SHIB struggles near $0.0000055 as broader market pressure weakens sentiment.
Shibarium transactions have plunged 99.96% from 2025 peak levels.
Bulls must defend $0.0000053 to avoid deeper downside risks.
Shiba Inu faces a difficult moment. Price action continues to weaken while confidence across the ecosystem fades. SHIB trades near $0.00000558 after another rough stretch for risk assets. Bitcoin struggles to hold support, liquidations keep rising, and traders show little appetite for speculative plays. Meanwhile, Shibarium activity has collapsed from previous highs, adding fresh concerns about long-term growth prospects. Bulls still have a path forward, but pressure continues to mount.
https://twitter.com/terra_army/status/2103054540773667166 Macro Pressure and Weak Momentum Leave SHIB Vulnerable
SHIB entered the new week under pressure. The token opened September 29 near $0.00000558 and remained close to the lower end of the daily range. Recent price action suggests buyers are losing momentum after a brief recovery phase. A sharp decline on September 28 erased much of the optimism that followed July's rebound. Although SHIB gained more than 40% from the July low near $0.0000041, sellers have steadily reclaimed control.
The token now sits roughly 30% below levels seen at the start of the year. The broader crypto market conditions are not helping. Bitcoin trades near $83,000 after falling from last week's high around $86,600. Rising Treasury yields, expensive oil prices, and geopolitical tensions continue to pressure financial markets. Investors have become more cautious as uncertainty grows.
Market sentiment appears stronger on paper than in reality. The Crypto Fear & Greed Index remains in greed territory. However, more than $500 million in crypto liquidations during the past day tell a different story. Most of those liquidations came from long positions. Such conditions often signal aggressive risk reduction rather than confidence.
Shibarium's Collapse Raises Serious Questions
Price weakness tells only part of the story. The larger concern comes from activity across the Shibarium network. Shibarium once represented an important piece of the SHIB growth narrative. Supporters viewed the Layer-2 network as proof that the ecosystem offered more than speculation. Expectations were high during periods of strong adoption.
Daily transaction counts have fallen to roughly 1,680. During August 2025, the network processed around 4.69 million daily transactions. The decline represents one of the most dramatic contractions seen across a major crypto ecosystem. Such numbers are difficult to ignore. Network activity often serves as a measure of real demand. Falling usage raises questions about user retention, developer interest, and long-term relevance.
Recent infrastructure challenges have added another layer of uncertainty. The chain reorganization issue received a fix in September. However, migration work related to dRPC remains unfinished. Shibariumscan also continues rebuilding historical data. Those developments have given critics plenty of ammunition. Bulls can point to ongoing infrastructure improvements, but adoption remains the bigger challenge.