Shiba Inu price has dipped below $0.000015 on Saturday April 26, as bulls lose momentum. Derivatives trading data shows a SHIB price drop below $0.00001400 could trigger a cascading liquidations
Shiba Inu Price Consolidates as Bulls Lose Momentum
Shiba Inu price stalls after 17% gains on the weekly candle, with trading indicators suggesting the bullish momentum could be weakening.
Currently trading at $0.00001419, SHIB has only mustered a modest 0.6% gain over the last 24 hours, according to CoinGecko data.
However, its inability to sustain early gains above $0.000015 highlights mounting selling pressure, especially during U.S. trading hours where retail activity noticeably thinned.
Earlier in the day, multiple sharp rejections near the $0.0000150 zone on Binance and Coinbase hinted at exhaustion among short-term bulls.
After a sharp rally in Asian morning hours, SHIB price entered series of lower highs, typically a sign that buyer conviction is dwindling.
Traders on Asian-dominated platforms like Bybit and OKX reported heavier-than-usual spot selling, suggesting that some whales may be de-risking positions ahead of the weekend.
Shiba Inu maintains a market capitalization of approximately $8.36 billion, solidifying its spot as the 18th-largest cryptocurrency.
However, after last week’s rally, traders now appear to be taking on a cautious stance as liquidity thins, seeking clearer directional signals, particularly as Bitcoin price failed to hold the $95,000 level.
Nearly 3 Million SHIB Longs Risk Liquidation at Critical Price Level
Liquidation data adds another layer of concern for Shiba Inu. According to the latest Coinglass’ Liquidation Map, approximately 2.96 million SHIB longs are at risk of liquidation if the price drops to $0.00001365.
Binance alone accounts for 766,710 SHIB of this leveraged exposure, making it the largest single source of potential liquidation pressure.
The map highlights a clear liquidity pocket around this level, meaning a breakdown could trigger a wave of forced selling as margin positions are closed automatically.
Historically, similar patterns — like in late March when SHIB lost $0.000012 — saw prices collapse 5%–8% within hours as liquidation cascades intensified the downward pressure.
Recent trading on Binance Futures also shows a rise in the SHIB long-to-short ratio, reaching 2.7:1 at peak levels earlier today, before cooling slightly.
Over the past 30 days, cumulative long leverage has trended steadily downward, yet large clusters of overexposed longs persist just beneath the current SHIB price.
This concentration suggests that $0.00001365 now serves as a major liquidity cluster — if tested, it could lead to a rapid cascading effect, mirroring the sharp liquidations seen across altcoins like PEPE and FLOKI in similar setups earlier this month.
Within the current market dynamics, a sustained break below $0.00001400 could set off an aggressive liquidation cascade toward $0.00001365, and potentially lower if panic selling ensues.
Conversely, if SHIB price can maintain steady support above $0.00001420 and reclaim $0.00001450, it may avert a deeper correction.
The post 3,000,000 SHIB Longs Face Liquidation If Shiba Inu Price Tags This Key Level appeared first on CoinGape.
