Shiba inu experienced a significant crash, alongside the broader crypto market, wiping out hundreds of millions of dollars in leveraged positions. shib fell for five consecutive days, reaching a price point last seen in october 2023.
The article from u.today uses technical indicators (rsi, support levels) and references market data (coinglass liquidations), lending credibility. however, the initial focus on the '666' price point introduces a speculative element not directly tied to fundamental or technical analysis, slightly reducing overall trustworthiness.
Currently, shib is bearish due to the recent crash. however, rsi indicators are near oversold levels (30), which historically hints at the possibility of a short-term relief rally.
The recent price crash and the potential for a relief rally based on oversold rsi are short-term market movements expected in the coming sessions.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Shiba Inu saw a price drop alongside the rest of the crypto markets, now trading at a price point that commands attention on the market: $0.0000666. Advertisement Numbers such as 666 often draw attention on the market; for instance, Bitcoin's 666,666th block was noticed, in which a rare and symbolic message was embedded, a biblical verse: "Do not be overcome by evil, but overcome evil with good." Some believe 666 represents life because carbon, the element that forms the basis of life, has 6 protons, 6 neutrons and 6 electrons. HOT Stories Morning Crypto Report: Binance Suddenly Unlocks One Trillion Shiba Inu (SHIB), Bitcoin Whitepaper Name Admits and Denies Epstein Links, $2.36 Billion Satoshi-Era Bitcoin Whale Gets in Trouble With Ethereum Crypto Market Review: XRP in Deep $1 Waters, Shiba Inu (SHIB) — Worst Price Nosedive of 2026, Is Bitcoin (BTC) in Danger of Hitting $50,000? Strategy's Saylor Hints at Fresh Bitcoin Buy Amid Investor Ridicule Shiba Inu Buyers Step In, Peter Brandt Reveals Bitcoin Price Rebound Target, Ripple Exec Confirms XRP as Priority — Top Weekly Crypto News For Shiba Inu hitting the $0.00000666 price point, the significance goes beyond the numbers 666, but from more of a technical perspective. Advertisement Following the recent crash on the market that wiped out hundreds of millions of dollars in crypto positions, Shiba Inu finds itself trading in a price range that preceded its rise in late 2023. The $0.00000666 price point forms part of this support range, with the crypto community now watching for what comes next. You Might Also Like Sun, 02/01/2026 - 14:48 Catastrophic Shiba Inu (SHIB) Price Drop Raises Serious Questions By Arman Shirinyan Shiba Inu started rising from a low of $0.0000066 in October 2023. The rally was sustained in the months that followed, with Shiba Inu reaching a high of $0.00004575 in March 2024, representing a 593% increase. Advertisement SHIB in red as market drops Shiba Inu fell for five days at a stretch, reaching a low of $0.00000616, last seen in October 2023 — at one point during the drop. The drop follows a broader decline on the market, which has persisted in recent weeks. The crypto market extended its sell-off over the weekend, with $825.51 million in leveraged positions wiped out in the last 24 hours, according to CoinGlass data. Shiba Inu has dropped since Jan. 5 high of $0.00001008, with RSI indicators now near oversold levels at 30, hinting at the possibility of a relief rally in the coming sessions. In the event of a rebound, Shiba Inu might target $0.00000785, $0.00001008 and then $0.00001047. Support lies next at $0.0000055 if the declines continue. #Shiba Inu (SHIB) News #Shiba Inu #Shiba Inu (SHIB) Price Prediction