SHIB Shows Signs of Recovery Amid Market Downturn

Shiba Inu (SHIB), one of the most well-known meme coins in the cryptocurrency market, is displaying early indications of a potential rebound after experiencing a 12% decline over the past week. Currently trading at $0.00001320 USDT, SHIB is holding onto a critical support level at $0.00001260, a key threshold that could determine its near-term price direction. Traders are cautiously observing the market for confirmation of a sustained recovery, as the Relative Strength Index (RSI) suggests the asset may be oversold, presenting a buying opportunity for some investors. The broader market sentiment around SHIB has been subdued, with declining participation from both retail and institutional players. Data reveals that SHIB futures open interest has dropped to $166 million, down from $181 million a month ago, signaling reduced speculative activity. Similarly, whale transactions have slowed significantly, with only 3.14 trillion SHIB exchanged in large trades recently. Despite these bearish signals, the RSI’s oversold condition hints at a possible short-term bounce, offering hope to SHIB holders. As of June 4, 2025, the market remains in a wait-and-see mode, with investors weighing the potential for a rebound against the ongoing lack of momentum. The coming days will be crucial in determining whether SHIB can break out of its current consolidation phase or if further downside is in store.

SHIB Price Eyes Rebound as RSI Signals Recovery Potential

Shiba Inu (SHIB), a prominent meme coin, shows tentative signs of stabilization after a 12% weekly decline. The token clings to critical support at $0.00001260 as traders await directional confirmation.

Market participation has waned significantly, with SHIB futures open interest dropping to $166 million from $181 million month-over-month. Whale activity mirrors this trend—only 3.14 trillion SHIB changed hands in large transactions this week, a fraction of earlier volumes.

A subtle bullish signal emerges from derivatives markets: positive funding rates suggest renewed speculative interest. Technical analysts highlight oversold conditions that could fuel a relief rally, though sustained recovery requires broader market participation.

Shiba Inu Price Prediction: Bulls Defend Key Support Amid Market Caution

Shiba Inu (SHIB) is holding firm above a critical support zone despite broader market hesitancy. The meme coin trades at $0.0000128, showing a slight 0.57% gain, with buyers actively defending the $0.0000126-$0.0000127 range. Repeated tests of this level have confirmed its strength, though analysts warn a breakdown could trigger a liquidity hunt toward lower levels.

Resistance NEAR $0.0000130 remains the immediate hurdle. Brief spikes above this level—like the recent $0.00001305 test—have lacked sustaining momentum. ’The price action shows speculative interest, but conviction is missing,’ observes one trader. Market participants await either a decisive breakout or confirmation of support failure to determine SHIB’s next directional move.

Shiba Inu Shows Resilience Amid Market Uncertainty

Shiba Inu (SHIB) demonstrates modest gains despite lacking strong bullish momentum, with buyers establishing a firm support base between $0.00001265 and $0.00001270. Technical patterns suggest potential upward movement, though the token struggles to hold above the 100-day simple moving average at $0.00001332.

Geopolitical tensions and shifting trade policies continue to Ripple through cryptocurrency markets, with SHIB unexpectedly benefiting from the volatility. The token’s price action reflects a clear uptrend, breaking through key resistance levels before facing slight profit-taking as volumes declined.

Shiba Inu Burn Rate Surges 5200% Amid Market Contraction

Shiba Inu’s token burn rate skyrocketed over 5200% in early June, removing 21 million SHIB from circulation. Yet the meme coin’s price remains subdued, dropping 9% weekly amid broader sector weakness. The burn mechanism—while symbolically significant—lacks the scale to meaningfully dent SHIB’s 589 trillion supply or break the $0.000014 resistance level.

Market dynamics favor projects with solid fundamentals like Unilabs Finance, which continues delivering returns despite the downturn. SHIB’s newly launched ShibDAO governance system may foster long-term engagement, but current indicators suggest no imminent price recovery. The token now tests support at $0.000012, with technical ceilings capping upside at $0.0000145.