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Cryptocurrency News Articles

Shiba Inu (SHIB) Price Dips Below $0.000015 as Bulls Lose Momentum. Liquidation Data Shows a Drop Below $0.000014 Could Trigger a Cascade

Apr 27, 2025 at 02:34 am

Shiba Inu price stalls after 17% gains on the weekly candle, with trading indicators suggesting the bullish momentum could be weakening.

Shiba Inu (SHIB) price slipped below the $0.000015 barrier on Saturday, as derivatives trading data showed a SHIB price drop below $0.001400 could trigger a cascading liquidations.

Shiba Inu Price Stalls as Bulls Lose Momentum

Shiba Inu price stalled after notching 17% gains on the weekly candle, with trading indicators suggesting the bullish momentum could be waning.

Down 0.6% in the last 24 hours, SHIB is currently trading at $0.00001419, according to CoinGecko data.

However, its inability to sustain early gains above the $0.000015 level highlights mounting selling pressure, especially during U.S. trading hours where retail activity noticeably thinned.

Earlier in the day, multiple sharp rejections near the $0.0000150 zone on Binance and Coinbase hinted at exhaustion among short-term bulls.

After a sharp rally in Asian morning hours, SHIB price entered a series of lower highs, typically a sign that buyer conviction is dwindling.

Traders on Asian-dominated platforms like Bybit and OKX reported heavier-than-usual spot selling, suggesting that some whales may be de-risking positions ahead of the weekend.

Shiba Inu maintains a market capitalization of approximately $8.36 billion, securing its position as the 18th-largest cryptocurrency.

But after last week’s rally, traders now appear to be taking a cautious stance as liquidity thins, seeking clearer directional signals, especially as Bitcoin price failed to hold the $95,000 level.

Nearly 3 Million SHIB Longs Risk Liquidation at Critical Price Level

Liquidation data adds another layer of concern for Shiba Inu. According to the latest Coinglass’ Liquidation Map, approximately 2.96 million SHIB longs are at risk of liquidation if the price drops to $0.00001365.

Binance alone holds the largest portion of this leveraged exposure with 766,710 SHIB, making it the single biggest contributor to potential liquidation pressure.

The map highlights a clear liquidity pocket around this level, meaning a breakdown could trigger a wave of forced selling as margin positions are closed automatically.

Historically, similar patterns — like in late March when SHIB lost $0.000012 — saw prices collapse 5%–8% within hours as liquidation cascades amplified the downward pressure.

Recent trading on Binance Futures also shows a rise in the SHIB long-to-short ratio, reaching 2.7:1 at peak levels earlier today, before cooling slightly.

Over the past 30 days, cumulative long leverage has trended steadily downward, yet large clusters of overexposed longs persist just beneath the current SHIB price.

This concentration suggests that $0.001365 now serves as a major liquidity cluster — if tested, it could lead to a rapid cascading effect, mirroring the sharp liquidations seen across altcoins like PEPE and FLOKI in similar setups earlier this month.

Shiba Inu price may see deeper losses if the crucial $0.001400 level breaks down, setting off a chain reaction of margin positions being liquidated.

Within the current market dynamics, a sustained break below $0.001400 could set off an aggressive liquidation cascade toward $0.001365, and potentially lower if panic selling ensues.

Conversely, if SHIB price can maintain steady support above $0.001420 and reclaim $0.001450, it may avert a deeper correction.

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Other articles published on May 14, 2025