Shiba Inu Price Prediction – SHIB Could Rebound to $0.00001721 as Market Finds Some Footing

Highlights:

• Shiba Inu has been in a selloff for the last 24 hours
• Price correction triggered by correction across the market
• Bitcoin finding ground after selloff could trigger Shiba Inu rebound in the day

All cryptocurrencies have suffered major losses in the last 24 hours, and Shiba Inu is no exception. At the time of going to press, Shiba Inu was down by 18% to trade at $0.00001433.

Shiba has nonetheless experienced a tremendous increase in trading volumes. Shiba Inu trading volumes have increased by 314% to hit a high of $1.46 billion. In most cases, this would mark a very bullish turn for Shiba. However, under current market conditions, this increase suggests panic selling from traders rushing to sell off their positions in Shiba Inu.

News of Possible Trump Tariffs Spooks Markets Including Shiba Inu

The recent market crash, including for Shiba Inu, is directly proportional to the ongoing geo-political issues and economy. On January 31, White House Press Secretary Karoline Leavitt revealed plans of the Trump Administration to raise tariffs on Canada, Mexico, and China. The tariffs that were put forward include a 25% tax on items brought in from Mexico and Canada and a 10% tax on Chinese goods.

pic.twitter.com/SWZtSm6NMX

— Donald J. Trump (@realDonaldTrump) February 1, 2025

Tarriff News Coming Amid High Interest Rates In the US

Such tariff news comes as a shock to the already fragile global economy. It raises inflation concerns, and possible high interest rates for longer. In the past, Bitcoin always enjoyed price rallies whenever interest rates were low. Now, with rates high, and unpredictable trade policies, investors have become more cautious and the same reflects in the cryptocurrency market. Nevertheless, other issues have worsened the losses sustained by Shiba Inu.

Shiba Inu Price Faces Internal Challenges Amid Selloff

One of the more important issues affecting Shiba Inu is the exit of Shytoshi Kusama, one of the prominent members of the Shiba Inu community.

Kusama, one of the most vocal Shiba Inu community leaders, has recently shared his plans to step down as lead visionary. In an X post, he looks back at the work he has done towards Shiba Inu’s ecosystem. These include building out Shibarium and ShibaSwap, along with tokens Bone, Leash, and Treat. Nevertheless, Kusama claims that his vision for the project is complete, and the next step should be implementation and acceptance on a global scale.

Shib remains in the top 20 tokens, Shibarium has 800M flawless transactions and so much more.
SHORT FAREWELL
For this reason, and I will no longer be the lead visionary of Shiba Inu. Why? Simply put, there is no more vision needed, only execution and communications. What's needed… pic.twitter.com/fjMmi3Ye6t

— Shytoshi Kusama™ (@ShytoshiKusama) January 26, 2025

This came as a shocker for many, especially given the prevailing marketwide weakness. Many investors have started to liquidate their holdings because of Kusama’s recent decision, which is reflected in Shiba Inu’s high intra-day selling volumes. 

Technical Analysis – Shiba Inu Price Makes Bounce But Not Out of the Woods Yet

From the charts, Shiba Inu has been in an accelerated selloff intra-day. However, with Bitcoin appearing to have found some ground, Shiba Inu bulls are regaining control. This is evident in the fact that the price is forming what appears to be a V-shaped recovery on the 1-hour chart.

If bulls sustain momentum, the key level to watch would be $0.000001721, now a key support for intra-day resistance day. On the flip side, if bears regain momentum, Shiba Inu could retest the day’s low of $0.00001164.

Even though Shiba Inu’s decline has been steep, the price appears to be attempting a rebound. If Bitcoin can find some footing and market conditions improve, the market could witness a Shiba Inu recovery soon.