• Shiba Inu (SHIB) holds near $0.000007899 above critical support.
• Immediate support is at $0.00000750, and resistance is at $0.00000850.
• Gemini launches SHIB perpetuals in Europe with 100x leverage.
• The Shib denies false claims about editorial bias.

Shiba Inu (SHIB) is hovering near $0.000007899, sitting right above a crucial weekly support area, while overall sentiment stays weak. The chart continues to show candles trading below the middle Bollinger Band, keeping the trend downward. Lower highs are still forming, and buyers have not stepped in with confidence. SHIB needs to hold this zone or risk slipping into deeper selling pressure soon.

The weekly setup outlines several important levels that could guide SHIB’s next direction. Initial support is at $0.00000750, with a stronger floor near $0.00000700. Resistance remains tight at $0.00000850, while the mid-Bollinger Band around $0.00000920 acts as the main ceiling. A close above that level may spark a healthier bounce, but until then, SHIB struggles to shift momentum back upward.

RSI is at 33, and momentum is continuously dying out, as SHIB approaches an overbought measure. Below $0.00000750, support levels come into effect at $0.00000620 and then $0.00000550. To reverse, it is imperative to exceed $0.00000850 and re-establish $0.00000920. This is the singular action that can provide entry into $0.00001120 or near the top Bollinger Band at $0.00001280

Also Read: Will Shiba Inu (SHIB) Close 2025 With a Breakout? Traders Eye a Possible Zero Drop

Gemini Expands SHIB Perpetual Markets

Gemini has expanded its Perpetual Market offerings in Europe, with SHIB at the forefront of this new expansion. The new update allows users to take long and short positions with up to 100x leverage on SHIB, making it one of the most flexible memecoins so far. BONK, DOGE, FLOKI, PEPE, and WIF, along with SHIB, receive equal coverage.

The introduction of Shiba Inu perpetuals gives traders a stronger way to react to market volatility while using USDC settlements and cross-collateral support in a secure environment. SHIB’s massive community and increasing demand make it a standout addition, strengthening its presence in the memecoin sector. Gemini plans further expansions as interest in SHIB derivatives grows.

The Shib Addresses False Social Media Claims

The Shib is responding to an incorrect statement seen on social media. The statement alleges that its editors were instructed not to post certain community announcements due to personal matters and/or ‘social squabbles.’ This is not true. The publication has an organized editorial process, and all choices regarding what to post and what to emphasize come from this process and nowhere else.

Any attempt to frame the team’s work as driven by personal motives, negativity, or outside pressure misrepresents how The Shib operates. The publication has an authoritative and rigorous publishing process. All publication efforts are conducted by this method alone, not influenced by either external opinion or conflicts within.

Also Read: Shiba Inu (SHIB) Price Analysis: Will It Hit $0.00001700 Soon?