SHIB has fallen again, but this time it's not just a technical issue.

The latest economic data from the United States is heartbreaking: the household savings rate has fallen to 4.6%, and the spending rate has outpaced income growth. What does this mean? Americans are living off their savings. Retail investors are out of money, can memecoins still rise?

On-chain, SHIB has broken the key support (0.00001140), with further defenses at 0.00001100 and 0.00001080 below. Once these are all broken, it may head straight for 0.00000950, which is equivalent to a further fall of 20%.

The technical indicators are dismal: the daily chart is in a descending channel, with the 20-day moving average pressing down, the Bollinger Bands widening, and red candles continuing. Unless it can regain 0.00001300 with volume support, any rebound will be a false rebound.

Key issue: The Federal Reserve has little hope of short-term rate cuts, and the growth rate of consumer spending (0.6%) is outpacing the growth rate of income (0.4%), indicating strong inflation stickiness. In a high interest rate environment, risk assets are the first to take a hit. Meme coins, which rely solely on sentiment, are the first to be discarded.

Conclusion: The fall of SHIB is not an isolated technical story, but a reflection of the tightening of macro liquidity. Unless the Federal Reserve's stance changes or economic data improves, the downside risks > upside potential.