Shiba Inu Hits '555' Price Point as Crypto Markets See Heavy Sell-Off
Analysis
Price Impact
HighThe article highlights a significant price drop for shiba inu, falling to the $0.00000555 level and then further to $0.00000544. this drop is linked to a broader crypto market sell-off driven by concerning u.s. producer price data, suggesting persistent inflation and potential fed rate holds. shib has seen a 6.43% loss in 24 hours and a 16.03% loss weekly.
Trustworthiness
MedThe information is sourced from u.today and references price movements and market sentiment. it also includes commentary from a shiba inu team member (lucie), adding a degree of internal perspective. however, the disclaimer about the opinions not representing the outlet's views and the need for personal research lowers the overall trustworthiness.
Price Direction
BearishThe immediate price action is bearish due to the broader market sell-off and the specific drop in shib's price. however, the article also mentions that the rsi is in deeply oversold levels, indicating a potential for a short-term relief rally.
Time Effect
ShortThe price impact is described as 'short' because the article focuses on the immediate sell-off and the potential for a short-term relief rally. while the march 1 deadline is mentioned as a future market driver, the current analysis centers on the recent price action and its short-term implications.
Original Article:
Article Content:
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. Shiba Inu tested the $0.00000555 level at one point early Saturday as cryptocurrencies intensified an earlier sell-off. Advertisement Shortly after testing the $0.00000555 price point, Shiba Inu further fell to an intraday low of $0.00000544, near where it trades at press time. Cryptocurrencies extended an earlier drop on Friday after a report showed U.S. producer prices rose more than expected, suggesting that inflationary pressures remain, reinforcing bets that the Federal Reserve might remain on hold for the time being. HOT Stories Crypto Market Review: Bitcoin's $70,000 Guarded Like Treasure, Will Shiba Inu Have Bullish March? Ethereum Breaks Above 100-Day Threshold XRP Volume Rises 212%, Bitcoin ETFs Back in Demand With $506 Million, Dogecoin Price Reclaims $0.10 — U.Today Crypto Digest At the time of writing, SHIB was down 6.43% in the last 24 hours to $0.00000543 following a broader market sell-off, which saw $515 million worth of crypto positions liquidated in the same time frame. Advertisement SHIB/USD Daily Chart, Image By: TradingView The losses pushed most major tokens into the red on a weekly basis, with Shiba Inu extending its seven-day losses to 16.03%. You Might Also Like Tue, 02/24/2026 - 09:13 Shiba Inu (SHIB) Invalidates Last Bullish Setup It Had in 2026 By Arman Shirinyan Shiba Inu team member Lucie reacts to the ongoing market sell-off, citing three reasons for the drop. Lucie named hotter than expected data, AI and tech stocks pullback and rising macro concerns as key triggers that contributed to the ongoing market sell-off. Advertisement Lucie highlights the big picture, describing the market sell-off as "a classic risk-off day." The Crypto Fear and Greed Index remains in extreme fear at 14, indicating cautious sentiment across the market. Lucie added that "When fear rises, crypto feels it harder than most." What's next? The RSI, especially on lower time frames, has entered deeply oversold levels, below 30. This indicates the possibility of a relief rally or a dead cat bounce at least in the short term. You Might Also Like Fri, 02/27/2026 - 14:45 Shiba Inu Open Interest Drops to $59 Million as Price Tests Support at $0.000006 By Tomiwabold Olajide The broader crypto market will be watched with respect to Shiba Inu 's recovery. The next resistance targets will be $0.000007 and $0.00000949, which coincide with the daily moving averages 50 and 200. Support is expected at $0.000005, where Shiba Inu halted its drop on Feb. 6. Crypto is just a day away from the highly anticipated March 1 deadline to settle reward provisions for the Clarity Act. Though there is little discussion about it currently, analysts expect it to be the main driver of markets heading into March. #Shiba Inu (SHIB) News #Shiba Inu (SHIB) Price Prediction #Shiba Inu