Will Shiba Inu Price Break $0.000016? SHIB MVRV Shows Low Point!

Jakarta, Pintu News – Shiba Inu fell by 5% on May 19, 2025, amid an overall crypto market decline that led to more than $600 million in liquidations.

Despite the decline, two important metrics – the MVRV ratio and the daily transaction volume on the losing blockchain – suggest that a reversal is likely.

SHIB was briefly trading at $0.000014 today, with a decline of 18% in the last seven days.

Has Shiba Inu Price Formed a Temporary Low?

After losing more than 16% in just one week, on-chain data shows that the price of SHIB has reached a temporary low. The MVRV ratio is currently at the same level as it was in the third quarter of 2024, before Shiba Inu made its huge upward rally.

Read also: Shiba Inu Whales Begin to Retreat, Will SHIB Prices Fall or Explode?

If history repeats itself, which it usually does for most meme coins and crypto markets, SHIB prices will likely overcome the bearish trend and resume the uptrend that started last week.

In addition, shortly after the MVRV ratio bottomed out last year, SHIB skyrocketed by 128%. If this top meme coin repeats that rise, the SHIB price could reach $0.000032 in the next few weeks.

Meanwhile, SHIB’s daily transaction volume on the loss-making blockchain has plummeted to 579 billion after reaching nearly 5 trillion earlier this month.

This drop indicates that the capitulation phase may have ended, as fewer traders are willing to sell SHIB at a loss. This drop will reduce the downward pressure on the price of Shiba Inu, further indicating that this meme coin is in a base-forming phase.

With the support of the MVRV ratio and the decrease in on-chain losses indicating a bullish price outlook for Shiba Inu, it is likely that this meme coin has indeed bottomed out.

Long-term holders may start accumulating, which will form the basis for a rebound in SHIB prices.

Technical Analysis Shows Emerging Bullish Signals

Shiba Inu’s daily price chart shows some bullish signals, indicating that the downward momentum may not be real and could soon be followed by an upward reversal.

The CMF indicator on this chart is rising even though prices are falling, which could indicate that smart money is accumulating or buying when prices are lowest.

Read also: Surge in Shiba Inu Burning, Will SHIB Prices Explode?

The ADX line also gives a similar picture and tends to point towards an imminent bullish reversal. The line is falling along with the price of the Shiba Inu, which suggests that the downward momentum is not strong enough, and sellers may soon run out of steam.

Considering this technical outlook, it is likely that SHIB will maintain the support level at $0.0000139 and then rebound to test the resistance at $0.000016.

If this happens, traders should take note of the possibility of a bullish spike towards the price of $0.000022.

On-chain data, including MVRV ratio and transaction profitability, combined with this technical outlook, support a bullish outlook for Shiba Inu prices.

Therefore, if the broader market capitalization recovers from the ongoing correction, SHIB could easily lead the next bull rally.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Can Shiba Inu Price Break $0.000016? SHIB MVRV Signals Bottom as Losses Ease. Accessed on May 20, 2025