Shiba Inu Dips on Trade Turmoil but Finds Support as Shibarium Activity Soars

Shiba Inu (SHIB) slid more than 16% amid a broader crypto pullback triggered by escalating trade tensions between the U.S. and China. The memecoin briefly touched $0.00001038 — its lowest since February 2023 — as traders rotated out of risk assets in response to President Trump’s latest tariff offensive.

Despite the sell-off, SHIB’s fundamentals remain strong. Its layer-2 solution, Shibarium, has now surpassed 1 billion processed transactions, averaging over 4 million per day — a signal of growing ecosystem engagement even during market stress.

Technical signals suggest the correction may be bottoming out. SHIB has bounced off a key support level near $0.00001050, forming a potential double-bottom pattern and reclaiming $0.00001097. Volume surged during the bounce, suggesting renewed buying interest.

Analysts note that a sustained break above $0.00001108 could open the door for a move toward $0.00001150. However, declining open interest and negative funding rates point to continued caution in the derivatives market.

Key Takeaways:

• SHIB fell 16.2% before bouncing 4.2% intraday.
• Layer-2 network Shibarium surpasses 1B transactions.
• Technical pattern hints at recovery, though sentiment remains fragile.
• Resistance lies at $0.00001108, with eyes on $0.00001150 if momentum continues.

While macro risks still loom large, Shiba Inu’s network strength and recent price stabilization may give bulls a reason to stay in the game — for now.