Shiba Inu at a Crossroads: Decoding the Make-or-Break Signals for SHIB’s Next Move
The meme coin that refuses to die—SHIB’s chart flashes contradictory signals as traders gamble on a comeback. Here’s what the tape reveals.
Technical Check-Up: Bullish Divergence or Dead Cat Bounce?
While Bitcoin ETFs suck up all the institutional oxygen, SHIB’s recent volume spike suggests retail hasn’t abandoned the dog-themed casino. On-chain data shows whales accumulating at these levels—whether that’s smart money or just degenerate gamblers doubling down remains to be seen.
The 200-Day Moving Average Looms Large
Price action coils beneath a critical resistance level that’s separated rallies from rug pulls since 2023. A clean breakout here could trigger algorithmic buying, while rejection would confirm the ’greater fool theory’ is running out of greater fools.
Regulatory Wildcard: How Meme Coins Dodge the SEC’s Radar
Somehow, a token created as a joke avoids the scrutiny crushing legitimate projects—because nothing says ’healthy markets’ like dog memes trading at billion-dollar valuations while real builders get sued into oblivion.
Bottom Line: SHIB’s next 20% move will determine whether this is a dead-cat bounce or the start of another speculative frenzy. Trade accordingly—and maybe keep some dry powder for when the Fed inevitably flips the liquidity taps back on.
Shiba Inu, the second-largest meme coin, has been on a rough path lately. Its price dropped by over 12% in the past week, but it’s still holding above the $0.00001260 mark. This has many SHIB supporters wondering could the worst is over, or if there is more trouble ahead.
Falling Interest and Whale Activity Remains Weak
One big reason SHIB’s price isn’t changing a lot is that there’s less interest in it. According to coinglass data, Shib Inu futures open interest has fallen to $166 million from $181 million last month.
This means fewer people are trading SHIB, and some are just cashing out or waiting to see what happens next.
On the other hand, Whale activity is also very low. Big investors aren’t buying or selling much SHIB these days. In the past week, the biggest transactions only added up to 3.14 trillion SHIB. That’s a lot less than what we used to see when everyone was excited about SHIB.
Even though confidence in SHIB is low, there’s a small sign of hope. The funding rate for SHIB has turned positive, which means some traders still believe it might bounce back.
Low Use of Shibarium Hurting SHIB
Another reason SHIB is quiet is that its network, Shibarium, isn’t being used much yet. Right now, there’s only about $3 million locked in Shibarium. That’s very small compared to the $212 billion locked in the bigger DeFi world.
Shib Price Analysis
Right now, the SHIB price has been consolidating between $0.00001295 to $0.00001226. Although in the last 24 hours, there hasn’t been much change in trading volume, showing that buyers and sellers are at a standstill.
Looking at the SHIB price chart, it has been currently trading around the May month low. If it manages to bounce back, the price could climb and try to break the $0.000013 mark.
Meanwhile, the RSI indicator has dropped to 38.72, near the oversold zone. If things start to look better for the crypto market, SHIB might rise to $0.000015 soon. If Optimism picks up, it could even reach $0.000020.
