Shiba Inu Price Prediction: Can SHIB Recover After an 11% Daily Drop?

Crypto market analysts are speculating whether SHIB is approaching its downfall as its open interest declined by 11% on February 4, reaching $75.74 million. Bitcoin’s drop to $74,000 has shaken the market, sparking fears of a further crash. Questions have been raised about the possibilities of Shiba Inu recovering from such a deep plunge. This article will determine whether SHIB can make a comeback from its current condition. 

Shiba Inu Price Drop And Interest Plunge 

According to crypto data, Shiba Inu’s open interest declined by 11%,  roughly losing $75.74, and future flows dropped by 193%, indicating that investors are withdrawing from the critical margins.

SHIB owners are going through a state of uncertainty and trying to stay calm, even as the “SHIB is in downfall” sentiment escalates.   

What Has Caused SHIB Prices to Plunge             

SHIB is seeing high volatility as meme coins and Bitcoin face sharp price drops. Shiba Inu reached a monthly low of $0.0000065 on Feb 1, 2026. However, it is in the lowest price point, trading at $0.00000594, recording a loss of nearly 35%  of its value over the last month. 

SHIB’s price movements are mirrored by the sentiment across the crypto market and influenced by Bitcoin’s recent price fall. Moreover, major liquidations have been occurring; the market lost about $2.45 billion within 24 hours, causing major price drops. 

On-chain metrics also show that large token holders, also called whales, have been selling off major holdings since late January, increasing selling pressure across the overall market. 

Is SHIB Heading Towards a Downfall? 

SHIB’s price crash has sparked ‘dead token’ rumors. Because open interest is also dropping, it shows big money is leaving, which many see as a final wave of investors surrendering.

Nevertheless, traders are going through market indicators to determine whether SHIB can recover from this plunge. Short-term prediction depicts recoveries in oversold regions. However, SHIB’s overall stability can only possibly be restored with time. 

SHIB Price Prediction 

Currently, Shiba Inu is at a critical point. According to the technical charts, its prices are retesting multi-year support levels. The Relative Strength Index has dropped to 21.08, entering oversold territory. Analysts have spotted a bullish divergence in the daily histogram, indicating that selling pressure is declining even after the price dips. 

Shiba Inu’s 24- hour volume has also spiked to $343.85 million, signalling high volatility and accumulation at lower points. The critical support level is around $0.0000056 – $0.0000058, and it is important to hold above $0.0000056 for further upward movement. 

Several analysts target $0.0000085 to $0.000010 as a recovery level. If SHIB breaks the resistance point at $0.0000085, it can make a recovery towards 0.0000092 – $0.0000095. The meme coin has been trading below its 50-day and 200-day moving averages for several months, indicating a strong sell sentiment. 

Final Thoughts 

Traders should be cautious about investing in SHIB as the overall sentiment is bearish. The prices can only bounce back if they can break the resistance level, which will require fresh investments and restored market confidence. The majority of investors believe that SHIB can recover after an intense market dip. The Shibarium privacy upgrade and new partnership with TokenPlay AI are expected to attract investors and help price recovery.