shake confidence in the token’s ability to stay relevant in an increasingly saturated meme coin market.