A Bitcoin adviser has declared Shiba Inu effectively "dead" unless the token reclaims a critical support level between $0.000014 and $0.00001. The warning from analysts has sparked debate among traders as SHIB trades roughly 33% below that range.
What Happened: Support Zone Lost
BingX adviser Nebraskan Gooner identified a multi-year horizontal zone that previously acted as support for the meme token. SHIB touched that band before surging to approximately $0.000045 in early Mar. 2024, but the token has spent most of the fourth quarter of 2025 below the critical threshold.
The token currently trades around $0.000008618, placing it 33% to 38% beneath the $0.000013 to $0.000014 region many traders consider essential. "Dead unless it reclaims red," Gooner wrote in a Dec. 9 post on X, referring to the marked support zone on his chart.
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Why It Matters: Technical Breakdown Threatens Rally
When long-held support breaks, it typically transforms into resistance, making upward moves more difficult. Market commentators say failure to climb back into that zone would sap momentum and complicate any recovery attempt.
Zach Humphries, a community member, said the Shiba Inu project must refocus ecosystem initiatives around SHIB, reposition the token to attract retail interest, and publish a clear roadmap to restore momentum.
Some analysts expect Bitcoin to rebound toward $125,000 from current levels near $90,000, with projections reaching $150,000 in 2026—a move that could lift speculative flows into meme tokens.
SHIB gained 0.95% over 24 hours but declined 4.8% across the past week.
Traders note that reclaiming broken support often proves difficult and time-consuming, even for tokens with established communities.
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