Originally launched in August 2020, Shiba Inu is facing the possibility of a drop in popularity. While a bull market could temporarily boost SHIB’s price, analysts warn that any increase may not last. Historical data suggests that popular coins often face significant downturns, and SHIB is not immune to this trend.

Despite the challenges, some analysts are expressing optimism about Shiba Inu’s prospects. A recent report suggests that SHIB could see a rebound before the end of the year, with potential price increases of up to 70%. The analysis notes that “observation of market trends and seasonal influences indicate a recovery trajectory for Shiba Inu.”

SHIB could fall below the $0.00001750 support level. A possible rise to 0.00002838 $ could occur if market conditions improve. Moving averages and Fibonacci levels suggest higher price targets.

The outlook for Shiba Inu remains precarious. As competition intensifies with the emergence of new meme coins, regaining its former strength is a considerable challenge for Shib. Future performance will depend on broader market trends and trader sentiment.