Can Shiba Inu Really Rise From Its Ashes?
Shiba Inu is going through a delicate period, oscillating between hope and uncertainty. After a chaotic start to the year, the memecoin struggles to regain its momentum. Investors are scrutinizing every indicator, looking for a signal of recovery. Despite an unstable crypto context, some experts still believe in a possible reversal. Will Shiba Inu be able to pull itself out of this torpor and surprise the market?
Shiba Inu in search of a second wind
February has not been any kinder than January for Shiba Inu. After an attempt at recovery, the memecoin has stumbled again. In January, SHIB suffered a drop of 42%, causing panic. However, the recent correction appears to be less brutal.
An unexpected event caught the attention of investors: Donald Trump recently expressed his support for cryptocurrencies. His optimistic statements for 2025 generated momentary excitement.
” Most of you might not realize how lucky you are to be here !!! Holding SHIB in 2025 is the most amazing phase of this crypto cycle. “, one could read on the official Shiba Inu account.
Despite this glimmer of hope, technical analysis shows an uncertain situation. SHIB is oscillating between support and resistance levels, leaving doubt hanging. Should we expect a wake-up or a new drop?
The future of the memecoin remains suspended to market trends and investor reactions.
Shiba Inu at the crossroads: a possible rebound?
According to analyst BlueCrypto, Shiba Inu must absolutely maintain above the critical threshold of $0.00001465. A rise towards $0.00001590 becomes plausible if this condition is met. Conversely, dropping below this threshold could trigger a new wave of selling.
Crypto Sheriff, another analyst, is more optimistic. He believes that SHIB could initiate a bullish movement if the current trend confirms. According to him, the formation of a descending triangle could lead to a bullish breakout, signaling a market turnaround.
Some key figures to watch:
- Current support: $0.000013;
- Next resistance: $0.00001590;
- Drop risk under: $0.00001150.
Technical indicators remain mixed. The RSI is in a weak zone, trading volumes are decreasing, and the general market sentiment remains mixed. So, will Shiba Inu surprise its audience or sink further?
The coming weeks will be crucial for this unpredictable memecoin.
A crypto market still as capricious
The global crypto market context directly influences SHIB’s evolution. In recent weeks, some digital assets have shown signs of recovery, but volatility remains high. Memecoins, more sensitive to speculative trends, are particularly affected.
The interest of investors in memecoins seems to be waning, negatively affecting SHIB. Nevertheless, some experts believe that this decline could be temporary. Altcoins go through unpredictable cycles and a resurgence of confidence could reignite the memecoin.
A worrying factor remains: the decrease in trading volumes. Fewer transactions mean a weakening of interest and potential for rebound. Should investors still believe in a rise for Shiba Inu, or is it time to turn to other opportunities? The future of the memecoin will largely depend on the evolution of the global market.
An additional element weighs on SHIB’s future: the near-total abandonment of Shibarium, its Layer 2 blockchain. In a week, network activity has dropped by 96%, further weakening the project. Will Shiba Inu be able to rebound despite this crushing failure?
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.