My people, get ready because this is getting good! 🚀 Today we are going to talk about one of the memecoins that has many of us on edge: Shiba Inu! That thing that some keep stored as if it were the last green bill on the planet.
Well, look, things are looking a bit gray for our favorite dog. Despite people expecting it to rise like foam, SHIB couldn't break the barrier and got stuck at $0.0000111. Oh dear! 🤦♂️ The truth is that in the last two weeks, it hasn't been able to keep up with Bitcoin, which is the king of the ice creams.
And why is this so complicated for SHIB? Well, people are not buying much, and according to those who know about this (the blockchain folks, who see all the movement), recovery looks uphill. The memecoin market in general hasn’t made much noise in the last three weeks. A month ago, the entire market capitalization of memecoins was around $59.6 billion, and now it’s at $54.72 billion. The business seems to be stagnant! 😩
Since March, Shiba Inu has been in a range, neither forward nor backward. It tried to make a jump in May, but the party got spoiled and it returned to the minimums of $0.0000111. And watch out, it's not the only one. Even Bitcoin was in a range between $101.5K and $109.5K. But the difference is that SHIB has performed below Bitcoin, and that, my friends, means that demand is weak, very weak! So, the outlook for Shiba Inu, for now, is rather bearish. 📉
Analysts say that for SHIB to kick into high gear and start rising, it would need to break the level of $0.0000136. That’s the key! If it doesn’t go beyond that, things look bleak. And the indicators aren’t helping much. Trading volume has been at rock bottom all year, compared to the end of 2024. And worse, sellers have dominated the scene in 2025. They’re letting go of SHIB like hotcakes! 🍞
If there is no strong and constant demand, Shiba Inu will continue to stumble. They say that maybe if Bitcoin makes a good rebound and then consolidates, there could be an opportunity for money to start flowing into the memecoins. Let’s hope so! 🙏
Moreover, the average age of Shiba Inu coins has been decreasing since May, after three months of accumulation. This means that people who had the tokens stored for a long time are moving them, and that’s a sign that they are getting rid of them. 💨 Many holders are still losing money, and selling pressure increased in June, although it has dropped a little.
In summary, all signals point to SHIB being in a delicate moment. But, keep an eye on this, as at the time of writing, the price is in a key demand zone, close to the minimum of the range. This could open a small window for a rebound, even if it's tiny, in the short term. So, stay alert! A rise above $0.0000136 would be the first good sign that recovery is on the way. Let's cross our fingers! 🤞$SHIB $BTC