Shiba Inu's price momentum has gone flat. Over the past 24 hours, not a single major analyst has expressed bullish conviction on the token. At the same time, spot trading volume for SHIB on Binance — the world's largest crypto exchange — has dropped to levels rarely seen before.
Why the silence from bulls
The lack of bullish analyst sentiment is striking. In a market where meme coins often ride on hype and social media buzz, the quiet suggests traders are stepping back. Without a catalyst, SHIB's price has been drifting lower, and the trendline points to further downside.
Binance volume dries up
Binance spot volume for SHIB is near historic lows. That's a red flag for a token that relies on active retail trading to maintain its price. Low volume means less liquidity and bigger price swings on small orders. It also signals that the crowd that once piled into SHIB has moved on — at least for now.
The path to $0.0000080
Analysts tracking SHIB's price action see a continued drift lower toward $0.0000080. That's a key psychological level, and a drop below it could accelerate selling. The token is already hovering near recent support zones, but without fresh buying interest, those levels may not hold.
For now, the question is whether SHIB can find a floor or if the drift will turn into a steeper decline. Traders are watching for any sign of volume returning — so far, there's been none.
