Shiba Inu Sinks to Two-Month Low Amid Geopolitical Tensions and Market Jitters

Shiba Inu (SHIB), the world’s second-largest meme coin by market capitalization, slumped 3.5% on Tuesday, pressured by a broader crypto market downturn and weakness in U.S. equity markets.

SHIB fell to $0.00001134, touching levels last seen on April 9, per data from CoinDesk. Bitcoin (BTC), the market’s flagship cryptocurrency, also retreated nearly 3% to hover around $103,800, as geopolitical tensions sent ripples through global risk assets.

The latest slide came after President Donald Trump dismissed reports suggesting his administration was pursuing a truce with Iran. Instead, he escalated rhetoric, threatening Iran’s Supreme Leader Ayatollah Ali Khamenei and demanding Iran’s unconditional surrender amid its ongoing conflict with Israel.

SHIB’s decline followed a failed attempt to break through resistance at $0.00001230 on Monday. That rejection triggered a sharp sell-off, with trading volumes surging past 1.2 billion SHIB tokens.

While buyers briefly stepped in around $0.00001167, bearish momentum eventually overwhelmed support, pushing prices lower again.

Analysts note that SHIB’s performance continues to mirror broader market sentiment, as cryptocurrencies remain sensitive to geopolitical uncertainty, macroeconomic pressures, and trade disputes among major economies.

As traditional financial markets react to geopolitical risks, meme coins like SHIB are particularly vulnerable to heightened volatility, with traders closely watching key support and resistance zones for clues to the next directional move.

Technical Analysis Highlights (Monday-Tuesday)

• Firm rejection at $0.00001230 resistance during the 20:00–21:00 UTC window.
• Aggressive selling from 22:00–00:00 UTC, with volumes spiking to 1.23B and 1.31B tokens.
• Temporary support formed at $0.00001167, attracting high-volume buying.
• Price consolidating between $0.00001176–$0.00001182, hinting at weakening bearish momentum.
• Selling pressure appears to be tapering off as volumes decrease.
• A surge in volatility in the past hour created a range between $0.00001175–$0.00001182.
• A recovery attempt reached $0.00001182 at 13:30 UTC on significant volume (8.8B tokens).
• Bulls lost ground as sellers returned at 13:44 UTC, driving a 3% drop on 9.7B tokens traded.
• Prices are consolidating around $0.00001175, with lower volatility and volume indicating potential exhaustion in selling pressure.