Shiba Inu Dumped 10%-Will Your Wallet Lose a Crying Eye?

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Shiba Inu is now the dog that says, “I’m sorry, I’m too numb to pay,” after sliding off its former weekly gains the way a soufflé collapses at a potluck.

The last two days saw a flurry of frantic selling that made traders itch for a nap while the broader crypto market took a collective sick day. Inflation headlines crashed like hyperactive toddlers, and Jack‑knife portfolios followed the obvious, dropping the price of this fluffy token by 10% in a week.

It’s been a cold run for SHIB since it last peaked at $0.00000668 on May 11-four daily losses in five days. If you’re tracking it on a chart, you’ll almost feel your conscience whisper, “At least you don’t have to pay rent.”

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By Friday, the poor token stared into the weekend abyss, batting at its own shadow when reporters asked if the Fed was raising or lowering rates. The CPI and PPI prints made everything more confusing than trying to explain a meme to your grandma.

Shiba Inu finally sprinted into a death‑cross when the 50‑period moving average slipped under the 200‑period on the frantic 2‑hour chart. If “death cross” sounds ominous, it’s because the MAs were as clashing as senators at a book club.

SHIB loses major support

The drop pushed SHIB below the daily MA 50-a line it had kept on the nice side of since mid‑April. It also fell below the $0.000006 mark, which is a shame because that level was the benchmark for anything that held more dignity than a dog‑cuddle.

That MA 50 was the sword‑and‑shield for Shiba Inu from mid‑January to mid‑March. It kept the price from swallowing the market, let alone giving it a break. After a brief victory in late April, the token marched above it for a few “glorious days” before conceding.

Now the price is sitting at $0.000005838, down 1.37% last 24 hours. In the next few sessions, we’ll keep an eye on whether it can climb back over the daily MA 50, because if it fails, somewhere out there an accountant will give a sigh and write a new “to‑do” list for the next bear market.

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2026-05-17 14:14