SHIB Struggles with Technical Resistance Despite 5th Anniversary Hype

As shiba inu (SHIB) marks its fifth anniversary, the meme coin faces a stark contrast between celebratory sentiment and technical challenges. Currently trading near the lower Bollinger Band support at $0.00001299, SHIB has dipped 0.82% in the last 24 hours, with its Relative Strength Index (RSI) hovering at 37.85—flirting with oversold territory. The market reflects a tug-of-war between anniversary-driven optimism and bearish technical indicators. Key resistance levels between $0.000014 and $0.000019 continue to suppress upward momentum, leaving long-term holders cautiously watching for a breakout. Despite the milestone, SHIB's price action underscores the persistent struggle to overcome technical hurdles in a volatile crypto market.

SHIB Price Faces Technical Pressure Despite 5th Anniversary Milestone

Shiba Inu's fifth anniversary celebration contrasts sharply with its current technical struggles. The meme coin trades NEAR lower Bollinger Band support at $0.00001299, down 0.82% in 24 hours, as RSI flirts with oversold territory at 37.85.

Market dynamics reveal a tug-of-war between commemorative enthusiasm and sober technical reality. Resistance between $0.000014-$0.000019 continues to cap upside, with long-term holders creating sell pressure at breakeven levels. The token's 12% monthly gain now appears stalled at critical junctures.

Technical consolidation dominates price action despite the project's community growth narrative. Traders monitor whether oversold conditions will trigger reversal or if psychological resistance will maintain downward pressure.

Is It Too Late to Turn $100 Into $100K With Shiba Inu? Experts Say These 2 Coins Have More Upside

Shiba Inu, the second-largest meme coin by market cap, has struggled in the current cycle as investor interest shifts away from meme coins. The token has declined nearly 15% in the past week, underperforming broader crypto market gains. Analysts attribute this to a sector-wide downturn for meme coins.

Market observers now recommend pivoting to tokens with stronger fundamentals. Pump Fun Token and Remittix have emerged as favored alternatives, with analysts citing their potential for outsized returns as the bull run progresses. These projects are gaining attention while Shiba Inu faces headwinds.

The meme coin sector's decline contrasts with growing institutional interest in payment and DeFi tokens. This rotation reflects changing market dynamics as the crypto cycle matures, with investors increasingly favoring utility over viral appeal.

Shiba Inu's Ascent: The Path to Top 5 Crypto Rankings

Shiba Inu (SHIB), a retail investor favorite, is regaining spotlight as large holders accumulate the token. Lead developer Shytoshi Kusama's 2024 vision—a top-five market cap position within five years—faces headwinds after SHIB slid from 13th to 22nd place since November 2024. Yet July 2025's whale activity, including 5 trillion SHIB withdrawals from Coinbase and Binance, signals institutional confidence.

At $0.000012 per token, SHIB's $7.2 billion market cap requires exponential growth to challenge giants like Bitcoin and Ethereum. The community's Optimism persists, banking on real-world utility development to fuel the climb.

SHIB Price Faces Critical Test at Support Levels After 5th Anniversary Celebration

Shiba Inu's price action hangs in the balance as technical indicators flash mixed signals during its fifth anniversary week. The meme coin trades near lower Bollinger Band support at $0.00001298, with its RSI hovering at 40.87 - neither oversold nor convincingly bullish. Market participants note the irony of this technical crossroads coinciding with celebrations of SHIB's 21,600,000% historical gains since August 2020.

July's 30% rally, fueled by AI integration progress and transaction volume spikes, now confronts August's characteristic volatility. Resistance at $0.000016 stands as the next psychological barrier, while the MACD's negative histogram suggests bears haven't relinquished control. Traders await either a confirmation of July's momentum or a typical late-summer consolidation phase.